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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Davie at 15060 Norfolk Ln, Davie, FL, 33331 generates $4,560/mo in rent, after a $3,279/mo payment. Total monthly income is $4,560/mo. Return on cash invested sits at 19.47% in year one, and rental yield is 8.17% on a $670,000 entry. Equity gained on principal adds $4,323/yr, while 5% annual appreciation builds toward $185,109 over five years. Five-year ROI reaches 101.49% and total cumulative return in cash sums $223,721. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,560/mo property income rather than buyer’s personal income.
Single Family
Built in 1988
4,866 sqft lot
$N/A/sqft
$500 annually HOA
Neighborhood data shown for ZIP Code: 33331, Fort Lauderdale, FL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,787 (100%) |
| Owner Occupied HU | 6,485 (83.3%) |
| Renter Occupied HU | 1,144 (14.7%) |
| Vacant Housing Units | 158 ( 2.0%) |
| Median Home Value | $691,542 |
| Average Home Value | $796,222 |
Residential
7,797
Single Family
6,970
Multi-Family
827
Businesses
413
Date | Event | Price |
|---|---|---|
| 2025-07-29 | Listed for sale | $670,000 |
| 2022-05-09 | Sold | $500,000 |
| 2022-04-06 | Contingent | $495,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-29 | $8132.70 | 2.53% | $436,780 | 3.00% |
| 2023-07-29 | $7932.04 | 184.54% | $424,060 | 160.54% |
| 2022-07-29 | $2787.72 | 2.45% | $162,760 | 3.00% |
What's Special
Pull Down Stairs
Listed by: Liza Mendez • BHHS EWM Realty
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11848767
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
