1600 SE 15th StFort 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
Rental property for sale in Fort Lauderdale at 1600 SE 15th St, Fort Lauderdale, FL, 33316 generates $1,950/mo in rent and, after a $1,322/mo payment, leaves $158/mo in cash flow. Total monthly income is $1,950/mo, and annual cash flow is $1,893/yr on $89,505 invested. Return on cash invested sits at 22.02% in year one, and rental yield is 8.67% on a $269,999 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 114.78% and total cumulative return in cash sums $102,733. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,950/mo property income rather than buyer’s personal income.
Single Family
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: #A11929315