900 River Reach Dr #222Fort LauderdaleFL33315
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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 Fort Lauderdale at 900 River Reach Dr #222, Fort Lauderdale, FL, 33315 earns $58/mo cash flow from $1,585/mo rent with a $1,126/mo payment. Total monthly income totals $1,585/mo, and annual cash flow totals $701/yr on $76,243 capital. ROI tracks 20.83% on current figures, and rental yield reads 8.27% at a $229,995 purchase. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,543 over five years. Five-year ROI reaches 108.39% and total cumulative return in cash sums $82,637. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,585/mo property income instead of your personal income.
Condo
Built in 1971
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33315, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,908 (100%) |
| Owner Occupied HU | 3,604 (45.6%) |
| Renter Occupied HU | 3,261 (41.2%) |
| Vacant Housing Units | 1,043 (13.2%) |
| Median Home Value | $617,061 |
| Average Home Value | $669,168 |
Housing Distribution
Address Breakdown
Residential
7,173
Single Family
4,953
Multi-Family
2,220
Businesses
926
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Listed by: Richard Salter • Compass Florida, LLC
Mls Name: BeachesMLS
Mls ID: #F10543836