2170 NE 51st Ct UNIT B23Fort LauderdaleFL33308
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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 2170 NE 51st Ct UNIT B23, Fort Lauderdale, FL, 33308 uses $67,958 cash to close to unlock $8,292/yr annual cash flow and $691/mo monthly cash flow. Total monthly income runs $2,051/mo, and a $1,003/mo payment keeps the spread at $691/mo. Purchase price stands at $205,000, and rental yield measures 12.01% with $2,051/mo rent. Return on cash invested shows 32.11% in year one, and 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 168.86% and total cumulative return in cash records $114,750. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,051/mo property income covering a $1,003/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
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Listed by: Christopher Ricci • RE/MAX Advance Realty II
Mls Name: MIAMI
Mls ID: #A11941582