2420 NE 7th AveWilton ManorsFL33305
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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 2420 NE 7th Ave, Wilton Manors, FL, 33305 generates $4,360/mo in rent, after a $3,402/mo payment. Total monthly income is $4,360/mo. Return on cash invested sits at 18.74% in year one, and rental yield is 7.53% on a $695,000 entry. Equity gained on principal adds $4,485/yr, while 5% annual appreciation builds toward $192,016 over five years. Five-year ROI reaches 97.11% and total cumulative return in cash sums $222,054. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,360/mo property income rather than buyer’s personal income.
Single Family
Built in 1951
9,321 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33305, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,982 (100%) |
| Owner Occupied HU | 4,074 (51.0%) |
| Renter Occupied HU | 2,665 (33.4%) |
| Vacant Housing Units | 1,243 (15.6%) |
| Median Home Value | $715,647 |
| Average Home Value | $889,149 |
Housing Distribution
Address Breakdown
Residential
6,902
Single Family
4,182
Multi-Family
2,720
Businesses
488
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Listed by: Griselle Rodriguez • Coldwell Banker
Mls Name: BeachesMLS
Mls ID: #F10517433