897 NW 97th AveFort 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
Rental property for sale in Fort Lauderdale at 897 NW 97th Ave, Fort Lauderdale, FL, 33324 generates $5,322/mo in rent, after a $3,666/mo payment. Total monthly income is $5,322/mo. Return on cash invested sits at 16.42% in year one, and rental yield is 8.53% on a $749,000 entry. Equity gained on principal adds $4,833/yr, while 5% annual appreciation builds toward $206,935 over five years. Five-year ROI reaches 86.63% and total cumulative return in cash sums $213,484. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,322/mo property income rather than buyer’s personal income.
Single Family
Built in 1989
6,574 sqft lot
$N/A/sqft
$160 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: Claudia Rincon • LoKation
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11805515
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.