8616 SW 16th Pl, Davie, FL, 33324 | $209/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

8616 SW 16th Pl, Davie, FL, 33324 | $209/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

1 Bed
1 Bath
870 sft

9450 Poinciana Pl APT 106, Davie, FL, 33324

2 Bed
2 Bath
1044 sft

251 132nd Way #417H, Hollywood, FL, 33027

Motivated Seller+ 1 more

2 Bed
2 Bath
1120 sft

900 Saint Charles Pl APT 419, Pembroke Pines, FL, 33026

1 Bed
2 Bath
702 sft

1401 SW 134th Way APT 412C, Hollywood, FL, 33027

Nearby investment properties with comparable prices

2 Bed
2 Bath
1021 sft

901 Colony Point Cir APT 102, Pembroke Pines, FL, 33026

2 Bed
2 Bath
1160 sft

1400 Saint Charles Pl APT 420, Hollywood, FL, 33026

3 Bed
4 Bath
2070 sft

5300 NW 87th Ave #613, Miami, FL, 33178

2 Bed
2 Bath
1070 sft

1400 Saint Charles Pl APT 623, Pembroke Pines, FL, 33026

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Davie at 8616 SW 16th Pl, Davie, FL, 33324 listed at $180,000 pairs $1,403/mo rent with a $881/mo payment to leave $209/mo cash flow. Total monthly income runs $1,403/mo, and annual cash flow reaches $2,502/yr on $59,670 cash to close. Return on cash invested measures 24.1% in year one, and rental yield registers 9.35% at a $180,000 basis. Equity gained on principal adds $1,162/yr, and annual property appreciation at 5% supports $49,731 by year five. Five-year ROI tracks 125.96% and total cumulative return in cash totals $75,161. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,403/mo property income relative to a $881/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Manufactured

Built in 1964

4,095 sqft lot

$N/A/sqft

No HOA

More details about the property

Charming, fully furnished 3BD/2BA home in the lovely 55+ community of Park City in Davie. Spacious living and dining areas, in-unit washer/dryer, central A/C, and artificial turf yard with screened front porch. Covered carport fits 2 cars. Located across from clubhouse with pool and putting green. Close to highways, shopping, airport, and hospital. At least one tenant must be 55+; no residents under 18. Low HOA makes this gem even more appealing

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