3010 NE 16th Avenue #303Fort LauderdaleFL33334
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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 3010 NE 16th Avenue #303, Fort Lauderdale, FL, 33334 listed at $424,999 pairs $3,252/mo rent with a $2,080/mo payment to leave $432/mo cash flow. Total monthly income runs $3,252/mo, and annual cash flow reaches $5,181/yr on $140,887 cash to close. Return on cash invested measures 23.59% in year one, and rental yield registers 9.18% at a $424,999 basis. Equity gained on principal adds $2,742/yr, and annual property appreciation at 5% supports $117,419 by year five. Five-year ROI tracks 123.16% and total cumulative return in cash totals $173,512. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,252/mo property income relative to a $2,080/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: 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
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Listed by: Richard Bruno • VantaSure Realty LLC
Mls Name: BeachesMLS
Mls ID: #RX-11132511