1600 SE 15th St APT 607Fort LauderdaleFL33316
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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 1600 SE 15th St APT 607, Fort Lauderdale, FL, 33316 uses $89,505 cash to close to unlock $7,809/yr annual cash flow and $651/mo monthly cash flow. Total monthly income runs $2,443/mo, and a $1,322/mo payment keeps the spread at $651/mo. Purchase price stands at $269,999, and rental yield measures 10.86% with $2,443/mo rent. Return on cash invested shows 28.63% in year one, and 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 150.23% and total cumulative return in cash records $134,461. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,443/mo property income covering a $1,322/mo payment rather than investor’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33316, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,837 (100%) |
| Owner Occupied HU | 4,013 (40.8%) |
| Renter Occupied HU | 3,445 (35.0%) |
| Vacant Housing Units | 2,379 (24.2%) |
| Median Home Value | $955,160 |
| Average Home Value | $1,128,986 |
Housing Distribution
Address Breakdown
Residential
8,599
Single Family
2,862
Multi-Family
5,737
Businesses
1,405
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Listed by: Steven Koleno • Beycome of Florida LLC
Mls Name: MIAMI
Mls ID: #A11933589