9888 NW 2nd StFort 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 9888 NW 2nd St, Fort Lauderdale, FL, 33324 generates $4,200/mo in rent and, after a $2,570/mo payment, leaves $107/mo in cash flow. Total monthly income is $4,200/mo, and annual cash flow is $1,284/yr on $172,725 invested. Return on cash invested sits at 20.8% in year one, and rental yield is 9.6% on a $525,000 entry. Equity gained on principal adds $3,388/yr, while 5% annual appreciation builds toward $145,048 over five years. Five-year ROI reaches 109.73% and total cumulative return in cash sums $189,525. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,200/mo property income rather than buyer’s personal income.
Single Family
Built in 1990
2,349 sqft lot
$N/A/sqft
$200 monthly HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2024-08-22 | Listed for sale | $525,000 |
| 2023-11-16 | Listing removed | N/A |
| 2023-11-07 | Price change | $3,050 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-14 | $9574.26 | 7.40% | $358,300 | 10.00% |
| 2023-02-14 | $8914.63 | 42.63% | $325,730 | 10.00% |
| 2022-02-14 | $6250.18 | 13.19% | $296,120 | 10.00% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1990
- Architectural Style: N/A
- Building Area: 1,806
- Living Area: 1,500 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Central
- Cooling: Ceiling Fan(s), Central Air
- Flooring: Tile, Wood
- Interior Features: Other
- Exterior Features: N/A
- Parking Features: Driveway, Guest
Location
- City: Fort Lauderdale
- State: FL
- Subdivision: Jacaranda Parcel 608,Quatraine V
- Lot Size: 2,349 sqft
- Lot Features: Less Than 1/4 Acre Lot
- View: Garden
HOA & Fees
- HOA Fee: $200 monthly
- Association Fee: $200 monthly
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Municipal Water
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Maria Mendoza • Genesis Realty Services Inc.
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11645128
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.