730 NE 7th ave UNIT 730Fort LauderdaleFL33304
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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 730 NE 7th ave UNIT 730, Fort Lauderdale, FL, 33304 uses $259,581 cash to close to unlock $2,398/yr annual cash flow and $200/mo monthly cash flow. Total monthly income runs $6,436/mo, and a $3,862/mo payment keeps the spread at $200/mo. Purchase price stands at $789,000, and rental yield measures 9.79% with $6,436/mo rent. Return on cash invested shows 20.98% in year one, and 5% annual appreciation builds toward $217,986 over five years. Five-year ROI reaches 110.83% and total cumulative return in cash records $287,698. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,436/mo property income covering a $3,862/mo payment rather than investor’s personal income.
Townhouse
Built in 2005
N/A lot
$N/A/sqft
$1,000 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33304, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,109 (100%) |
| Owner Occupied HU | 5,379 (35.6%) |
| Renter Occupied HU | 6,993 (46.3%) |
| Vacant Housing Units | 2,737 (18.1%) |
| Median Home Value | $733,600 |
| Average Home Value | $905,136 |
Housing Distribution
Address Breakdown
Residential
12,657
Single Family
4,624
Multi-Family
8,033
Businesses
1,074
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Listed by: Daniel Gitlin • Offerlane Realty LLC
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10469287
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.