1708 NE 16th 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
Investment property for sale in Fort Lauderdale at 1708 NE 16th Ave, Fort Lauderdale, FL, 33305 uses $229,971 cash to close to unlock $6,139/yr annual cash flow and $512/mo monthly cash flow. Total monthly income runs $5,150/mo, and a $3,421/mo payment keeps the spread at $512/mo. Purchase price stands at $699,000, and rental yield measures 8.84% with $5,150/mo rent. Return on cash invested shows 22.73% in year one, and 5% annual appreciation builds toward $193,121 over five years. Five-year ROI reaches 118.53% and total cumulative return in cash records $272,582. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,150/mo property income covering a $3,421/mo payment rather than investor’s personal income.
Single Family
Built in 1950
8,106 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: Frank Rubino • Castelli Real Estate Services
Mls Name: BeachesMLS
Mls ID: #F10524032