404 NW 70th Ave #219PlantationFL33317
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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 Plantation at 404 NW 70th Ave #219, Plantation, FL, 33317 uses $69,582 cash to close to unlock $497/yr annual cash flow and $41/mo monthly cash flow. Total monthly income runs $1,434/mo, and a $1,027/mo payment keeps the spread at $41/mo. Purchase price stands at $209,900, and rental yield measures 8.2% with $1,434/mo rent. Return on cash invested shows 20.62% in year one, and 5% annual appreciation builds toward $57,992 over five years. Five-year ROI reaches 107.3% and total cumulative return in cash records $74,660. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,434/mo property income covering a $1,027/mo payment rather than investor’s personal income.
Condo
Built in 1971
N/A 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
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Listed by: Michelle White • Realty & Resources LLC
Mls Name: BeachesMLS
Mls ID: #F10541406