716 Coconut DrFort LauderdaleFL33315
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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 716 Coconut Dr, Fort Lauderdale, FL, 33315 priced at $890,000 converts $7,816/mo rent into $1,910/mo cash flow after a $4,356/mo obligation. Total monthly income equals $7,816/mo, and annual cash flow totals $22,919/yr on $292,810 invested. Return on cash invested prints 27.89% in year one, and rental yield reads 10.54% against a $890,000 entry. Equity gained on principal adds $5,743/yr, while 5% annual appreciation compiles into $245,891 by year five. Five-year ROI reaches 146.18% and total cumulative return in cash sums $428,032. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,816/mo property income covering a $4,356/mo payment, not borrower’s personal income.
Single Family
Built in 1951
9,365 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33315, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,908 (100%) |
| Owner Occupied HU | 3,604 (45.6%) |
| Renter Occupied HU | 3,261 (41.2%) |
| Vacant Housing Units | 1,043 (13.2%) |
| Median Home Value | $617,061 |
| Average Home Value | $669,168 |
Housing Distribution
Address Breakdown
Residential
7,173
Single Family
4,953
Multi-Family
2,220
Businesses
926
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Listed by: Anthony Scalzo • The Keyes Company
Mls Name: MIAMI
Mls ID: #A11889042