7680 Westwood Dr APT 823TamaracFL33321
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowTight but positive: 7680 Westwood Dr APT 823, Tamarac, FL, 33321 in Tamarac at $288,500 earns $2,597/mo in rent and nets $161/mo after the $1,297/mo payment, a 10.39% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $79,707 over five years. Ziffy Mortgage underwrites this on a 2.00 DSCR without U.S. credit history. With $2,657/yr in principal paydown, total projected return reaches $127,148.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.4% | 7.0% |
| Monthly Cash Flow | $161 | $1,800 |
City averages based on Tamarac market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,597 |
| Total Monthly Debt Service | $2,246 |
| DSCR Ratio | 1.16x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1990
N/A lot
$N/A/sqft
$446 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33321, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,498 (100%) |
| Owner Occupied HU | 17,214 (70.3%) |
| Renter Occupied HU | 5,985 (24.4%) |
| Vacant Housing Units | 1,299 ( 5.3%) |
| Median Home Value | $328,775 |
| Average Home Value | $352,562 |
Housing Distribution
Address Breakdown
Residential
23,229
Single Family
14,300
Multi-Family
8,929
Businesses
763
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Condo
Built in 1990
N/A lot
$N/A/sqft
$446 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33321, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,498 (100%) |
| Owner Occupied HU | 17,214 (70.3%) |
| Renter Occupied HU | 5,985 (24.4%) |
| Vacant Housing Units | 1,299 ( 5.3%) |
| Median Home Value | $328,775 |
| Average Home Value | $352,562 |
Housing Distribution
Address Breakdown
Residential
23,229
Single Family
14,300
Multi-Family
8,929
Businesses
763
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Barry Rifkin • Real Estate Sales Force
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11827000
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.