5208 NW 18th Ct #2KFort 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 5208 NW 18th Ct #2K, Fort Lauderdale, FL, 33313 uses $56,355 cash to close to unlock $2,219/yr annual cash flow and $185/mo monthly cash flow. Total monthly income runs $1,313/mo, and a $832/mo payment keeps the spread at $185/mo. Purchase price stands at $170,000, and rental yield measures 9.27% with $1,313/mo rent. Return on cash invested shows 23.85% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 124.56% and total cumulative return in cash records $70,197. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,313/mo property income covering a $832/mo payment rather than investor’s personal income.
Condo
Built in 1972
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: Janice A Scott • EXP Realty LLC
Mls Name: BeachesMLS
Mls ID: #F10526045