261 NE 16th Pl #303Fort LauderdaleFL33305
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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 261 NE 16th Pl #303, Fort Lauderdale, FL, 33305 earns $486/mo cash flow from $3,731/mo rent with a $2,393/mo payment. Total monthly income totals $3,731/mo, and annual cash flow totals $5,836/yr on $162,104 capital. ROI tracks 23.51% on current figures, and rental yield reads 9.16% at a $489,000 purchase. Equity gained on principal adds $3,155/yr, and 5% annual appreciation supports $135,102 over five years. Five-year ROI reaches 122.75% and total cumulative return in cash sums $198,982. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,731/mo property income instead of your personal income.
Townhouse
Built in 1987
N/A 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: Dan Hunt • RE/MAX Experience
Mls Name: BeachesMLS
Mls ID: #F10540727