604 NE 2nd St #117Dania BeachFL33004
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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 Dania Beach at 604 NE 2nd St #117, Dania Beach, FL, 33004 uses $64,643 cash to close to unlock $3,076/yr annual cash flow and $256/mo monthly cash flow. Total monthly income runs $1,550/mo, and a $954/mo payment keeps the spread at $256/mo. Purchase price stands at $195,000, and rental yield measures 9.54% with $1,550/mo rent. Return on cash invested shows 24.67% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 129% and total cumulative return in cash records $83,386. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,550/mo property income covering a $954/mo payment rather than investor’s personal income.
Condo
Built in 1969
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33004, Dania, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,960 (100%) |
| Owner Occupied HU | 3,424 (31.2%) |
| Renter Occupied HU | 5,223 (47.7%) |
| Vacant Housing Units | 2,313 (21.1%) |
| Median Home Value | $492,026 |
| Average Home Value | $560,626 |
Housing Distribution
Address Breakdown
Residential
9,457
Single Family
4,978
Multi-Family
4,479
Businesses
1,275
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Listed by: Ann Giroux • Jalmark Realty Inc At Pembroke Lakes
Mls Name: BeachesMLS
Mls ID: #F10533105