3050 NE 16th Ave APT 407Fort 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 3050 NE 16th Ave APT 407, Fort Lauderdale, FL, 33334 offers a 10.76% rental yield on a $284,900 purchase with $2,555/mo rent. Total monthly income registers $2,555/mo, and a $1,394/mo payment leaves $665/mo available for distribution. Annual cash flow reaches $7,978/yr on $94,444 to close, and return on cash invested stands at 28.36% in year one. Equity gained on principal adds $1,838/yr while 5% annual appreciation supports $78,713 over five years. Portfolio math shows five-year ROI at 148.72% and total cumulative return in cash at $140,459. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,555/mo property income against a $1,394/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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: Jarrod Gaylis • Perfect Properties of Florida Real Estate
Mls Name: MIAMI
Mls ID: #A11914985