1501 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
Rental property for sale in Fort Lauderdale at 1501 NE 3rd Ave, Fort Lauderdale, FL, 33304 generates $4,634/mo in rent, after a $3,421/mo payment. Total monthly income is $4,634/mo. Return on cash invested sits at 20.04% in year one, and rental yield is 7.96% on a $699,000 entry. Equity gained on principal adds $4,511/yr, while 5% annual appreciation builds toward $193,121 over five years. Five-year ROI reaches 104.09% and total cumulative return in cash sums $239,378. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,634/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
6,757 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: Javier Ruiz • Canvas Real Estate
Mls Name: MIAMI
Mls ID: #A11873767