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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Southwest Ranches at 16830 SW 62nd St, Southwest Ranches, FL, 33331 earns $1,416/mo cash flow from $14,356/mo rent with a $9,544/mo payment. Total monthly income totals $14,356/mo, and annual cash flow totals $16,989/yr on $631,800 capital. ROI tracks 23.06% on current figures, and rental yield reads 8.83% at a $1,950,000 purchase. Equity gained on principal adds $12,583/yr, and 5% annual appreciation supports $538,749 over five years. Five-year ROI reaches 120.23% and total cumulative return in cash sums $759,629. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $14,356/mo property income instead of your personal income.
Single Family
Built in 1986
1.01 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 33331, Fort Lauderdale, FL area.
| 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 |
Residential
7,797
Single Family
6,970
Multi-Family
827
Businesses
413
Date | Event | Price |
|---|---|---|
| 2024-09-04 | Price change | $1,950,000 |
| 2024-06-03 | Listed for sale | $2,200,000 |
| 2004-02-17 | Sold | $450,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-12-26 | $10256.66 | 4.67% | $458,510 | 3.00% |
| 2022-12-26 | $9798.79 | 7.29% | $445,160 | 3.00% |
| 2021-12-26 | $9133.00 | 2.16% | $432,200 | 1.40% |
Listed by: Yanersi Fuentes • Enkasa, Inc.
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11598581
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.
