1958 Harbourview Dr

Fort Lauderdale, FL 33316 · single_family · For Sale · 64 days on market
Asking price$3,250,000
5 beds 5 baths 4,565 sqft
View on Realtor.com →
Listed by Wes Houx · Latitude Key Real Estate Broker
Typesingle_family
Built2007
Price / sqft$712
Est. value (own analysis)$3,566,452
Rent estimate (own analysis)$38,498/mo
HOANone
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Neighborhood

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Statusfor_sale
Listed date2026-06-30
Removed date
MLSBeachesMLS #B26047141
Coordinates26.09658, -80.11590
Address1958 Harbourview Dr
CityFort Lauderdale
StateFL
Zip33316
Listing ID5819184262
Sourceus-real-estate-listings, cached 2026-08-28

ZIP market snapshot (33316)

Median sale price$900,000
Median days on market (sale)121
Active sale listings368
Median rent$2,500/mo
Median days on market (rent)34
Active rental listings281
Real ZIP-wide statistics from RentCast, as of 2026-09 (fetched 2026-09-03) — this is the whole ZIP's market, not specific to this property. Re-analyzing spends one of the account's 50 free monthly lookups. Our own log shows at least 6 of the 50 free monthly RentCast requests used — that only counts calls made through this app, so it can undercount. RentCast's own account dashboard has the real total.
Re-analyze ZIP 33316 (≥6 of 50 per our log)

Underwriting (buy-and-hold, default assumptions)

Purchase price$3,250,000
Down payment (20.0%)$650,000
Loan amount$2,600,000
Closing costs (5.0%)$162,500
Total cash to close$812,500
Rent (comp-derived)$38,498$461,970
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$461,970
Vacancy rate (assumption) assumption8.0%

$461,970 × 8.0% = $36,958

Effective gross income$35,418$425,012
Property tax (placeholder 1.9% of price)$5,146$61,750
Insurance (placeholder 0.8% of price)$2,167$26,000
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$1,925$23,099
Total operating expenses$9,237$110,849
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$425,012
Total operating expenses derived$110,849

$425,012 − $110,849 = $314,164

Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing)

Monthly Principal & Interest

Standard amortization on the loan amount, at the effective rate and term

Loan amount derived$2,600,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$2,600,000 amortized at 6.7% over 30 years = $16,708/mo

CapEx reserve (5.0% of GSR)$1,925$23,099
Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%)$0$0
Cash flow

Monthly Cash Flow

(NOI − Annual Debt Service − Annual CapEx Reserve − Annual PMI) ÷ 12

NOI derived$314,164
Annual debt service derived$200,500
Annual CapEx reserve assumption$23,099
Annual PMI assumption$0

($314,164 − $200,500 − $23,099 − $0) ÷ 12 = $7,547

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$314,164
Purchase price data$3,250,000

$314,164 ÷ $3,250,000 = 9.7%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived$90,566
Total cash to close derived$812,500

$90,566 ÷ $812,500 = 11.1%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$314,164
Annual debt service derived$200,500

$314,164 ÷ $200,500 = 1.57

Rent-to-price (1% rule)

Rent-to-Price (the "1% rule")

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$461,970
Purchase price data$3,250,000

($461,970 ÷ 12) ÷ $3,250,000 = 1.2%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$3,250,000
Gross scheduled rent (annual) comp$461,970

$3,250,000 ÷ $461,970 = 7.0

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$110,849
Effective gross income derived$425,012

$110,849 ÷ $425,012 = 26.1%

Break-even occupancy

Break-Even Occupancy

(Total OpEx + Annual Debt Service + Annual PMI) ÷ Gross Scheduled Rent

Total operating expenses derived$110,849
Annual debt service derived$200,500
Annual PMI assumption$0
Gross scheduled rent (annual) comp$461,970

($110,849 + $200,500 + $0) ÷ $461,970 = 67.4%

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family563,891$11,0002025-01-16
single_family565,950$39,9952026-03-11
single_family576,007$37,0002026-06-11
single_family564,935$50,0002026-06-10

12 Isla Bahia Dr

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms5 bd / 6 ba
Square footage3,891
Listed2025-01-16
Days on market

Asking rent: $11,000

View on Zillow →

1730 SE 13th St

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms5 bd / 6 ba
Square footage5,950
Listed2026-03-11
Days on market

Asking rent: $39,995

View on Zillow →

3 Isla Bahia Dr

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms5 bd / 7 ba
Square footage6,007
Listed2026-06-11
Days on market

Asking rent: $37,000

View on Zillow →

1528 SE 11th St

Fort Lauderdale, 33316 · rent comp

Bedrooms / bathrooms5 bd / 6 ba
Square footage4,935
Listed2026-06-10
Days on market

Asking rent: $50,000

View on Zillow →

Same ZIP & bedroom count. Closed sales from Realtor.com over the last 12 months, matched to this property's type — real transaction prices, not asking prices. Falls back to Miami-Dade County public records (property appraiser tax roll) when Realtor.com has no sales on file for the area.

AddressTypeBedsBathsLiving sqftSale priceSale date
4 Isla Bahia Drsingle_family555,287$9,900,0002026-07-30
1517 SE 12th Ctsingle_family554,782$5,600,0002026-06-30
1017 SE 13th Tersingle_family542,733$2,100,0002026-05-29
1511 S Ocean Drsingle_family542,952$1,800,0002026-05-22
2024 Harbourview Drsingle_family564,621$2,995,0002026-03-31
1733 SE 10th Stsingle_family575,760$9,900,0002026-03-31
1125 SE 8th Stsingle_family543,274$2,600,0002026-03-31
904 Ponce De Leon Drsingle_family543,624$2,950,0002026-03-30
1429 SE 12th Ctsingle_family556,000$2,625,0002026-03-06
1020 Ponce De Leon Drsingle_family555,211$3,850,0002026-01-29
721 SE 9th Stsingle_family564,366$3,160,0002026-01-26
1544 Ponce De Leon Drsingle_family563,710$4,200,0002025-12-31
1716 SE 11th Stsingle_family523,744$1,142,2002025-12-10
1737 SE 13th Stsingle_family565,254$7,050,0002025-09-23

Same ZIP. Other properties currently for sale nearby — asking prices, not closed sale prices. Not a price comp; see Sold comps for actual transaction history.

AddressTypeBedsBathsSqftAsking priceDays on market
1308 Seabreeze Blvdsingle_family542,650$2,200,000
1500 SE 14th Stsingle_family585,424$6,749,000
1316 Cordova Rdsingle_family585,591$7,950,000
1780 SE 9th Stsingle_family555,079$6,390,000
1550 Ponce De Leon Drsingle_family564,040$4,395,000
1016 SE 8th Stsingle_family563,907$4,195,000
12 Sylvan Lnsingle_family566,878$6,900,000
1636 SE 14th Stsingle_family543,508$3,500,000

10-year hold projection

IRR20.1%
Equity multiple4.01x
Total return (10yr)$2,871,410
YearProperty valueNOICash flowLoan balanceEquity
1$3,347,500$314,164$90,566$2,571,810$775,690
2$3,447,925$324,143$99,968$2,541,685$906,240
3$3,551,363$334,435$109,668$2,509,490$1,041,872
4$3,657,904$345,051$119,677$2,475,085$1,182,818
5$3,767,641$355,999$130,003$2,438,317$1,329,323
6$3,880,670$367,291$140,658$2,399,025$1,481,645
7$3,997,090$378,937$151,650$2,357,034$1,640,056
8$4,117,003$390,948$162,991$2,312,159$1,804,844
9$4,240,513$403,335$174,692$2,264,203$1,976,310
10$4,367,728$416,110$186,764$2,212,954$2,154,774
Assumes 3.0% annual rent growth, 2.5% expense growth, 3.0% appreciation, and a 6.0% selling cost at exit — all placeholder assumptions, not market-derived.
All figures are estimates for evaluation purposes only, not investment, tax, legal, or insurance advice. Property tax is estimated from a real matched tax bill or millage rate when available, a placeholder % of price otherwise; insurance is scaled by flood and wind risk where those are known and a flat percentage otherwise — never a real quote. Verify all of them, along with association restrictions and permit status, before committing capital. Rent estimates come from real comps or Zillow’s ZIP index, not appraisals.