3990 NW 42nd Ave #305Fort LauderdaleFL33319
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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 3990 NW 42nd Ave #305, Fort Lauderdale, FL, 33319 uses $51,382 cash to close to unlock $1,740/yr annual cash flow and $145/mo monthly cash flow. Total monthly income runs $1,174/mo, and a $759/mo payment keeps the spread at $145/mo. Purchase price stands at $154,999, and rental yield measures 9.09% with $1,174/mo rent. Return on cash invested shows 23.3% in year one, and 5% annual appreciation builds toward $42,823 over five years. Five-year ROI reaches 121.71% and total cumulative return in cash records $62,535. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,174/mo property income covering a $759/mo payment rather than investor’s personal income.
Condo
Built in 1973
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
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Listed by: Laura Sanders • RE/MAX Direct
Mls Name: BeachesMLS
Mls ID: #F10546673