2640 SW 18th StFort 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 2640 SW 18th St, Fort Lauderdale, FL, 33312 earns $2,703/mo cash flow from $6,234/mo rent with a $2,604/mo payment. Total monthly income totals $6,234/mo, and annual cash flow totals $32,441/yr on $175,028 capital. ROI tracks 38.6% on current figures, and rental yield reads 14.06% at a $531,999 purchase. Equity gained on principal adds $3,433/yr, and 5% annual appreciation supports $146,982 over five years. Five-year ROI reaches 203.62% and total cumulative return in cash sums $356,386. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,234/mo property income instead of your personal income.
Single Family
Built in 1960
7,500 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
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Listed by: Susan Garlitts • RE/MAX Consultants Realty 1
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10476199
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.