2901 NW 47th Ter APT 248BFort LauderdaleFL33313
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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 2901 NW 47th Ter APT 248B, Fort Lauderdale, FL, 33313 offers a 9.02% rental yield on a $107,500 purchase with $808/mo rent. Total monthly income registers $808/mo, and a $526/mo payment leaves $95/mo available for distribution. Annual cash flow reaches $1,137/yr on $35,636 to close, and return on cash invested stands at 23.1% in year one. Equity gained on principal adds $694/yr while 5% annual appreciation supports $29,700 over five years. Portfolio math shows five-year ROI at 120.57% and total cumulative return in cash at $42,967. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $808/mo property income against a $526/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1969
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
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Listed by: Rosibel Perez PA • United Real Estate Advisors
Mls Name: MIAMI
Mls ID: #A11943396