1601 SW 28th StFort LauderdaleFL33315
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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 1601 SW 28th St, Fort Lauderdale, FL, 33315 offers a 9.11% rental yield on a $572,000 purchase with $4,344/mo rent. 92% in year one. Equity gained on principal adds $3,691/yr while 5% annual appreciation supports $158,033 over five years. Portfolio math shows five-year ROI at 104.76% and total cumulative return in cash at $197,153. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,344/mo property income against a $2,800/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
1,701 sqft lot
$N/A/sqft
$285 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33315, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,908 (100%) |
| Owner Occupied HU | 3,604 (45.6%) |
| Renter Occupied HU | 3,261 (41.2%) |
| Vacant Housing Units | 1,043 (13.2%) |
| Median Home Value | $617,061 |
| Average Home Value | $669,168 |
Housing Distribution
Address Breakdown
Residential
7,173
Single Family
4,953
Multi-Family
2,220
Businesses
926
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Listed by: Kadianne Thomas PA • The Corcoran Group
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11697098
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.