1229 NE 17th AveFort LauderdaleFL33304
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 1229 NE 17th Ave, Fort Lauderdale, FL, 33304 in Fort Lauderdale deserves attention. This $940,000 property earns $8,246/mo in rent, a 10.53% gross yield, and nets $1,439/mo after the $4,227/mo payment. DSCR 1.95 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $259,705 compounds alongside $8,657/yr in yearly equity build, for a total cumulative return of $453,307.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.5% | 5.8% |
| Monthly Cash Flow | $1,439 | $1,850 |
City averages based on Fort Lauderdale market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $8,246 |
| Total Monthly Debt Service | $6,433 |
| DSCR Ratio | 1.28x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1946
6,756 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1946
6,756 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Grant White • Vista Mar Realty Group Inc.
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11819948
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.