1604 NE 16th AveFort LauderdaleFL33305
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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 1604 NE 16th Ave, Fort Lauderdale, FL, 33305 listed at $850,000 pairs $6,481/mo rent with a $4,160/mo payment to leave $841/mo cash flow. Total monthly income runs $6,481/mo, and annual cash flow reaches $10,087/yr on $279,650 cash to close. Return on cash invested measures 23.67% in year one, and rental yield registers 9.15% at a $850,000 basis. Equity gained on principal adds $5,485/yr, and annual property appreciation at 5% supports $234,839 by year five. Five-year ROI tracks 123.56% and total cumulative return in cash totals $345,526. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,481/mo property income relative to a $4,160/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1968
6,747 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33305, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,982 (100%) |
| Owner Occupied HU | 4,074 (51.0%) |
| Renter Occupied HU | 2,665 (33.4%) |
| Vacant Housing Units | 1,243 (15.6%) |
| Median Home Value | $715,647 |
| Average Home Value | $889,149 |
Housing Distribution
Address Breakdown
Residential
6,902
Single Family
4,182
Multi-Family
2,720
Businesses
488
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Listed by: Donna Incorvaja • Related General Realty, LLC.
Mls Name: BeachesMLS
Mls ID: #F10545464