7085 Nova Dr APT 217DavieFL33317
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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 Davie at 7085 Nova Dr APT 217, Davie, FL, 33317 uses $98,580 cash to close to unlock $5,358/yr annual cash flow and $447/mo monthly cash flow. Total monthly income runs $3,046/mo, and a $1,456/mo payment keeps the spread at $447/mo. Purchase price stands at $297,375, and rental yield measures 12.29% with $3,046/mo rent. Return on cash invested shows 25.34% in year one, and 5% annual appreciation builds toward $82,159 over five years. Five-year ROI reaches 135.35% and total cumulative return in cash records $133,432. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,046/mo property income covering a $1,456/mo payment rather than investor’s personal income.
Condo
Built in 2003
N/A lot
$N/A/sqft
$405 monthly 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: Sandra Rathe • Keller Williams Legacy
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11821459
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.