12 Cortez Way UNIT 3-45DavieFL33324
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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 Davie at 12 Cortez Way UNIT 3-45, Davie, FL, 33324 listed at $355,000 pairs $3,532/mo rent with a $1,738/mo payment to leave $277/mo cash flow. Total monthly income runs $3,532/mo, and annual cash flow reaches $3,323/yr on $117,683 cash to close. Return on cash invested measures 22.73% in year one, and rental yield registers 11.94% at a $355,000 basis. Equity gained on principal adds $2,291/yr, and annual property appreciation at 5% supports $98,080 by year five. Five-year ROI tracks 121.89% and total cumulative return in cash totals $143,448. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,532/mo property income relative to a $1,738/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1979
N/A lot
$N/A/sqft
$592 monthly HOA
More details about the property
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 |
Housing Distribution
Address Breakdown
Residential
23,679
Single Family
13,758
Multi-Family
9,921
Businesses
1,481
Price History
Date | Event | Price |
|---|---|---|
| 2025-05-01 | Listed for sale | $355,000 |
| 2023-03-24 | Sold | $330,000 |
| 2023-01-30 | Listed for sale | $349,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-01 | $6841.27 | 22.25% | $309,190 | 34.67% |
| 2023-05-01 | $5595.92 | 16.22% | $229,590 | 10.00% |
| 2022-05-01 | $4815.12 | 11.35% | $208,720 | 10.00% |
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Facts & Features
General Information
- Type: Townhouse
- Year Built: 1979
- Architectural Style: N/A
- Building Area: N/A
- Living Area: 1,670 sqft
- Property Condition: As Is
Features & Amenities
- Heating: Central
- Cooling: Central Air
- Flooring: Ceramic Tile, Vinyl, Wood
- Interior Features: Closet Cabinetry, Pantry
- Exterior Features: Screened Balcony
- Parking Features: 2 Or More Spaces, Assigned, Guest, No Rv/Boats, No Trucks/Trailers
Location
HOA & Fees
- HOA Fee: $592 monthly
- Association Fee: $592 monthly
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Cable Available
- Sewer: N/A
- Water Source: N/A
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Aris Cruz • First World Realty Group,LLC
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10498038
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 2025 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.