503 SW 16th StFort 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 503 SW 16th St, Fort Lauderdale, FL, 33315 earns $362/mo cash flow from $6,996/mo rent with a $4,498/mo payment. Total monthly income totals $6,996/mo, and annual cash flow totals $4,345/yr on $302,351 capital. ROI tracks 21.5% on current figures, and rental yield reads 9.14% at a $919,000 purchase. Equity gained on principal adds $5,930/yr, and 5% annual appreciation supports $253,903 over five years. Five-year ROI reaches 112.7% and total cumulative return in cash sums $340,741. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,996/mo property income instead of your personal income.
Single Family
Built in 2014
3,375 sqft 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: Yohan Barreras Soltura • Prime House Realty, Inc.
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11647637
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.