1025-1027 NE 16 TerraceFort LauderdaleFL33304
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1025-1027 NE 16 Terrace, Fort Lauderdale, FL, 33304 offers a 8.15% rental yield on a $750,000 purchase with $5,094/mo rent. Total monthly income registers $5,094/mo, and a $3,671/mo payment leaves $117/mo available for distribution. Annual cash flow reaches $1,401/yr on $246,750 to close, and return on cash invested stands at 20.63% in year one. Equity gained on principal adds $4,840/yr while 5% annual appreciation supports $207,211 over five years. Portfolio math shows five-year ROI at 107.25% and total cumulative return in cash at $264,642. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,094/mo property income against a $3,671/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1960
6,753 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Debra J Temkin • CENTURY 21 Tenace Realty
Mls Name: BeachesMLS
Mls ID: #RX-11132122