1229 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 1229 NE 3rd Ave, Fort Lauderdale, FL, 33304 listed at $320,000 pairs $2,993/mo rent with a $1,566/mo payment to leave $870/mo cash flow. Total monthly income runs $2,993/mo, and annual cash flow reaches $10,436/yr on $106,080 cash to close. Return on cash invested measures 29.75% in year one, and rental yield registers 11.22% at a $320,000 basis. Equity gained on principal adds $2,065/yr, and annual property appreciation at 5% supports $88,410 by year five. Five-year ROI tracks 156.19% and total cumulative return in cash totals $165,687. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,993/mo property income relative to a $1,566/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1947
6,752 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
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Listed by: Andrew Valdes • La Rosa Realty Beaches LLC
Mls Name: MIAMI
Mls ID: #A11921142