16830 SW 62nd StSouthwest RanchesFL33331
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 16830 SW 62nd St, Southwest Ranches, FL, 33331 in Southwest Ranches. At $1,950,000 it earns $14,356/mo in rent and distributes $1,415/mo to the owner after the $8,768/mo payment, a consistent 8.83% yield. DSCR 1.64 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $538,749 in value; $17,960/yr in principal paydown compounds ownership stake. Total projected return: $834,297.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 5.0% |
| Monthly Cash Flow | $1,415 | $300 |
City averages based on Southwest Ranches market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $14,356 |
| Total Monthly Debt Service | $12,165 |
| DSCR Ratio | 1.18x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1986
1.01 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1986
1.01 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices