2664 Edgewater DrFort LauderdaleFL33332
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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 2664 Edgewater Dr, Fort Lauderdale, FL, 33332 generates $4,545/mo in rent, after a $6,657/mo payment. Total monthly income is $4,545/mo. Return on cash invested sits at 8.17% in year one, and rental yield is 4.01% on a $1,360,000 entry. Equity gained on principal adds $8,776/yr, while 5% annual appreciation builds toward $375,743 over five years. Five-year ROI reaches 40.38% and total cumulative return in cash sums $177,949. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,545/mo property income rather than buyer’s personal income.
Single Family
Built in 1994
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33332, Fort Lauderdale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,331 (100%) |
| Owner Occupied HU | 2,788 (83.7%) |
| Renter Occupied HU | 439 (13.2%) |
| Vacant Housing Units | 104 ( 3.1%) |
| Median Home Value | $852,172 |
| Average Home Value | $937,755 |
Housing Distribution
Address Breakdown
Residential
3,399
Single Family
3,399
Multi-Family
0
Businesses
269
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Listed by: Maria Pilar Ruiz de la Torre • Coldwell Banker Realty
Mls Name: MIAMI
Mls ID: #A11837832