24 Castle Harbor IsFort LauderdaleFL33308
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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 24 Castle Harbor Is, Fort Lauderdale, FL, 33308 offers $6,109/mo rent that, after a $9,153/mo payment. Total monthly income is $6,109/mo. Return on cash invested measures 7.89% in year one, and rental yield stands at 3.92% at a $1,870,000 entry. Equity gained on principal adds $12,067/yr while 5% annual appreciation compounds into $516,647 by year five. Five-year ROI records 38.9% and total cumulative return in cash reaches $235,672. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,109/mo property income versus a $9,153/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1969
9,169 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33308, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,285 (100%) |
| Owner Occupied HU | 11,743 (48.4%) |
| Renter Occupied HU | 5,314 (21.9%) |
| Vacant Housing Units | 7,228 (29.8%) |
| Median Home Value | $710,489 |
| Average Home Value | $814,851 |
Housing Distribution
Address Breakdown
Residential
21,128
Single Family
6,376
Multi-Family
14,752
Businesses
1,456
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Listed by: Marlene Katkin • Balistreri Real Estate Inc
Mls Name: BeachesMLS
Mls ID: #F10541263