770 NW 38th StOakland ParkFL33309
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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
Investment Highlights
Rental property for sale in Oakland Park at 770 NW 38th St, Oakland Park, FL, 33309 generates $5,317/mo in rent and, after a $2,691/mo payment, leaves $1,668/mo in cash flow. Total monthly income is $5,317/mo, and annual cash flow is $20,019/yr on $180,917 invested. Return on cash invested sits at 31.13% in year one, and rental yield is 11.6% on a $549,900 entry. Equity gained on principal adds $3,548/yr, while 5% annual appreciation builds toward $151,927 over five years. Five-year ROI reaches 163.56% and total cumulative return in cash sums $295,910. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,317/mo property income rather than buyer’s personal income.
Single Family
Built in 1958
8,750 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33309, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,194 (100%) |
| Owner Occupied HU | 9,384 (57.9%) |
| Renter Occupied HU | 5,818 (35.9%) |
| Vacant Housing Units | 992 ( 6.1%) |
| Median Home Value | $401,519 |
| Average Home Value | $475,097 |
Housing Distribution
Address Breakdown
Residential
15,277
Single Family
11,083
Multi-Family
4,194
Businesses
2,822
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Listed by: Blanca Lafosse • United Realty Group Inc.
Mls Name: MIAMI
Mls ID: #A11933763