8161 SW 24th Ct APT 304Fort LauderdaleFL33324
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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 8161 SW 24th Ct APT 304, Fort Lauderdale, FL, 33324 uses $56,355 cash to close to unlock $1,786/yr annual cash flow and $149/mo monthly cash flow. Total monthly income runs $2,086/mo, and a $832/mo payment keeps the spread at $149/mo. Purchase price stands at $170,000, and rental yield measures 14.72% with $2,086/mo rent. Return on cash invested shows 23.08% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 126.69% and total cumulative return in cash records $71,397. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,086/mo property income covering a $832/mo payment rather than investor’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
$702 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33324, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,031 (100%) |
| Owner Occupied HU | 11,966 (49.8%) |
| Renter Occupied HU | 10,499 (43.7%) |
| Vacant Housing Units | 1,566 ( 6.5%) |
| Median Home Value | $461,489 |
| Average Home Value | $552,528 |
Housing Distribution
Address Breakdown
Residential
23,679
Single Family
13,758
Multi-Family
9,921
Businesses
1,481
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Listed by: Jesus Cardenas • The Cardenas Group Realty
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11664140
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.