2990 NW 46th Ave #115AFort 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 2990 NW 46th Ave #115A, Fort Lauderdale, FL, 33313 listed at $224,999 pairs $2,105/mo rent with a $1,101/mo payment to leave $612/mo cash flow. Total monthly income runs $2,105/mo, and annual cash flow reaches $7,346/yr on $74,587 cash to close. Return on cash invested measures 29.76% in year one, and rental yield registers 11.23% at a $224,999 basis. Equity gained on principal adds $1,452/yr, and annual property appreciation at 5% supports $62,163 by year five. Five-year ROI tracks 156.31% and total cumulative return in cash totals $116,589. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,105/mo property income relative to a $1,101/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1972
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: Denise Stewart • Keller Williams Realty Profess
Mls Name: BeachesMLS
Mls ID: #F10527926