9723 N New River Canal Rd APT 416Fort 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
Investment property for sale in Fort Lauderdale at 9723 N New River Canal Rd APT 416, Fort Lauderdale, FL, 33324 earns from $2,850/mo rent with a $2,217/mo payment. Total monthly income totals $2,850/mo. ROI tracks 18.66% on current figures, and rental yield reads 7.55% at a $453,000 purchase. Equity gained on principal adds $2,923/yr, and 5% annual appreciation supports $125,156 over five years. Five-year ROI reaches 96.77% and total cumulative return in cash sums $145,320. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,850/mo property income instead of your personal income.
Townhouse
Built in 1977
N/A lot
$N/A/sqft
No 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: Donna Astaphan • Horizon Real Estate Solutions LLC
Mls Name: MIAMI
Mls ID: #A11933091