401 SW 4th Ave #1602Fort LauderdaleFL33315
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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 401 SW 4th Ave #1602, Fort Lauderdale, FL, 33315 earns $597/mo cash flow from $3,816/mo rent with a $2,374/mo payment. Total monthly income totals $3,816/mo, and annual cash flow totals $7,167/yr on $160,778 capital. ROI tracks 24.37% on current figures, and rental yield reads 9.44% at a $485,000 purchase. Equity gained on principal adds $3,130/yr, and 5% annual appreciation supports $133,997 over five years. Five-year ROI reaches 127.36% and total cumulative return in cash sums $204,758. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,816/mo property income instead of your personal income.
Condo
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33315, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,908 (100%) |
| Owner Occupied HU | 3,604 (45.6%) |
| Renter Occupied HU | 3,261 (41.2%) |
| Vacant Housing Units | 1,043 (13.2%) |
| Median Home Value | $617,061 |
| Average Home Value | $669,168 |
Housing Distribution
Address Breakdown
Residential
7,173
Single Family
4,953
Multi-Family
2,220
Businesses
926
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Listed by: Linda Waldron • 7 East Realty LLC
Mls Name: BeachesMLS
Mls ID: #F10546328