11098 Canary Island CtFort 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 11098 Canary Island Ct, Fort Lauderdale, FL, 33324 generates $7,943/mo in rent, after a $9,050/mo payment. Total monthly income is $7,943/mo. Return on cash invested sits at 11.7% in year one, and rental yield is 5.16% on a $1,849,000 entry. Equity gained on principal adds $11,931/yr, while 5% annual appreciation builds toward $510,845 over five years. Five-year ROI reaches 59.33% and total cumulative return in cash sums $355,451. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,943/mo property income rather than buyer’s personal income.
Single Family
Built in 2006
0.27 Acres 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: Calli Henley • Luxe Properties
Mls Name: MIAMI
Mls ID: #A11949390