2800 NW 56th Ave APT C408LauderhillFL33313
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
Rental property for sale in Lauderhill at 2800 NW 56th Ave APT C408, Lauderhill, FL, 33313 generates $897/mo in rent and, after a $563/mo payment, leaves $134/mo in cash flow. Total monthly income is $897/mo, and annual cash flow is $1,605/yr on $38,123 invested. Return on cash invested sits at 24.12% in year one, and rental yield is 9.36% on a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 126.03% and total cumulative return in cash sums $48,045. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $897/mo property income rather than buyer’s personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33313, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,584 (100%) |
| Owner Occupied HU | 10,165 (41.3%) |
| Renter Occupied HU | 12,317 (50.1%) |
| Vacant Housing Units | 2,102 ( 8.6%) |
| Median Home Value | $275,847 |
| Average Home Value | $312,425 |
Housing Distribution
Address Breakdown
Residential
24,113
Single Family
12,330
Multi-Family
11,783
Businesses
1,258
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Patricia Orsini • Principal Realty Inc.
Mls Name: MIAMI
Mls ID: #A11936213