2204 NW 3rd AveWilton ManorsFL33311
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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
Rental property for sale in Wilton Manors at 2204 NW 3rd Ave, Wilton Manors, FL, 33311 generates $1,990/mo in rent, after a $3,225/mo payment. Total monthly income is $1,990/mo. Return on cash invested sits at 6.87% in year one, and rental yield is 3.62% on a $659,000 entry. Equity gained on principal adds $4,252/yr, while 5% annual appreciation builds toward $182,070 over five years. Five-year ROI reaches 33.51% and total cumulative return in cash sums $72,643. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,990/mo property income rather than buyer’s personal income.
Multi Family
Built in 1974
8,202 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33311, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,271 (100%) |
| Owner Occupied HU | 10,998 (40.3%) |
| Renter Occupied HU | 14,421 (52.9%) |
| Vacant Housing Units | 1,852 ( 6.8%) |
| Median Home Value | $362,464 |
| Average Home Value | $412,448 |
Housing Distribution
Address Breakdown
Residential
25,408
Single Family
19,202
Multi-Family
6,206
Businesses
2,571
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Listed by: Michael J Trottier • The Agency Florida LLC
Mls Name: BeachesMLS
Mls ID: #F10539713