3400 NW 48th Avenue #512Fort LauderdaleFL33319
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
Investment property for sale in Fort Lauderdale at 3400 NW 48th Avenue #512, Fort Lauderdale, FL, 33319 uses $38,123 cash to close to unlock $1,365/yr annual cash flow and $114/mo monthly cash flow. Total monthly income runs $877/mo, and a $563/mo payment keeps the spread at $114/mo. Purchase price stands at $115,000, and rental yield measures 9.15% with $877/mo rent. Return on cash invested shows 23.49% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 122.63% and total cumulative return in cash records $46,749. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $877/mo property income covering a $563/mo payment rather than investor’s personal income.
Condo
Built in 1975
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33319, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,450 (100%) |
| Owner Occupied HU | 14,360 (56.4%) |
| Renter Occupied HU | 7,438 (29.2%) |
| Vacant Housing Units | 3,652 (14.3%) |
| Median Home Value | $302,525 |
| Average Home Value | $390,507 |
Housing Distribution
Address Breakdown
Residential
23,347
Single Family
10,786
Multi-Family
12,561
Businesses
988
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sevket Soysal • Lead Consulting Group LLC
Mls Name: BeachesMLS
Mls ID: #RX-11146441