1703 NE 24th StFort 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
Investment property for sale in Fort Lauderdale at 1703 NE 24th St, Fort Lauderdale, FL, 33305 uses $221,088 cash to close to unlock $3,079/yr annual cash flow and $257/mo monthly cash flow. Total monthly income runs $4,716/mo, and a $3,289/mo payment keeps the spread at $257/mo. Purchase price stands at $672,000, and rental yield measures 8.42% with $4,716/mo rent. Return on cash invested shows 21.45% in year one, and 5% annual appreciation builds toward $185,661 over five years. Five-year ROI reaches 111.68% and total cumulative return in cash records $246,921. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,716/mo property income covering a $3,289/mo payment rather than investor’s personal income.
Single Family
Built in 1959
9,339 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: Steve Modica • Real Estate Home Sales Inc
Mls Name: BeachesMLS
Mls ID: #F10519834