511 SE 5th Ave #1216Fort LauderdaleFL33301
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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 511 SE 5th Ave #1216, Fort Lauderdale, FL, 33301 earns $901/mo cash flow from $5,872/mo rent with a $3,666/mo payment. Total monthly income totals $5,872/mo, and annual cash flow totals $10,818/yr on $246,421 capital. ROI tracks 24.45% on current figures, and rental yield reads 9.41% at a $749,000 purchase. Equity gained on principal adds $4,833/yr, and 5% annual appreciation supports $206,935 over five years. Five-year ROI reaches 127.75% and total cumulative return in cash sums $314,812. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,872/mo property income instead of your personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33301, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,200 (100%) |
| Owner Occupied HU | 4,658 (27.1%) |
| Renter Occupied HU | 9,032 (52.5%) |
| Vacant Housing Units | 3,510 (20.4%) |
| Median Home Value | $888,968 |
| Average Home Value | $1,108,483 |
Housing Distribution
Address Breakdown
Residential
15,368
Single Family
3,636
Multi-Family
11,732
Businesses
1,279
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Listed by: Jason Taub • Taub Real Estate, Inc
Mls Name: BeachesMLS
Mls ID: #F10546897