1502 SW 24th StFort LauderdaleFL33315
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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 1502 SW 24th St, Fort Lauderdale, FL, 33315 listed at $888,126 pairs $3,000/mo rent with a $4,347/mo payment. Total monthly income runs $3,000/mo. Return on cash invested measures 8.18% in year one, and rental yield registers 4.05% at a $888,126 basis. Equity gained on principal adds $5,731/yr, and annual property appreciation at 5% supports $245,373 by year five. Five-year ROI tracks 40.49% and total cumulative return in cash totals $118,312. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,000/mo property income relative to a $4,347/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33315, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,908 (100%) |
| Owner Occupied HU | 3,604 (45.6%) |
| Renter Occupied HU | 3,261 (41.2%) |
| Vacant Housing Units | 1,043 (13.2%) |
| Median Home Value | $617,061 |
| Average Home Value | $669,168 |
Housing Distribution
Address Breakdown
Residential
7,173
Single Family
4,953
Multi-Family
2,220
Businesses
926
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Listed by: Alex Escobar • RE/MAX Experience
Mls Name: BeachesMLS
Mls ID: #F10541837