1601 S Ocean Dr APT 605HollywoodFL33019
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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 1601 S Ocean Dr APT 605, Hollywood, FL, 33019 offers a 18.41% rental yield on a $328,540 purchase with $5,040/mo rent. Total monthly income registers $5,040/mo, and a $1,608/mo payment leaves $2,181/mo available for distribution. Annual cash flow reaches $26,172/yr on $108,911 to close, and return on cash invested stands at 43.94% in year one. Equity gained on principal adds $2,120/yr while 5% annual appreciation supports $90,770 over five years. Portfolio math shows five-year ROI at 234.99% and total cumulative return in cash at $255,932. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,040/mo property income against a $1,608/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1969
N/A lot
$N/A/sqft
$356 monthly 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
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