185 NE 20th Ct #9FWilton ManorsFL33305
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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 Wilton Manors at 185 NE 20th Ct #9F, Wilton Manors, FL, 33305 uses $105,749 cash to close to unlock $9,545/yr annual cash flow and $795/mo monthly cash flow. Total monthly income runs $2,912/mo, and a $1,561/mo payment keeps the spread at $795/mo. Purchase price stands at $319,000, and rental yield measures 10.95% with $2,912/mo rent. Return on cash invested shows 28.94% in year one, and 5% annual appreciation builds toward $88,134 over five years. Five-year ROI reaches 151.86% and total cumulative return in cash records $160,585. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,912/mo property income covering a $1,561/mo payment rather than investor’s personal income.
Townhouse
Built in 1972
N/A 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: Robert Ruthardt • NextHome Realty Professionals
Mls Name: BeachesMLS
Mls ID: #F10523901