2424 SE 17th St APT 111BFort LauderdaleFL33316
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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 2424 SE 17th St APT 111B, Fort Lauderdale, FL, 33316 earns $624/mo cash flow from $1,786/mo rent with a $857/mo payment. Total monthly income totals $1,786/mo, and annual cash flow totals $7,491/yr on $58,013 capital. ROI tracks 32.82% on current figures, and rental yield reads 12.25% at a $175,000 purchase. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,349 over five years. Five-year ROI reaches 172.73% and total cumulative return in cash sums $100,207. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,786/mo property income instead of your personal income.
Condo
Built in 1967
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33316, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,837 (100%) |
| Owner Occupied HU | 4,013 (40.8%) |
| Renter Occupied HU | 3,445 (35.0%) |
| Vacant Housing Units | 2,379 (24.2%) |
| Median Home Value | $955,160 |
| Average Home Value | $1,128,986 |
Housing Distribution
Address Breakdown
Residential
8,599
Single Family
2,862
Multi-Family
5,737
Businesses
1,405
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Listed by: Jorge Brandt • United Realty Group Inc
Mls Name: MIAMI
Mls ID: #A11851711