1424 NE 16th TerFort 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 1424 NE 16th Ter, Fort Lauderdale, FL, 33304 uses $246,421 cash to close to unlock $10,218/yr annual cash flow and $851/mo monthly cash flow. Total monthly income runs $5,822/mo, and a $3,666/mo payment keeps the spread at $851/mo. Purchase price stands at $749,000, and rental yield measures 9.33% with $5,822/mo rent. Return on cash invested shows 24.21% in year one, and 5% annual appreciation builds toward $206,935 over five years. Five-year ROI reaches 126.45% and total cumulative return in cash records $311,608. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,822/mo property income covering a $3,666/mo payment rather than investor’s personal income.
Single Family
Built in 1949
8,110 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: Dawn Valentin • Better Homes & Gdns RE Fla 1st
Mls Name: BeachesMLS
Mls ID: #F10540883