687 NW 42nd AveFort LauderdaleFL33317
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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 687 NW 42nd Ave, Fort Lauderdale, FL, 33317 earns $418/mo cash flow from $2,807/mo rent with a $1,762/mo payment. Total monthly income totals $2,807/mo, and annual cash flow totals $5,016/yr on $119,340 capital. ROI tracks 24.11% on current figures, and rental yield reads 9.36% at a $360,000 purchase. Equity gained on principal adds $2,323/yr, and 5% annual appreciation supports $99,461 over five years. Five-year ROI reaches 125.95% and total cumulative return in cash sums $150,309. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,807/mo property income instead of your personal income.
Townhouse
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33317, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,833 (100%) |
| Owner Occupied HU | 9,685 (70.0%) |
| Renter Occupied HU | 3,561 (25.7%) |
| Vacant Housing Units | 587 ( 4.2%) |
| Median Home Value | $510,767 |
| Average Home Value | $531,472 |
Housing Distribution
Address Breakdown
Residential
13,542
Single Family
10,842
Multi-Family
2,700
Businesses
1,119
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Listed by: Maria Rodriguez • Yaffe International Realty
Mls Name: MIAMI
Mls ID: #A11933472