4245 NW 114th AveFort LauderdaleFL33323
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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
Rental property for sale in Fort Lauderdale at 4245 NW 114th Ave, Fort Lauderdale, FL, 33323 generates $4,560/mo in rent and, after a $2,643/mo payment, leaves $977/mo in cash flow. Total monthly income is $4,560/mo, and annual cash flow is $11,720/yr on $177,627 invested. Return on cash invested sits at 26.66% in year one, and rental yield is 10.14% on a $539,900 entry. Equity gained on principal adds $3,484/yr, while 5% annual appreciation builds toward $149,164 over five years. Five-year ROI reaches 139.6% and total cumulative return in cash sums $247,975. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,560/mo property income rather than buyer’s personal income.
Single Family
Built in 1980
5,998 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33323, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,605 (100%) |
| Owner Occupied HU | 6,072 (63.2%) |
| Renter Occupied HU | 2,716 (28.3%) |
| Vacant Housing Units | 817 ( 8.5%) |
| Median Home Value | $535,546 |
| Average Home Value | $594,867 |
Housing Distribution
Address Breakdown
Residential
8,733
Single Family
6,145
Multi-Family
2,588
Businesses
788
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Listed by: Marcus Edwards • Redfin Corporation
Mls Name: BeachesMLS
Mls ID: #F10544860