1499 SW 28th WayFort LauderdaleFL33312
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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
Rental property for sale in Fort Lauderdale at 1499 SW 28th Way, Fort Lauderdale, FL, 33312 generates $4,711/mo in rent and, after a $2,398/mo payment, leaves $1,460/mo in cash flow. Total monthly income is $4,711/mo, and annual cash flow is $17,517/yr on $162,402 invested. Return on cash invested sits at 30.7% in year one, and rental yield is 11.54% on a $489,900 entry. Equity gained on principal adds $3,161/yr, while 5% annual appreciation builds toward $135,350 over five years. Five-year ROI reaches 161.27% and total cumulative return in cash sums $261,905. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,711/mo property income rather than buyer’s personal income.
Single Family
Built in 1946
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33312, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,901 (100%) |
| Owner Occupied HU | 11,493 (52.5%) |
| Renter Occupied HU | 8,606 (39.3%) |
| Vacant Housing Units | 1,802 ( 8.2%) |
| Median Home Value | $496,219 |
| Average Home Value | $602,182 |
Housing Distribution
Address Breakdown
Residential
20,452
Single Family
15,849
Multi-Family
4,603
Businesses
1,991
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Listed by: Manuel Arce • EXP Realty LLC
Mls Name: MIAMI
Mls ID: #A11884121