231 SW 29th AveFort LauderdaleFL33312
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 231 SW 29th Ave, Fort Lauderdale, FL, 33312 offers a 8.9% rental yield on a $479,000 purchase with $3,551/mo rent. Total monthly income registers $3,551/mo, and a $2,344/mo payment leaves $373/mo available for distribution. Annual cash flow reaches $4,473/yr on $158,789 to close, and return on cash invested stands at 22.73% in year one. Equity gained on principal adds $3,091/yr while 5% annual appreciation supports $132,339 over five years. Portfolio math shows five-year ROI at 118.53% and total cumulative return in cash at $188,211. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,551/mo property income against a $2,344/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
6,751 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33312, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,901 (100%) |
| Owner Occupied HU | 11,493 (52.5%) |
| Renter Occupied HU | 8,606 (39.3%) |
| Vacant Housing Units | 1,802 ( 8.2%) |
| Median Home Value | $496,219 |
| Average Home Value | $602,182 |
Housing Distribution
Address Breakdown
Residential
20,452
Single Family
15,849
Multi-Family
4,603
Businesses
1,991
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kelaurore Zamor • Zamor Real Estate Group, LLC
Mls Name: BeachesMLS
Mls ID: #F10540606