2061 NW 47th Ter APT 407Fort 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 2061 NW 47th Ter APT 407, Fort Lauderdale, FL, 33313 listed at $140,000 pairs $1,078/mo rent with a $685/mo payment to leave $149/mo cash flow. Total monthly income runs $1,078/mo, and annual cash flow reaches $1,790/yr on $46,410 cash to close. Return on cash invested measures 23.77% in year one, and rental yield registers 9.24% at a $140,000 basis. Equity gained on principal adds $903/yr, and annual property appreciation at 5% supports $38,679 by year five. Five-year ROI tracks 124.21% and total cumulative return in cash totals $57,646. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,078/mo property income relative to a $685/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
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
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Listed by: Abdulla Richards • AR1 State of the Art Real Estate, Inc.
Mls Name: MIAMI
Mls ID: #A11873206