1600 S Ocean Drive #7hHollywoodFL33019
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1600 S Ocean Drive #7h, Hollywood, FL, 33019 uses $140,888 cash to close to unlock $11,325/yr annual cash flow and $944/mo monthly cash flow. Total monthly income runs $3,764/mo, and a $2,080/mo payment keeps the spread at $944/mo. Purchase price stands at $425,000, and rental yield measures 10.63% with $3,764/mo rent. Return on cash invested shows 27.95% in year one, and 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 146.53% and total cumulative return in cash records $206,441. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,764/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33019, Hollywood, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,099 (100%) |
| Owner Occupied HU | 5,681 (43.4%) |
| Renter Occupied HU | 2,263 (17.3%) |
| Vacant Housing Units | 5,155 (39.4%) |
| Median Home Value | $719,086 |
| Average Home Value | $861,154 |
Housing Distribution
Address Breakdown
Residential
11,320
Single Family
3,434
Multi-Family
7,886
Businesses
315
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices