8951 N New River Canal Rd APT 2DPlantationFL33324
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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
Investment property for sale in Plantation at 8951 N New River Canal Rd APT 2D, Plantation, FL, 33324 uses $97,793 cash to close to unlock $939/yr annual cash flow and $78/mo monthly cash flow. Total monthly income runs $2,036/mo, and a $1,444/mo payment keeps the spread at $78/mo. Purchase price stands at $295,000, and rental yield measures 8.28% with $2,036/mo rent. Return on cash invested shows 20.87% in year one, and 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 108.6% and total cumulative return in cash records $106,202. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,036/mo property income covering a $1,444/mo payment rather than investor’s personal income.
Condo
Built in 1975
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33324, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,031 (100%) |
| Owner Occupied HU | 11,966 (49.8%) |
| Renter Occupied HU | 10,499 (43.7%) |
| Vacant Housing Units | 1,566 ( 6.5%) |
| Median Home Value | $461,489 |
| Average Home Value | $552,528 |
Housing Distribution
Address Breakdown
Residential
23,679
Single Family
13,758
Multi-Family
9,921
Businesses
1,481
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Listed by: Marlene Klein • PROPERTY QUEST
Mls Name: MIAMI
Mls ID: #A11944425