1850 S Ocean Dr APT 607Hallandale 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
Investment property for sale in Hallandale Beach at 1850 S Ocean Dr APT 607, Hallandale Beach, FL, 33009 listed at $1,169,000 pairs $9,575/mo rent with a $5,722/mo payment to leave $940/mo cash flow. Total monthly income runs $9,575/mo, and annual cash flow reaches $11,274/yr on $378,756 cash to close. Return on cash invested measures 23.35% in year one, and rental yield registers 9.83% at a $1,169,000 basis. Equity gained on principal adds $7,543/yr, and annual property appreciation at 5% supports $322,973 by year five. Five-year ROI tracks 122.79% and total cumulative return in cash totals $465,071. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $9,575/mo property income relative to a $5,722/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2005
N/A lot
$N/A/sqft
$631 monthly 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: Ingrid Andres PA • Exclusively Yours Realty
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11491440
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.