888 Intracoastal Dr #4EFort LauderdaleFL33304
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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 Fort Lauderdale at 888 Intracoastal Dr #4E, Fort Lauderdale, FL, 33304 offers $2,043/mo rent that, after a $1,463/mo payment, leaves $59/mo cash flow. Total monthly income is $2,043/mo, and annual cash flow is $711/yr on $99,119 cash. Return on cash invested measures 20.63% in year one, and rental yield stands at 8.2% at a $299,000 entry. Equity gained on principal adds $1,929/yr while 5% annual appreciation compounds into $82,608 by year five. Five-year ROI records 107.31% and total cumulative return in cash reaches $106,366. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,043/mo property income versus a $1,463/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1963
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33304, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,109 (100%) |
| Owner Occupied HU | 5,379 (35.6%) |
| Renter Occupied HU | 6,993 (46.3%) |
| Vacant Housing Units | 2,737 (18.1%) |
| Median Home Value | $733,600 |
| Average Home Value | $905,136 |
Housing Distribution
Address Breakdown
Residential
12,657
Single Family
4,624
Multi-Family
8,033
Businesses
1,074
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Listed by: Iliana Ivanova • Posh Estates
Mls Name: BeachesMLS
Mls ID: #F10521309