1202 NE 3rd AveFort LauderdaleFL33304
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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 1202 NE 3rd Ave, Fort Lauderdale, FL, 33304 offers a 3.54% rental yield on a $1,220,000 purchase with $3,600/mo rent. 72% in year one. Equity gained on principal adds $7,872/yr while 5% annual appreciation supports $337,064 over five years. Portfolio math shows five-year ROI at 32.63% and total cumulative return in cash at $128,979. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,600/mo property income against a $5,971/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1962
N/A 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
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Listed by: AnastasIIa Luneva • Dalton Wade Inc
Mls Name: BeachesMLS
Mls ID: #F10541362