837 SW 16th CtFort LauderdaleFL33315
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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 837 SW 16th Ct, Fort Lauderdale, FL, 33315 uses $153,256 cash to close to unlock $5,589/yr annual cash flow and $466/mo monthly cash flow. Total monthly income runs $3,685/mo, and a $2,263/mo payment keeps the spread at $466/mo. Purchase price stands at $462,310, and rental yield measures 9.57% with $3,685/mo rent. Return on cash invested shows 23.56% in year one, and 5% annual appreciation builds toward $127,728 over five years. Five-year ROI reaches 123.41% and total cumulative return in cash records $189,139. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,685/mo property income covering a $2,263/mo payment rather than investor’s personal income.
Single Family
Built in 1965
6,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33315, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,908 (100%) |
| Owner Occupied HU | 3,604 (45.6%) |
| Renter Occupied HU | 3,261 (41.2%) |
| Vacant Housing Units | 1,043 (13.2%) |
| Median Home Value | $617,061 |
| Average Home Value | $669,168 |
Housing Distribution
Address Breakdown
Residential
7,173
Single Family
4,953
Multi-Family
2,220
Businesses
926
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