315 NE 3rd Ave #1509Fort LauderdaleFL33301
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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 315 NE 3rd Ave #1509, Fort Lauderdale, FL, 33301 generates $3,218/mo in rent and, after a $1,782/mo payment, leaves $802/mo in cash flow. Total monthly income is $3,218/mo, and annual cash flow is $9,624/yr on $120,666 invested. Return on cash invested sits at 27.89% in year one, and rental yield is 10.61% on a $364,000 entry. Equity gained on principal adds $2,349/yr, while 5% annual appreciation builds toward $100,566 over five years. Five-year ROI reaches 146.24% and total cumulative return in cash sums $176,465. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,218/mo property income rather than buyer’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33301, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,200 (100%) |
| Owner Occupied HU | 4,658 (27.1%) |
| Renter Occupied HU | 9,032 (52.5%) |
| Vacant Housing Units | 3,510 (20.4%) |
| Median Home Value | $888,968 |
| Average Home Value | $1,108,483 |
Housing Distribution
Address Breakdown
Residential
15,368
Single Family
3,636
Multi-Family
11,732
Businesses
1,279
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Listed by: Sherri Sloan • Coldwell Banker Realty
Mls Name: BeachesMLS
Mls ID: #F10529523