10382 NW 24th Pl UNIT 303SunriseFL33322
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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 Sunrise at 10382 NW 24th Pl UNIT 303, Sunrise, FL, 33322 offers a 15.95% rental yield on a $199,777 purchase with $2,656/mo rent. Total monthly income registers $2,656/mo, and a $978/mo payment leaves $633/mo available for distribution. Annual cash flow reaches $7,598/yr on $66,226 to close, and return on cash invested stands at 31.38% in year one. Equity gained on principal adds $1,289/yr while 5% annual appreciation supports $55,195 over five years. Portfolio math shows five-year ROI at 169.6% and total cumulative return in cash at $112,318. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,656/mo property income against a $978/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1990
N/A lot
$N/A/sqft
$616 monthly HOA
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Listed by: Merv Moss • RE/MAX Direct
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10426606
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.