1631 NE 60th StFort LauderdaleFL33334
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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 1631 NE 60th St, Fort Lauderdale, FL, 33334 earns $515/mo cash flow from $6,355/mo rent with a $4,307/mo payment. Total monthly income totals $6,355/mo, and annual cash flow totals $6,184/yr on $289,520 capital. ROI tracks 22.2% on current figures, and rental yield reads 8.67% at a $879,999 purchase. Equity gained on principal adds $5,678/yr, and 5% annual appreciation supports $243,128 over five years. Five-year ROI reaches 115.67% and total cumulative return in cash sums $334,892. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,355/mo property income instead of your personal income.
Single Family
Built in 1962
7,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33334, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,055 (100%) |
| Owner Occupied HU | 7,362 (48.9%) |
| Renter Occupied HU | 6,304 (41.9%) |
| Vacant Housing Units | 1,389 ( 9.2%) |
| Median Home Value | $551,236 |
| Average Home Value | $594,118 |
Housing Distribution
Address Breakdown
Residential
14,115
Single Family
9,540
Multi-Family
4,575
Businesses
2,196
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Listed by: Lesley Hare • TMI REAL ESTATE COMPANY AND RE
Mls Name: Stellar MLS
Mls ID: #D6143926