931 NW 38th AveFort LauderdaleFL33311
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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 931 NW 38th Ave, Fort Lauderdale, FL, 33311 uses $165,750 cash to close to unlock $5,234/yr annual cash flow and $436/mo monthly cash flow. Total monthly income runs $3,754/mo, and a $2,447/mo payment keeps the spread at $436/mo. Purchase price stands at $500,000, and rental yield measures 9.01% with $3,754/mo rent. Return on cash invested shows 23.07% in year one, and 5% annual appreciation builds toward $138,141 over five years. Five-year ROI reaches 120.37% and total cumulative return in cash records $199,520. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,754/mo property income covering a $2,447/mo payment rather than investor’s personal income.
Single Family
Built in 1959
6,504 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33311, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,271 (100%) |
| Owner Occupied HU | 10,998 (40.3%) |
| Renter Occupied HU | 14,421 (52.9%) |
| Vacant Housing Units | 1,852 ( 6.8%) |
| Median Home Value | $362,464 |
| Average Home Value | $412,448 |
Housing Distribution
Address Breakdown
Residential
25,408
Single Family
19,202
Multi-Family
6,206
Businesses
2,571
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Listed by: Shelby Salgado Hernandez • Keller Williams Realty International Lifestyles
Mls Name: MIAMI
Mls ID: #A11940579