6150 NW 62nd St #209Fort LauderdaleFL33319
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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 6150 NW 62nd St #209, Fort Lauderdale, FL, 33319 uses $62,985 cash to close to unlock $2,629/yr annual cash flow and $219/mo monthly cash flow. Total monthly income runs $1,480/mo, and a $930/mo payment keeps the spread at $219/mo. Purchase price stands at $190,000, and rental yield measures 9.35% with $1,480/mo rent. Return on cash invested shows 24.08% in year one, and 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 125.88% and total cumulative return in cash records $79,284. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,480/mo property income covering a $930/mo payment rather than investor’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33319, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
23,347
Single Family
10,786
Multi-Family
12,561
Businesses
988
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Listed by: Martha Jerez • United Realty Group Inc.
Mls Name: BeachesMLS
Mls ID: #F10538725