1606 NE 15th AvFort LauderdaleFL33305
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1606 NE 15th Av, Fort Lauderdale, FL, 33305 generates $5,730/mo in rent and, after a $3,617/mo payment, leaves $826/mo in cash flow. Total monthly income is $5,730/mo, and annual cash flow is $9,911/yr on $243,131 invested. Return on cash invested sits at 24.14% in year one, and rental yield is 9.3% on a $739,000 entry. Equity gained on principal adds $4,769/yr, while 5% annual appreciation builds toward $204,172 over five years. Five-year ROI reaches 126.06% and total cumulative return in cash sums $306,500. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,730/mo property income rather than buyer’s personal income.
Single Family
Built in 1964
6,503 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: George Coloney • The Keyes Company
Mls Name: BeachesMLS
Mls ID: #F10513780