1605 W Harmony Lake Cir UNIT 1605Fort 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 1605 W Harmony Lake Cir UNIT 1605, Fort Lauderdale, FL, 33324 offers a 9.5% rental yield on a $489,900 purchase with $3,880/mo rent. Total monthly income registers $3,880/mo, and a $2,398/mo payment leaves $440/mo available for distribution. Annual cash flow reaches $5,277/yr on $162,402 to close, and return on cash invested stands at 23.16% in year one. Equity gained on principal adds $3,161/yr while 5% annual appreciation supports $135,350 over five years. Portfolio math shows five-year ROI at 121.35% and total cumulative return in cash at $197,081. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,880/mo property income against a $2,398/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1998
N/A lot
$N/A/sqft
$189 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 |
|---|---|---|
| 2025-04-28 | Listed for sale | $489,900 |
| 2020-05-14 | Listing removed | $330,000 |
| 2020-05-12 | Listed for sale | $330,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
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Facts & Features
General Information
- Type: Townhouse
- Year Built: 1998
- Architectural Style: N/A
- Building Area: N/A
- Living Area: 1,648 sqft
- Property Condition: New Construction
Features & Amenities
- Heating: Central
- Cooling: Ceiling Fan(s), Central Air
- Flooring: Ceramic Tile, Laminate
- Interior Features: Pantry, Vaulted Ceiling(s)
- Exterior Features: Open Balcony, Tennis Court
- Parking Features: 2 Or More Spaces
Location
- City: Fort Lauderdale
- State: FL
- Subdivision: Harmony Lakes
- Lot Size: N/A
- Lot Features: N/A
- View: Garden View
HOA & Fees
- HOA Fee: $189 monthly
- Association Fee: $189 monthly
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: N/A
- Water Source: N/A
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Assaf Hizkiya • Listings Center
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10500591
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.