3128 NW 123rd AvenueFort LauderdaleFL33323
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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 3128 NW 123rd Avenue, Fort Lauderdale, FL, 33323 offers a 9.74% rental yield on a $609,900 purchase with $4,948/mo rent. Total monthly income registers $4,948/mo, and a $2,985/mo payment leaves $901/mo available for distribution. Annual cash flow reaches $10,809/yr on $200,657 to close, and return on cash invested stands at 25.45% in year one. Equity gained on principal adds $3,936/yr while 5% annual appreciation supports $168,504 over five years. Portfolio math shows five-year ROI at 133.09% and total cumulative return in cash at $267,060. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,948/mo property income against a $2,985/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1988
5,991 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33323, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,605 (100%) |
| Owner Occupied HU | 6,072 (63.2%) |
| Renter Occupied HU | 2,716 (28.3%) |
| Vacant Housing Units | 817 ( 8.5%) |
| Median Home Value | $535,546 |
| Average Home Value | $594,867 |
Housing Distribution
Address Breakdown
Residential
8,733
Single Family
6,145
Multi-Family
2,588
Businesses
788
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Listed by: Eric A Willner • EXP Realty LLC
Mls Name: BeachesMLS
Mls ID: #RX-11101367