2124 NE 56th Ct #209Fort LauderdaleFL33308
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 2124 NE 56th Ct #209, Fort Lauderdale, FL, 33308 uses $36,134 cash to close to unlock $1,358/yr annual cash flow and $113/mo monthly cash flow. Total monthly income runs $837/mo, and a $534/mo payment keeps the spread at $113/mo. Purchase price stands at $109,000, and rental yield measures 9.21% with $837/mo rent. Return on cash invested shows 23.67% in year one, and 5% annual appreciation builds toward $30,115 over five years. Five-year ROI reaches 123.7% and total cumulative return in cash records $44,698. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $837/mo property income covering a $534/mo payment rather than investor’s personal income.
Condo
Built in 1966
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33308, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,285 (100%) |
| Owner Occupied HU | 11,743 (48.4%) |
| Renter Occupied HU | 5,314 (21.9%) |
| Vacant Housing Units | 7,228 (29.8%) |
| Median Home Value | $710,489 |
| Average Home Value | $814,851 |
Housing Distribution
Address Breakdown
Residential
21,128
Single Family
6,376
Multi-Family
14,752
Businesses
1,456
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ruth Ahlemeier • Move Me Realty
Mls Name: BeachesMLS
Mls ID: #F10545926