621 NE 61st StOakland ParkFL33334
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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 Oakland Park at 621 NE 61st St, Oakland Park, FL, 33334 generates $3,696/mo in rent and, after a $2,031/mo payment, leaves $942/mo in cash flow. Total monthly income is $3,696/mo, and annual cash flow is $11,307/yr on $137,573 invested. Return on cash invested sits at 28.13% in year one, and rental yield is 10.69% on a $415,000 entry. Equity gained on principal adds $2,678/yr, while 5% annual appreciation builds toward $114,657 over five years. Five-year ROI reaches 147.52% and total cumulative return in cash sums $202,941. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,696/mo property income rather than buyer’s personal income.
Single Family
Built in 1958
7,238 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33334, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,055 (100%) |
| Owner Occupied HU | 7,362 (48.9%) |
| Renter Occupied HU | 6,304 (41.9%) |
| Vacant Housing Units | 1,389 ( 9.2%) |
| Median Home Value | $551,236 |
| Average Home Value | $594,118 |
Housing Distribution
Address Breakdown
Residential
14,115
Single Family
9,540
Multi-Family
4,575
Businesses
2,196
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Listed by: Niva Telfort • NTD 1ST Class Realty Miami
Mls Name: MIAMI
Mls ID: #A11899287