2059 NW 56th Ave #29-BFort LauderdaleFL33313
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2059 NW 56th Ave #29-B, Fort Lauderdale, FL, 33313 offers a 9.51% rental yield on a $159,900 purchase with $1,267/mo rent. Total monthly income registers $1,267/mo, and a $783/mo payment leaves $206/mo available for distribution. Annual cash flow reaches $2,466/yr on $53,007 to close, and return on cash invested stands at 24.56% in year one. Equity gained on principal adds $1,032/yr while 5% annual appreciation supports $44,177 over five years. Portfolio math shows five-year ROI at 128.42% and total cumulative return in cash at $68,070. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,267/mo property income against a $783/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1974
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Noelia Decoud • Kender Realty, Inc
Mls Name: BeachesMLS
Mls ID: #F10524575