1101 NW 58th Ter UNIT 310Fort LauderdaleFL33313
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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 1101 NW 58th Ter UNIT 310, Fort Lauderdale, FL, 33313 listed at $148,490 pairs $2,286/mo rent with a $727/mo payment to leave $869/mo cash flow. Total monthly income runs $2,286/mo, and annual cash flow reaches $10,432/yr on $49,224 cash to close. Return on cash invested measures 41.1% in year one, and rental yield registers 18.47% at a $148,490 basis. Equity gained on principal adds $958/yr, and annual property appreciation at 5% supports $41,025 by year five. Five-year ROI tracks 220.96% and total cumulative return in cash totals $108,768. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,286/mo property income relative to a $727/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1973
N/A lot
$N/A/sqft
$372 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33313, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,584 (100%) |
| Owner Occupied HU | 10,165 (41.3%) |
| Renter Occupied HU | 12,317 (50.1%) |
| Vacant Housing Units | 2,102 ( 8.6%) |
| Median Home Value | $275,847 |
| Average Home Value | $312,425 |
Housing Distribution
Address Breakdown
Residential
24,113
Single Family
12,330
Multi-Family
11,783
Businesses
1,258
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Listed by: Paula Pompa • Coldwell Banker Realty/Hollywood
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10476224
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.