3309 SW 16th StFort LauderdaleFL33312
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 3309 SW 16th St, Fort Lauderdale, FL, 33312 generates $4,315/mo in rent and, after a $2,643/mo payment, leaves $732/mo in cash flow. Total monthly income is $4,315/mo, and annual cash flow is $8,778/yr on $177,660 invested. Return on cash invested sits at 25% in year one, and rental yield is 9.59% on a $540,000 entry. Equity gained on principal adds $3,485/yr, while 5% annual appreciation builds toward $149,192 over five years. Five-year ROI reaches 130.71% and total cumulative return in cash sums $232,226. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,315/mo property income rather than buyer’s personal income.
Single Family
Built in 1954
7,873 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33312, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,901 (100%) |
| Owner Occupied HU | 11,493 (52.5%) |
| Renter Occupied HU | 8,606 (39.3%) |
| Vacant Housing Units | 1,802 ( 8.2%) |
| Median Home Value | $496,219 |
| Average Home Value | $602,182 |
Housing Distribution
Address Breakdown
Residential
20,452
Single Family
15,849
Multi-Family
4,603
Businesses
1,991
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cindy Ramos-Leal • LPT Realty, LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11842263
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.