1132 NW 3rd AveFort LauderdaleFL33311
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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 1132 NW 3rd Ave, Fort Lauderdale, FL, 33311 listed at $499,900 pairs $3,712/mo rent with a $2,447/mo payment to leave $394/mo cash flow. Total monthly income runs $3,712/mo, and annual cash flow reaches $4,732/yr on $165,717 cash to close. Return on cash invested measures 22.76% in year one, and rental yield registers 8.91% at a $499,900 basis. Equity gained on principal adds $3,226/yr, and annual property appreciation at 5% supports $138,113 by year five. Five-year ROI tracks 118.76% and total cumulative return in cash totals $196,800. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,712/mo property income relative to a $2,447/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1956
6,747 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33311, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,271 (100%) |
| Owner Occupied HU | 10,998 (40.3%) |
| Renter Occupied HU | 14,421 (52.9%) |
| Vacant Housing Units | 1,852 ( 6.8%) |
| Median Home Value | $362,464 |
| Average Home Value | $412,448 |
Housing Distribution
Address Breakdown
Residential
25,408
Single Family
19,202
Multi-Family
6,206
Businesses
2,571
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Listed by: Kenny Silverman • RE/MAX Experience
Mls Name: BeachesMLS
Mls ID: #F10518074