1524 NW 56th Ave #7Fort LauderdaleFL33313
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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 1524 NW 56th Ave #7, Fort Lauderdale, FL, 33313 earns $15/mo cash flow from $1,700/mo rent with a $1,243/mo payment. Total monthly income totals $1,700/mo, and annual cash flow totals $175/yr on $84,201 capital. ROI tracks 20.12% on current figures, and rental yield reads 8.03% at a $254,000 purchase. Equity gained on principal adds $1,639/yr, and 5% annual appreciation supports $70,176 over five years. Five-year ROI reaches 104.56% and total cumulative return in cash sums $88,038. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,700/mo property income instead of your personal income.
Single Family
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33313, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,584 (100%) |
| Owner Occupied HU | 10,165 (41.3%) |
| Renter Occupied HU | 12,317 (50.1%) |
| Vacant Housing Units | 2,102 ( 8.6%) |
| Median Home Value | $275,847 |
| Average Home Value | $312,425 |
Housing Distribution
Address Breakdown
Residential
24,113
Single Family
12,330
Multi-Family
11,783
Businesses
1,258
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Listed by: April Baxter • Approved Realty Solutions, Inc
Mls Name: MIAMI
Mls ID: #A11915247