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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% |
Rental property for sale in Fort Lauderdale at 1998 SW 16th Ct, Fort Lauderdale, FL, 33312 generates $9,070/mo in rent, after a $9,765/mo payment. Total monthly income is $9,070/mo. Return on cash invested sits at 12.63% in year one, and rental yield is 5.46% on a $1,995,000 entry. Equity gained on principal adds $12,873/yr, while 5% annual appreciation builds toward $551,182 over five years. Five-year ROI reaches 64.3% and total cumulative return in cash sums $415,653. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $9,070/mo property income rather than buyer’s personal income.
Single Family
Built in 1972
6,547 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 33312, Fort Lauderdale, FL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,901 (100%) |
| Owner Occupied HU | 11,493 (52.5%) |
| Renter Occupied HU | 8,606 (39.3%) |
| Vacant Housing Units | 1,802 ( 8.2%) |
| Median Home Value | $496,219 |
| Average Home Value | $602,182 |
Residential
20,452
Single Family
15,849
Multi-Family
4,603
Businesses
1,991
Date | Event | Price |
|---|---|---|
| 2025-07-30 | Price change | $1,995,000 |
| 2024-06-19 | Price change | $2,399,000 |
| 2024-05-04 | Listed for sale | $2,599,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-18 | $14065.69 | 5.79% | $567,750 | 10.00% |
| 2023-09-18 | $13295.81 | 35.98% | $516,140 | 10.00% |
| 2022-09-18 | $9777.68 | 15.29% | $469,220 | 10.00% |
Listed by: Irene Medina PA • United Realty Group Inc.
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11880601
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.
