1880 S Ocean Dr APT 503HallandaleFL33009
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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 at 1880 S Ocean Dr APT 503, Hallandale, FL, 33009 earns $1,418/mo cash flow from $5,035/mo rent with a $2,668/mo payment. Total monthly income totals $5,035/mo, and annual cash flow totals $17,013/yr on $179,305 capital. ROI tracks 29.55% on current figures, and rental yield reads 11.09% at a $545,000 purchase. Equity gained on principal adds $3,517/yr, and 5% annual appreciation supports $150,573 over five years. Five-year ROI reaches 155.09% and total cumulative return in cash sums $278,088. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,035/mo property income instead of your personal income.
Condo
Built in 1974
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: Jessica Elmaleh • World Class Realty
Mls Name: MIAMI
Mls ID: #A11833983