3121 NE 51st St APT 203EFort 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
Rental property for sale in Fort Lauderdale at 3121 NE 51st St APT 203E, Fort Lauderdale, FL, 33308 generates $3,830/mo in rent, after a $2,251/mo payment. Total monthly income is $3,830/mo. Return on cash invested sits at 16.54% in year one, and rental yield is 9.99% on a $460,000 entry. Equity gained on principal adds $2,968/yr, while 5% annual appreciation builds toward $127,090 over five years. Five-year ROI reaches 88.79% and total cumulative return in cash sums $135,397. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,830/mo property income rather than buyer’s personal income.
Condo
Built in 1966
N/A lot
$N/A/sqft
$899 monthly 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: Christian Gornail • Luxe Properties
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11856566
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.