8968 NW 53rd Ct UNIT 8968Fort LauderdaleFL33351
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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
Rental property for sale in Fort Lauderdale at 8968 NW 53rd Ct UNIT 8968, Fort Lauderdale, FL, 33351 generates $3,413/mo in rent and, after a $2,061/mo payment, leaves $369/mo in cash flow. Total monthly income is $3,413/mo, and annual cash flow is $4,423/yr on $139,595 invested. Return on cash invested sits at 23.08% in year one, and rental yield is 9.73% on a $421,100 entry. Equity gained on principal adds $2,717/yr, while 5% annual appreciation builds toward $116,342 over five years. Five-year ROI reaches 121.19% and total cumulative return in cash sums $169,180. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,413/mo property income rather than buyer’s personal income.
Condo
Built in 1999
N/A lot
$N/A/sqft
$250 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33351, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,003 (100%) |
| Owner Occupied HU | 8,001 (53.3%) |
| Renter Occupied HU | 6,211 (41.4%) |
| Vacant Housing Units | 791 ( 5.3%) |
| Median Home Value | $391,599 |
| Average Home Value | $435,789 |
Housing Distribution
Address Breakdown
Residential
14,164
Single Family
9,691
Multi-Family
4,473
Businesses
1,918
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Listed by: Lambert Wu • Rainbow Investment Realty Inc
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10423675
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.