1850 S Ocean Dr APT 1507Hallandale BeachFL33009
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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
Total monthly income runs $4,051/mo, and a $5,139/mo payment. Purchase price stands at $1,050,000, and rental yield measures 4.63% with $4,051/mo rent. Return on cash invested shows 10.08% in year one, and 5% annual appreciation builds toward $290,096 over five years. Five-year ROI reaches 50.65% and total cumulative return in cash records $172,325. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,051/mo property income covering a $5,139/mo payment rather than investor’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33009, Hallandale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,110 (100%) |
| Owner Occupied HU | 11,140 (35.8%) |
| Renter Occupied HU | 10,432 (33.5%) |
| Vacant Housing Units | 9,538 (30.7%) |
| Median Home Value | $364,881 |
| Average Home Value | $441,762 |
Housing Distribution
Address Breakdown
Residential
26,501
Single Family
8,209
Multi-Family
18,292
Businesses
2,056
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Listed by: Juliana Tobon • Cervera Real Estate Inc
Mls Name: MIAMI
Mls ID: #A11887491