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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Fort Lauderdale at 5961 NW 61st Ave APT 311, Fort Lauderdale, FL, 33319 listed at $120,000 pairs $911/mo rent with a $587/mo payment. Total monthly income runs $911/mo. Return on cash invested measures 4.17% in year one, and rental yield registers 9.11% at a $120,000 basis. Equity gained on principal adds $774/yr, and annual property appreciation at 5% supports $33,154 by year five. Five-year ROI tracks 26.08% and total cumulative return in cash totals $10,375. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $911/mo property income relative to a $587/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1974
N/A lot
$N/A/sqft
$521 monthly HOA
Neighborhood data shown for ZIP Code: 33319, Fort Lauderdale, FL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,450 (100%) |
| Owner Occupied HU | 14,360 (56.4%) |
| Renter Occupied HU | 7,438 (29.2%) |
| Vacant Housing Units | 3,652 (14.3%) |
| Median Home Value | $302,525 |
| Average Home Value | $390,507 |
Residential
23,347
Single Family
10,786
Multi-Family
12,561
Businesses
988
Date | Event | Price |
|---|---|---|
| 2025-02-10 | Price change | $120,000 |
| 2025-01-08 | Price change | $125,000 |
| 2024-10-16 | Listed for sale | $131,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-14 | $2456.98 | 10.89% | $77,930 | 9.99% |
| 2023-02-14 | $2215.68 | 16.34% | $70,850 | 10.00% |
| 2022-02-14 | $1904.41 | 7.66% | $64,410 | 9.99% |
Listed by: Lou Corda • La Rosa Realty LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11677593
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
