1516 Veracruz Ln #6-3WestonFL33327
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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 Weston at 1516 Veracruz Ln #6-3, Weston, FL, 33327 uses $200,690 cash to close to unlock $7,723/yr annual cash flow and $644/mo monthly cash flow. Total monthly income runs $4,692/mo, and a $2,986/mo payment keeps the spread at $644/mo. Purchase price stands at $610,000, and rental yield measures 9.23% with $4,692/mo rent. Return on cash invested shows 23.91% in year one, and 5% annual appreciation builds toward $168,532 over five years. Five-year ROI reaches 124.85% and total cumulative return in cash records $250,555. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,692/mo property income covering a $2,986/mo payment rather than investor’s personal income.
Townhouse
Built in 1997
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33327, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,557 (100%) |
| Owner Occupied HU | 5,310 (81.0%) |
| Renter Occupied HU | 1,096 (16.7%) |
| Vacant Housing Units | 151 ( 2.3%) |
| Median Home Value | $722,506 |
| Average Home Value | $809,775 |
Housing Distribution
Address Breakdown
Residential
6,718
Single Family
6,718
Multi-Family
0
Businesses
166
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