2970 NE 16th Ave #211Oakland ParkFL33334
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 Oakland Park at 2970 NE 16th Ave #211, Oakland Park, FL, 33334 earns $519/mo cash flow from $1,896/mo rent with a $1,016/mo payment. Total monthly income totals $1,896/mo, and annual cash flow totals $6,223/yr on $68,786 capital. ROI tracks 28.96% on current figures, and rental yield reads 10.96% at a $207,500 purchase. Equity gained on principal adds $1,339/yr, and 5% annual appreciation supports $57,328 over five years. Five-year ROI reaches 151.96% and total cumulative return in cash sums $104,531. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,896/mo property income instead of your personal income.
Condo
Built in 1965
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cliff Glansen • FlatFee.com
Mls Name: BeachesMLS
Mls ID: #F10535683