7451 NW 16th St #304PlantationFL33313
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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 Plantation at 7451 NW 16th St #304, Plantation, FL, 33313 uses $74,588 cash to close to unlock $397/yr annual cash flow and $33/mo monthly cash flow. Total monthly income runs $1,526/mo, and a $1,101/mo payment keeps the spread at $33/mo. Purchase price stands at $225,000, and rental yield measures 8.14% with $1,526/mo rent. Return on cash invested shows 20.44% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 106.34% and total cumulative return in cash records $79,317. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,526/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Condo
Built in 1994
N/A lot
$N/A/sqft
No 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: Natacha Duenas • Related ISG Realty, LLC.
Mls Name: MIAMI
Mls ID: #A11881959