16102 Emerald Estates Dr APT 428Fort LauderdaleFL33331
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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 16102 Emerald Estates Dr APT 428, Fort Lauderdale, FL, 33331 listed at $372,500 pairs $2,690/mo rent with a $1,823/mo payment to leave $218/mo cash flow. Total monthly income runs $2,690/mo, and annual cash flow reaches $2,619/yr on $123,484 cash to close. Return on cash invested measures 22.03% in year one, and rental yield registers 8.67% at a $372,500 basis. Equity gained on principal adds $2,404/yr, and annual property appreciation at 5% supports $102,915 by year five. Five-year ROI tracks 114.82% and total cumulative return in cash totals $141,790. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,690/mo property income relative to a $1,823/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33331, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,787 (100%) |
| Owner Occupied HU | 6,485 (83.3%) |
| Renter Occupied HU | 1,144 (14.7%) |
| Vacant Housing Units | 158 ( 2.0%) |
| Median Home Value | $691,542 |
| Average Home Value | $796,222 |
Housing Distribution
Address Breakdown
Residential
7,797
Single Family
6,970
Multi-Family
827
Businesses
413
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Listed by: Sarita Bergstein • EXP Realty LLC
Mls Name: MIAMI
Mls ID: #A11902566