5245 SW 38th AveFort LauderdaleFL33312
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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 5245 SW 38th Ave, Fort Lauderdale, FL, 33312 generates $5,716/mo in rent, after a $4,846/mo payment. Total monthly income is $5,716/mo. Return on cash invested sits at 16.91% in year one, and rental yield is 6.93% on a $990,000 entry. Equity gained on principal adds $6,388/yr, while 5% annual appreciation builds toward $273,519 over five years. Five-year ROI reaches 87.33% and total cumulative return in cash sums $284,432. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,716/mo property income rather than buyer’s personal income.
Single Family
Built in 2000
6,006 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33312, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,901 (100%) |
| Owner Occupied HU | 11,493 (52.5%) |
| Renter Occupied HU | 8,606 (39.3%) |
| Vacant Housing Units | 1,802 ( 8.2%) |
| Median Home Value | $496,219 |
| Average Home Value | $602,182 |
Housing Distribution
Address Breakdown
Residential
20,452
Single Family
15,849
Multi-Family
4,603
Businesses
1,991
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Listed by: Karine Zeitoune • United Realty Group Inc
Mls Name: MIAMI
Mls ID: #A11911120