4311 NW 16th St APT B103Fort 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
Investment property for sale in Fort Lauderdale at 4311 NW 16th St APT B103, Fort Lauderdale, FL, 33313 uses $44,421 cash to close to unlock $1,615/yr annual cash flow and $135/mo monthly cash flow. Total monthly income runs $1,024/mo, and a $656/mo payment keeps the spread at $135/mo. Purchase price stands at $134,000, and rental yield measures 9.17% with $1,024/mo rent. Return on cash invested shows 23.55% in year one, and 5% annual appreciation builds toward $37,022 over five years. Five-year ROI reaches 122.97% and total cumulative return in cash records $54,623. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,024/mo property income covering a $656/mo payment rather than investor’s personal income.
Condo
Built in 1968
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: Martine Marcel • Charles Rutenberg Realty FTL
Mls Name: MIAMI
Mls ID: #A11894453