7451 NW 16th St #210PlantationFL33313
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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 Plantation at 7451 NW 16th St #210, Plantation, FL, 33313 generates $1,968/mo in rent, after a $1,248/mo payment. Total monthly income is $1,968/mo. Return on cash invested sits at 11.86% in year one, and rental yield is 9.26% on a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 64.66% and total cumulative return in cash sums $54,656. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,968/mo property income rather than buyer’s personal income.
Condo
Built in 1994
N/A lot
$N/A/sqft
$840 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: Suzette Knight • United Real Estate Advisors
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11723716
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.