2111 NW 56th Ave #6BFort 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 2111 NW 56th Ave #6B, Fort Lauderdale, FL, 33313 uses $72,764 cash to close to unlock $3,712/yr annual cash flow and $309/mo monthly cash flow. Total monthly income runs $2,303/mo, and a $1,074/mo payment keeps the spread at $309/mo. Purchase price stands at $219,500, and rental yield measures 12.59% with $2,303/mo rent. Return on cash invested shows 25.01% in year one, and 5% annual appreciation builds toward $60,644 over five years. Five-year ROI reaches 134.04% and total cumulative return in cash records $97,534. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,303/mo property income covering a $1,074/mo payment rather than investor’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
$304 monthly 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: N/A • N/A
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Mls ID: #N/A