370 NW 65th AveFort LauderdaleFL33317
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderFor first-time U.S. investors or those diversifying conservatively, 370 NW 65th Ave, Fort Lauderdale, FL, 33317 in Fort Lauderdale offers a clean, manageable entry. Rental yield 7.22%. DSCR 1.34 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $118,525 in additional property value over five years, with $3,951/yr in principal equity building ownership stake. Total projected cumulative return: $146,332.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.2% | 5.8% |
| Monthly Cash Flow | $(267) | $1,850 |
City averages based on Fort Lauderdale market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,580 |
| Total Monthly Debt Service | $2,676 |
| DSCR Ratio | 0.96x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1959
6,250 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33317, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,833 (100%) |
| Owner Occupied HU | 9,685 (70.0%) |
| Renter Occupied HU | 3,561 (25.7%) |
| Vacant Housing Units | 587 ( 4.2%) |
| Median Home Value | $510,767 |
| Average Home Value | $531,472 |
Housing Distribution
Address Breakdown
Residential
13,542
Single Family
10,842
Multi-Family
2,700
Businesses
1,119
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
Single Family
Built in 1959
6,250 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33317, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,833 (100%) |
| Owner Occupied HU | 9,685 (70.0%) |
| Renter Occupied HU | 3,561 (25.7%) |
| Vacant Housing Units | 587 ( 4.2%) |
| Median Home Value | $510,767 |
| Average Home Value | $531,472 |
Housing Distribution
Address Breakdown
Residential
13,542
Single Family
10,842
Multi-Family
2,700
Businesses
1,119
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stephanie King • RE/MAX 5 Star Realty
Mls Name: BeachesMLS
Mls ID: #F10535877