16135 Emerald Estates Dr #261Fort 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
Total monthly income runs $3,709/mo, and a $3,225/mo payment. Purchase price stands at $659,000, and rental yield measures 6.75% with $3,709/mo rent. Return on cash invested shows 16.39% in year one, and 5% annual appreciation builds toward $182,070 over five years. Five-year ROI reaches 84.52% and total cumulative return in cash records $183,247. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,709/mo property income covering a $3,225/mo payment rather than investor’s personal income.
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: Heather Rosenblum • Palms Realty Group
Mls Name: BeachesMLS
Mls ID: #F10544380