151 NE 16th Ave APT 232Fort LauderdaleFL33301
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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 151 NE 16th Ave APT 232, Fort Lauderdale, FL, 33301 uses $124,313 cash to close to unlock $286/yr annual cash flow and $24/mo monthly cash flow. Total monthly income runs $2,512/mo, and a $1,835/mo payment keeps the spread at $24/mo. Purchase price stands at $375,000, and rental yield measures 8.04% with $2,512/mo rent. Return on cash invested shows 20.14% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 104.66% and total cumulative return in cash records $130,107. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,512/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Condo
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33301, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,200 (100%) |
| Owner Occupied HU | 4,658 (27.1%) |
| Renter Occupied HU | 9,032 (52.5%) |
| Vacant Housing Units | 3,510 (20.4%) |
| Median Home Value | $888,968 |
| Average Home Value | $1,108,483 |
Housing Distribution
Address Breakdown
Residential
15,368
Single Family
3,636
Multi-Family
11,732
Businesses
1,279
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Listed by: Michael Garcia • Direct Realty Solutions
Mls Name: MIAMI
Mls ID: #A11833648