4299 NW 16 Th Street #108Fort LauderdaleFL33313
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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 4299 NW 16 Th Street #108, Fort Lauderdale, FL, 33313 generates $918/mo in rent and, after a $587/mo payment, leaves $122/mo in cash flow. Total monthly income is $918/mo, and annual cash flow is $1,464/yr on $39,780 invested. Return on cash invested sits at 23.59% in year one, and rental yield is 9.18% on a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 123.13% and total cumulative return in cash sums $48,979. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $918/mo property income rather than buyer’s personal income.
Condo
Built in 1967
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33313, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,584 (100%) |
| Owner Occupied HU | 10,165 (41.3%) |
| Renter Occupied HU | 12,317 (50.1%) |
| Vacant Housing Units | 2,102 ( 8.6%) |
| Median Home Value | $275,847 |
| Average Home Value | $312,425 |
Housing Distribution
Address Breakdown
Residential
24,113
Single Family
12,330
Multi-Family
11,783
Businesses
1,258
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Listed by: Madeleine Gilbert • Blue View Real Estate
Mls Name: BeachesMLS
Mls ID: #F10545389