703 SE 16th Ct #703Fort 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
Rental property for sale in Fort Lauderdale at 703 SE 16th Ct #703, Fort Lauderdale, FL, 33316 generates $5,285/mo in rent and, after a $3,402/mo payment, leaves $673/mo in cash flow. Total monthly income is $5,285/mo, and annual cash flow is $8,070/yr on $228,655 invested. Return on cash invested sits at 23.59% in year one, and rental yield is 9.13% on a $695,000 entry. Equity gained on principal adds $4,485/yr, while 5% annual appreciation builds toward $192,016 over five years. Five-year ROI reaches 123.14% and total cumulative return in cash sums $281,574. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,285/mo property income rather than buyer’s personal income.
Townhouse
Built in 2006
N/A lot
$N/A/sqft
No 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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Listed by: Brian Scharick • Compass Florida, LLC
Mls Name: BeachesMLS
Mls ID: #F10531145