1950 S Ocean Dr APT 2EHallandaleFL33009
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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 1950 S Ocean Dr APT 2E, Hallandale, FL, 33009 priced at $622,000 pairs $8,666/mo rent with $4,097/mo cash flow after a $3,044/mo payment. Total monthly income equals $8,666/mo, and annual cash flow comes to $49,165/yr on $204,638 invested. Return on cash invested is 44.09% in year one, and rental yield stands at 16.72% on a $622,000 basis. Equity gained on principal adds $4,014/yr, and 5% annual appreciation accumulates to $171,847 by year five. Five-year ROI measures 234% and total cumulative return in cash reaches $478,843. For financing, Ziffy Mortgage’s DSCR program evaluates $8,666/mo property income against a $3,044/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1971
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: Gladys Martinez • Elite Properties & Investments
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11496551
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.