2939 NE 60th St #2939Fort LauderdaleFL33308
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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 2939 NE 60th St #2939, Fort Lauderdale, FL, 33308 offers a 10.11% rental yield on a $419,000 purchase with $3,529/mo rent. Total monthly income registers $3,529/mo, and a $2,051/mo payment leaves $748/mo available for distribution. Annual cash flow reaches $8,979/yr on $138,899 to close, and return on cash invested stands at 26.37% in year one. Equity gained on principal adds $2,704/yr while 5% annual appreciation supports $115,762 over five years. Portfolio math shows five-year ROI at 138.12% and total cumulative return in cash at $191,849. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,529/mo property income against a $2,051/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33308, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,285 (100%) |
| Owner Occupied HU | 11,743 (48.4%) |
| Renter Occupied HU | 5,314 (21.9%) |
| Vacant Housing Units | 7,228 (29.8%) |
| Median Home Value | $710,489 |
| Average Home Value | $814,851 |
Housing Distribution
Address Breakdown
Residential
21,128
Single Family
6,376
Multi-Family
14,752
Businesses
1,456
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Listed by: Mario Avalos • K & A Realty
Mls Name: MIAMI
Mls ID: #A11950624