5321 NE 24th Ter #504AFort 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 5321 NE 24th Ter #504A, Fort Lauderdale, FL, 33308 uses $90,831 cash to close to unlock $8,289/yr annual cash flow and $691/mo monthly cash flow. Total monthly income runs $2,509/mo, and a $1,341/mo payment keeps the spread at $691/mo. Purchase price stands at $274,000, and rental yield measures 10.99% with $2,509/mo rent. Return on cash invested shows 29.04% in year one, and 5% annual appreciation builds toward $75,701 over five years. Five-year ROI reaches 152.38% and total cumulative return in cash records $138,405. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,509/mo property income covering a $1,341/mo payment rather than investor’s personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
No 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: Abbe Raymond-Dow • LoKation
Mls Name: BeachesMLS
Mls ID: #F10525362