835 NE 16th TerraceFort 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 835 NE 16th Terrace, Fort Lauderdale, FL, 33304 uses $261,555 cash to close to unlock $19,108/yr annual cash flow and $1,592/mo monthly cash flow. Total monthly income runs $6,868/mo, and a $3,891/mo payment keeps the spread at $1,592/mo. Purchase price stands at $795,000, and rental yield measures 10.37% with $6,868/mo rent. Return on cash invested shows 27.37% in year one, and 5% annual appreciation builds toward $219,644 over five years. Five-year ROI reaches 143.39% and total cumulative return in cash records $375,046. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,868/mo property income covering a $3,891/mo payment rather than investor’s personal income.
Townhouse
Built in 2007
1,183 sqft lot
$N/A/sqft
No 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: Laila Khory • LoKation
Mls Name: BeachesMLS
Mls ID: #RX-11134532