3040 NE 16th Ave #A210Fort 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 3040 NE 16th Ave #A210, Fort Lauderdale, FL, 33334 uses $66,300 cash to close to unlock $488/yr annual cash flow and $41/mo monthly cash flow. Total monthly income runs $1,368/mo, and a $979/mo payment keeps the spread at $41/mo. Purchase price stands at $200,000, and rental yield measures 8.21% with $1,368/mo rent. Return on cash invested shows 20.65% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 107.4% and total cumulative return in cash records $71,204. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,368/mo property income covering a $979/mo payment rather than investor’s personal income.
Condo
Built in 1963
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: Janet Bledsoe • Bledsoe Real Estate
Mls Name: BeachesMLS
Mls ID: #F10536878