7100 NW 17th St APT 216Fort LauderdaleFL33313
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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 7100 NW 17th St APT 216, Fort Lauderdale, FL, 33313 generates $1,997/mo in rent and, after a $708/mo payment, leaves $597/mo in cash flow. Total monthly income is $1,997/mo, and annual cash flow is $7,161/yr on $47,968 invested. Return on cash invested sits at 34.84% in year one, and rental yield is 16.56% on a $144,700 entry. Equity gained on principal adds $934/yr, while 5% annual appreciation builds toward $39,978 over five years. Five-year ROI reaches 187.5% and total cumulative return in cash sums $89,938. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,997/mo property income rather than buyer’s personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
$371 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33313, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,584 (100%) |
| Owner Occupied HU | 10,165 (41.3%) |
| Renter Occupied HU | 12,317 (50.1%) |
| Vacant Housing Units | 2,102 ( 8.6%) |
| Median Home Value | $275,847 |
| Average Home Value | $312,425 |
Housing Distribution
Address Breakdown
Residential
24,113
Single Family
12,330
Multi-Family
11,783
Businesses
1,258
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Listed by: Andrea Bareket • Farrwind Realty, LLC.
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11671444
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.