114 Essex Rd #1-36HollywoodFL33024
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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 Hollywood at 114 Essex Rd #1-36, Hollywood, FL, 33024 uses $74,588 cash to close to unlock $697/yr annual cash flow and $58/mo monthly cash flow. Total monthly income runs $1,551/mo, and a $1,101/mo payment keeps the spread at $58/mo. Purchase price stands at $225,000, and rental yield measures 8.27% with $1,551/mo rent. Return on cash invested shows 20.84% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 108.5% and total cumulative return in cash records $80,925. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,551/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Condo
Built in 1977
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33024, Hollywood, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,617 (100%) |
| Owner Occupied HU | 17,437 (65.5%) |
| Renter Occupied HU | 8,542 (32.1%) |
| Vacant Housing Units | 638 ( 2.4%) |
| Median Home Value | $431,114 |
| Average Home Value | $496,524 |
Housing Distribution
Address Breakdown
Residential
25,698
Single Family
21,518
Multi-Family
4,180
Businesses
1,921
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