1609 NE 20th 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 1609 NE 20th Ave, Fort Lauderdale, FL, 33305 earns from $5,458/mo rent with a $7,092/mo payment. Total monthly income totals $5,458/mo. ROI tracks 9.74% on current figures, and rental yield reads 4.52% at a $1,449,000 purchase. Equity gained on principal adds $9,350/yr, and 5% annual appreciation supports $400,332 over five years. Five-year ROI reaches 48.83% and total cumulative return in cash sums $229,243. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,458/mo property income instead of your personal income.
Single Family
Built in 1951
6,600 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: James Branham • The Keyes Company
Mls Name: MIAMI
Mls ID: #A11891603