3001 NW 48th Avenue #240Fort 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 3001 NW 48th Avenue #240, Fort Lauderdale, FL, 33313 earns $120/mo cash flow from $837/mo rent with a $529/mo payment. Total monthly income totals $837/mo, and annual cash flow totals $1,439/yr on $35,802 capital. ROI tracks 23.93% on current figures, and rental yield reads 9.3% at a $108,000 purchase. Equity gained on principal adds $697/yr, and 5% annual appreciation supports $29,838 over five years. Five-year ROI reaches 124.98% and total cumulative return in cash sums $44,744. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $837/mo property income instead of your personal income.
Condo
Built in 1980
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: Sophye Nolet • Florida Realty Agency
Mls Name: BeachesMLS
Mls ID: #RX-11118442