9420 Tangerine Pl APT 407, Davie, FL, 33324 | $211/mo Cash Flow

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9420 Tangerine Pl APT 407, Davie, FL, 33324 | $211/mo Cash Flow | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Davie at 9420 Tangerine Pl APT 407, Davie, FL, 33324 offers a 9.26% rental yield on a $195,000 purchase with $1,505/mo rent. Total monthly income registers $1,505/mo, and a $954/mo payment leaves $211/mo available for distribution. Annual cash flow reaches $2,536/yr on $64,643 to close, and return on cash invested stands at 23.83% in year one. Equity gained on principal adds $1,258/yr while 5% annual appreciation supports $53,875 over five years. Portfolio math shows five-year ROI at 124.52% and total cumulative return in cash at $80,494. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,505/mo property income against a $954/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1978

N/A lot

$N/A/sqft

No HOA

More details about the property

LARGE TOP FLOOR CORNER UNIT. 2 bed 2 bath unit with 1,100 sqf under air and screened in balcony with manual shutters and golf course views. Unit in need of updating/repairs/TLC. Unit conveniently located next to laundry room and staircase. Roof new. HVAC replaced several years ago and in great condition. Unit being sold as-is.

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