1649 NE 8th 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
Rental property for sale in Fort Lauderdale at 1649 NE 8th Ave, Fort Lauderdale, FL, 33305 generates $7,602/mo in rent and, after a $4,185/mo payment, leaves $1,699/mo in cash flow. Total monthly income is $7,602/mo, and annual cash flow is $20,390/yr on $281,295 invested. Return on cash invested sits at 27.31% in year one, and rental yield is 10.67% on a $855,000 entry. Equity gained on principal adds $5,517/yr, while 5% annual appreciation builds toward $236,221 over five years. Five-year ROI reaches 143.44% and total cumulative return in cash sums $403,483. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,602/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
6,955 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: Eden Sade • Highlight Realty Corp
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11721171
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.