640 E Melrose CirFort LauderdaleFL33312
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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 640 E Melrose Cir, Fort Lauderdale, FL, 33312 priced at $460,000 pairs $3,689/mo rent with $387/mo cash flow after a $2,251/mo payment. Total monthly income equals $3,689/mo, and annual cash flow comes to $4,643/yr on $152,490 invested. Return on cash invested is 22.95% in year one, and rental yield stands at 9.62% on a $460,000 basis. Equity gained on principal adds $2,968/yr, and 5% annual appreciation accumulates to $127,090 by year five. Five-year ROI measures 120.46% and total cumulative return in cash reaches $183,685. For financing, Ziffy Mortgage’s DSCR program evaluates $3,689/mo property income against a $2,251/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1954
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33312, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,901 (100%) |
| Owner Occupied HU | 11,493 (52.5%) |
| Renter Occupied HU | 8,606 (39.3%) |
| Vacant Housing Units | 1,802 ( 8.2%) |
| Median Home Value | $496,219 |
| Average Home Value | $602,182 |
Housing Distribution
Address Breakdown
Residential
20,452
Single Family
15,849
Multi-Family
4,603
Businesses
1,991
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Listed by: Omanesitho Jean Louis • Lifestyle International Realty
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11862600
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.