5200 NE 24th Ter UNIT C212Fort LauderdaleFL33308
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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 5200 NE 24th Ter UNIT C212, Fort Lauderdale, FL, 33308 uses $82,544 cash to close to unlock $646/yr annual cash flow and $54/mo monthly cash flow. Total monthly income runs $2,404/mo, and a $1,219/mo payment keeps the spread at $54/mo. Purchase price stands at $249,000, and rental yield measures 11.59% with $2,404/mo rent. Return on cash invested shows 20.69% in year one, and 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 111.3% and total cumulative return in cash records $91,868. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,404/mo property income covering a $1,219/mo payment rather than investor’s personal income.
Condo
Built in 1965
N/A lot
$N/A/sqft
$590 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33308, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,285 (100%) |
| Owner Occupied HU | 11,743 (48.4%) |
| Renter Occupied HU | 5,314 (21.9%) |
| Vacant Housing Units | 7,228 (29.8%) |
| Median Home Value | $710,489 |
| Average Home Value | $814,851 |
Housing Distribution
Address Breakdown
Residential
21,128
Single Family
6,376
Multi-Family
14,752
Businesses
1,456
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Listed by: Gregory Lancry • Douglas Elliman
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10467143
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.