631 NE 56th CtOakland 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
Investment property for sale in Oakland Park at 631 NE 56th Ct, Oakland Park, FL, 33334 offers a 11.18% rental yield on a $425,000 purchase with $3,959/mo rent. Total monthly income registers $3,959/mo, and a $2,080/mo payment leaves $1,139/mo available for distribution. Annual cash flow reaches $13,665/yr on $140,888 to close, and return on cash invested stands at 29.61% in year one. Equity gained on principal adds $2,742/yr while 5% annual appreciation supports $117,420 over five years. Portfolio math shows five-year ROI at 155.44% and total cumulative return in cash at $218,993. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,959/mo property income against a $2,080/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
6,007 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: Debra Flynn • One Sotheby's International Realty
Mls Name: MIAMI
Mls ID: #A11939113