3100 NE 48th St APT 709Fort 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 3100 NE 48th St APT 709, Fort Lauderdale, FL, 33308 uses $148,844 cash to close to unlock $1,704/yr annual cash flow and $142/mo monthly cash flow. Total monthly income runs $3,122/mo, and a $2,198/mo payment keeps the spread at $142/mo. Purchase price stands at $449,000, and rental yield measures 8.34% with $3,122/mo rent. Return on cash invested shows 21.05% in year one, and 5% annual appreciation builds toward $124,050 over five years. Five-year ROI reaches 109.55% and total cumulative return in cash records $163,060. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,122/mo property income covering a $2,198/mo payment rather than investor’s personal income.
Condo
Built in 1978
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: N/A • N/A
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