3051 NE 48th St #509Fort LauderdaleFL33308
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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 3051 NE 48th St #509, Fort Lauderdale, FL, 33308 listed at $479,000 pairs $3,689/mo rent with a $2,344/mo payment to leave $511/mo cash flow. Total monthly income runs $3,689/mo, and annual cash flow reaches $6,129/yr on $158,789 cash to close. Return on cash invested measures 23.77% in year one, and rental yield registers 9.24% at a $479,000 basis. Equity gained on principal adds $3,091/yr, and annual property appreciation at 5% supports $132,339 by year five. Five-year ROI tracks 124.12% and total cumulative return in cash totals $197,091. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,689/mo property income relative to a $2,344/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33308, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,285 (100%) |
| Owner Occupied HU | 11,743 (48.4%) |
| Renter Occupied HU | 5,314 (21.9%) |
| Vacant Housing Units | 7,228 (29.8%) |
| Median Home Value | $710,489 |
| Average Home Value | $814,851 |
Housing Distribution
Address Breakdown
Residential
21,128
Single Family
6,376
Multi-Family
14,752
Businesses
1,456
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Listed by: Mike Batchelder • Compass Florida, LLC
Mls Name: BeachesMLS
Mls ID: #F10545803