1950 S Ocean Dr APT LEHallandale 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 1950 S Ocean Dr APT LE, Hallandale Beach, FL, 33009 at $550,000 posts ROI 44.52% with $3,688/mo cash flow from $8,596/mo rent. Total monthly income equals $8,596/mo, and annual cash flow records $44,257/yr on $180,950 to close. Return on cash invested measures 44.52% and rental yield reads 18.75% at the current $550,000. Equity gained on principal adds $3,549/yr, and 5% annual appreciation supports $151,955 by year five. Five-year ROI prints 238.41% and total cumulative return in cash totals $431,410.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $8,596/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1971
N/A lot
$N/A/sqft
$1,258 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: Shirit Winberg • Top Miami Realty
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10447395
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.