1315 NE 16th 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 1315 NE 16th Ave, Fort Lauderdale, FL, 33304 earns $637/mo cash flow from $6,404/mo rent with a $4,253/mo payment. Total monthly income totals $6,404/mo, and annual cash flow totals $7,650/yr on $285,901 capital. ROI tracks 22.74% on current figures, and rental yield reads 8.84% at a $869,000 purchase. Equity gained on principal adds $5,608/yr, and 5% annual appreciation supports $240,089 over five years. Five-year ROI reaches 118.56% and total cumulative return in cash sums $338,963. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,404/mo property income instead of your personal income.
Single Family
Built in 1951
6,751 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: Katherine Valverde • La Rosa Realty Beaches LLC
Mls Name: MIAMI
Mls ID: #A11899953