6240 NE 20th WayFort 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
Rental property for sale in Fort Lauderdale at 6240 NE 20th Way, Fort Lauderdale, FL, 33308 generates $6,907/mo in rent and, after a $4,160/mo payment, leaves $1,267/mo in cash flow. Total monthly income is $6,907/mo, and annual cash flow is $15,199/yr on $279,650 invested. Return on cash invested sits at 25.5% in year one, and rental yield is 9.75% on a $850,000 entry. Equity gained on principal adds $5,485/yr, while 5% annual appreciation builds toward $234,839 over five years. Five-year ROI reaches 133.36% and total cumulative return in cash sums $372,934. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,907/mo property income rather than buyer’s personal income.
Single Family
Built in 1967
7,819 sqft 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: Meir Tenenbaum • Cardinal Realty Group, LLC.
Mls Name: MIAMI
Mls ID: #A11936722