201 NE 16th Pl #104Fort 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
Rental property for sale in Fort Lauderdale at 201 NE 16th Pl #104, Fort Lauderdale, FL, 33305 generates $4,352/mo in rent and, after a $2,266/mo payment, leaves $1,280/mo in cash flow. Total monthly income is $4,352/mo, and annual cash flow is $15,355/yr on $153,485 invested. Return on cash invested sits at 29.91% in year one, and rental yield is 11.28% on a $463,000 entry. Equity gained on principal adds $2,988/yr, while 5% annual appreciation builds toward $127,918 over five years. Five-year ROI reaches 157.08% and total cumulative return in cash sums $241,087. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,352/mo property income rather than buyer’s personal income.
Townhouse
Built in 1988
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: Bobby O'Dor • LoKation
Mls Name: BeachesMLS
Mls ID: #F10537447