643 NE 18th AveFort LauderdaleFL33304
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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 643 NE 18th Ave, Fort Lauderdale, FL, 33304 offers a 9.59% rental yield on a $832,870 purchase with $6,659/mo rent. Total monthly income registers $6,659/mo, and a $4,076/mo payment leaves $1,132/mo available for distribution. Annual cash flow reaches $13,589/yr on $274,014 to close, and return on cash invested stands at 25.02% in year one. Equity gained on principal adds $5,374/yr while 5% annual appreciation supports $230,107 over five years. Portfolio math shows five-year ROI at 130.8% and total cumulative return in cash at $358,423. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,659/mo property income against a $4,076/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1951
8,881 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33304, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,109 (100%) |
| Owner Occupied HU | 5,379 (35.6%) |
| Renter Occupied HU | 6,993 (46.3%) |
| Vacant Housing Units | 2,737 (18.1%) |
| Median Home Value | $733,600 |
| Average Home Value | $905,136 |
Housing Distribution
Address Breakdown
Residential
12,657
Single Family
4,624
Multi-Family
8,033
Businesses
1,074
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Listed by: Lamar Fisher • Fisher Auction Co, Inc
Mls Name: BeachesMLS
Mls ID: #F10521521