1913 S Ocean Dr APT 316HallandaleFL33009
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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
Rental property for sale in Hallandale at 1913 S Ocean Dr APT 316, Hallandale, FL, 33009 generates $1,689/mo in rent and, after a $1,164/mo payment, leaves $111/mo in cash flow. Total monthly income is $1,689/mo, and annual cash flow is $1,328/yr on $78,864 invested. Return on cash invested sits at 21.59% in year one, and rental yield is 8.52% on a $237,900 entry. Equity gained on principal adds $1,535/yr, while 5% annual appreciation builds toward $65,727 over five years. Five-year ROI reaches 112.47% and total cumulative return in cash sums $88,695. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,689/mo property income rather than buyer’s personal income.
Condo
Built in 1980
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: Maria Ortiz • Costa Miami Realty, LLC
Mls Name: MIAMI
Mls ID: #A11856812