7561 NW 16th St APT 2307Fort 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
Investment property for sale in Fort Lauderdale at 7561 NW 16th St APT 2307, Fort Lauderdale, FL, 33313 uses $46,665 cash to close to unlock $5,852/yr annual cash flow and $488/mo monthly cash flow. Total monthly income runs $1,891/mo, and a $689/mo payment keeps the spread at $488/mo. Purchase price stands at $140,770, and rental yield measures 16.12% with $1,891/mo rent. Return on cash invested shows 32.45% in year one, and 5% annual appreciation builds toward $38,892 over five years. Five-year ROI reaches 175.09% and total cumulative return in cash records $81,708. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,891/mo property income covering a $689/mo payment rather than investor’s personal income.
Condo
Built in 1976
N/A lot
$N/A/sqft
$426 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: Avrohom Freundlich • EquiEstate, Corp.
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11527577
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.