281 NE 41st StFort LauderdaleFL33334
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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 281 NE 41st St, Fort Lauderdale, FL, 33334 uses $116,025 cash to close to unlock $485/yr annual cash flow and $40/mo monthly cash flow. Total monthly income runs $2,363/mo, and a $1,713/mo payment keeps the spread at $40/mo. Purchase price stands at $350,000, and rental yield measures 8.1% with $2,363/mo rent. Return on cash invested shows 20.33% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 105.69% and total cumulative return in cash records $122,630. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,363/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1956
10,002 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33334, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,055 (100%) |
| Owner Occupied HU | 7,362 (48.9%) |
| Renter Occupied HU | 6,304 (41.9%) |
| Vacant Housing Units | 1,389 ( 9.2%) |
| Median Home Value | $551,236 |
| Average Home Value | $594,118 |
Housing Distribution
Address Breakdown
Residential
14,115
Single Family
9,540
Multi-Family
4,575
Businesses
2,196
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Listed by: Tamika Moses • Robin Bird Realty Inc
Mls Name: MIAMI
Mls ID: #A11903111