1430 Cordova Rd UNIT 24AFort LauderdaleFL33316
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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 1430 Cordova Rd UNIT 24A, Fort Lauderdale, FL, 33316 uses $69,615 cash to close to unlock $1,011/yr annual cash flow and $84/mo monthly cash flow. Total monthly income runs $2,050/mo, and a $1,028/mo payment keeps the spread at $84/mo. Purchase price stands at $210,000, and rental yield measures 11.71% with $2,050/mo rent. Return on cash invested shows 21.36% in year one, and 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 114.84% and total cumulative return in cash records $79,948. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,050/mo property income covering a $1,028/mo payment rather than investor’s personal income.
Condo
Built in 1958
N/A lot
$N/A/sqft
$572 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33316, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,837 (100%) |
| Owner Occupied HU | 4,013 (40.8%) |
| Renter Occupied HU | 3,445 (35.0%) |
| Vacant Housing Units | 2,379 (24.2%) |
| Median Home Value | $955,160 |
| Average Home Value | $1,128,986 |
Housing Distribution
Address Breakdown
Residential
8,599
Single Family
2,862
Multi-Family
5,737
Businesses
1,405
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Listed by: John Hand • NextHome Realty Professionals
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10492483
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.