1409 Ne 5th Ter, Unit 1-2, Fort Lauderdale, FL 33304

Fort Lauderdale, FL 33304 · 3 bd · 2 ba · 1,352 sqft · Multi-Family · 94 days on market

The math, in full

Asking price: $658,990
Down payment (15%): $98,849
Loan amount: $560,141
Est. monthly rent: $6,350/mo; Range $5,398 to $7,302/mo
Monthly payment, all-in: $5,414/mo; Mortgage + taxes + insurance (PITIA)
Cashflow ratio (DSCR): 1.17; $6,350 rent ÷ $5,414 payment
Monthly cashflow: +$936/mo; What's left after the payment

Where the rent number comes from

Median asking rent for 3-bedroom homes in zip 33304, from current market comps, not a per-property guess. High confidence: plenty of comparable rentals in this zip.

Cash to start

$98,849

15% down on $658,990

Your local lender

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No credit pull. No obligation. A loan officer confirms real terms within one business day.

Screened against real lending criteria. This one fits 3 programs.
Qualifies on the property's rent, no W-2 or tax returns.
Listing data verified as of July 5, 2026.

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Rent, payment, and cashflow figures are estimates based on current market data and business-purpose investment-loan criteria, for non-owner-occupied property. Not a commitment to lend, not financial advice, and not an offer of any specific loan or property. Listing data may change; properties may sell. All terms confirmed by a loan officer and subject to underwriting and appraisal.