1850 S Ocean Dr APT 805Hallandale 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 805, Hallandale Beach, FL, 33009 listed at $1,179,000 pairs $4,107/mo rent with a $5,771/mo payment. Total monthly income runs $4,107/mo. Return on cash invested measures 8.69% in year one, and rental yield registers 4.18% at a $1,179,000 basis. Equity gained on principal adds $7,608/yr, and annual property appreciation at 5% supports $325,736 by year five. Five-year ROI tracks 43.2% and total cumulative return in cash totals $165,018. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,107/mo property income relative to a $5,771/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2006
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: Andre Lauzier • Coldwell Banker Realty
Mls Name: MIAMI
Mls ID: #A11947590