701 SE 16th St APT 4Fort LauderdaleFL33316
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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 701 SE 16th St APT 4, Fort Lauderdale, FL, 33316 uses $216,087 cash to close to unlock $3,436/yr annual cash flow and $286/mo monthly cash flow. Total monthly income runs $5,084/mo, and a $3,215/mo payment keeps the spread at $286/mo. Purchase price stands at $656,800, and rental yield measures 9.29% with $5,084/mo rent. Return on cash invested shows 21.65% in year one, and 5% annual appreciation builds toward $181,462 over five years. Five-year ROI reaches 113.63% and total cumulative return in cash records $245,545. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,084/mo property income covering a $3,215/mo payment rather than investor’s personal income.
Townhouse
Built in 2007
2,334 sqft lot
$N/A/sqft
$390 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33316, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,837 (100%) |
| Owner Occupied HU | 4,013 (40.8%) |
| Renter Occupied HU | 3,445 (35.0%) |
| Vacant Housing Units | 2,379 (24.2%) |
| Median Home Value | $955,160 |
| Average Home Value | $1,128,986 |
Housing Distribution
Address Breakdown
Residential
8,599
Single Family
2,862
Multi-Family
5,737
Businesses
1,405
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