520 SE 5th Ave #1202Fort 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
Rental property for sale in Fort Lauderdale at 520 SE 5th Ave #1202, Fort Lauderdale, FL, 33301 generates $2,494/mo in rent, after a $1,982/mo payment. Total monthly income is $2,494/mo. Return on cash invested sits at 18.18% in year one, and rental yield is 7.39% on a $404,900 entry. Equity gained on principal adds $2,613/yr, while 5% annual appreciation builds toward $111,866 over five years. Five-year ROI reaches 94.16% and total cumulative return in cash sums $126,390. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,494/mo property income rather than buyer’s personal income.
Condo
Built in 2001
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: Rick Grosch • Jalmark Realty Inc At Pembroke Lakes
Mls Name: BeachesMLS
Mls ID: #F10525161