6597 Salem StNorth LauderdaleFL33068
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 North Lauderdale at 6597 Salem St, North Lauderdale, FL, 33068 generates $3,642/mo in rent and, after a $2,374/mo payment, leaves $423/mo in cash flow. Total monthly income is $3,642/mo, and annual cash flow is $5,079/yr on $160,778 invested. Return on cash invested sits at 23.07% in year one, and rental yield is 9.01% on a $485,000 entry. Equity gained on principal adds $3,130/yr, while 5% annual appreciation builds toward $133,997 over five years. Five-year ROI reaches 120.38% and total cumulative return in cash sums $193,538. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,642/mo property income rather than buyer’s personal income.
Single Family
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33068, Pompano Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,276 (100%) |
| Owner Occupied HU | 10,191 (55.8%) |
| Renter Occupied HU | 7,006 (38.3%) |
| Vacant Housing Units | 1,079 ( 5.9%) |
| Median Home Value | $351,558 |
| Average Home Value | $407,427 |
Housing Distribution
Address Breakdown
Residential
18,138
Single Family
12,286
Multi-Family
5,852
Businesses
556
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Katty Martinez • Selected Homes Realty LLC
Mls Name: BeachesMLS
Mls ID: #F10543112