2029 NW 46th Avenue #E204Fort LauderdaleFL33313
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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 2029 NW 46th Avenue #E204, Fort Lauderdale, FL, 33313 uses $45,747 cash to close to unlock $2,132/yr annual cash flow and $178/mo monthly cash flow. Total monthly income runs $1,093/mo, and a $675/mo payment keeps the spread at $178/mo. Purchase price stands at $138,000, and rental yield measures 9.5% with $1,093/mo rent. Return on cash invested shows 24.57% in year one, and 5% annual appreciation builds toward $38,127 over five years. Five-year ROI reaches 128.44% and total cumulative return in cash records $58,758. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,093/mo property income covering a $675/mo payment rather than investor’s personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33313, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,584 (100%) |
| Owner Occupied HU | 10,165 (41.3%) |
| Renter Occupied HU | 12,317 (50.1%) |
| Vacant Housing Units | 2,102 ( 8.6%) |
| Median Home Value | $275,847 |
| Average Home Value | $312,425 |
Housing Distribution
Address Breakdown
Residential
24,113
Single Family
12,330
Multi-Family
11,783
Businesses
1,258
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Listed by: Daniel Karp • Keller Williams Realty Boca Raton
Mls Name: BeachesMLS
Mls ID: #RX-11098179