1985 S Ocean Dr #5AHallandaleFL33009
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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 1985 S Ocean Dr #5A, Hallandale, FL, 33009 offers a 8.07% rental yield on a $250,000 purchase with $1,681/mo rent. Total monthly income registers $1,681/mo, and a $1,224/mo payment leaves $22/mo available for distribution. Annual cash flow reaches $259/yr on $82,875 to close, and return on cash invested stands at 20.22% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,070 over five years. Portfolio math shows five-year ROI at 105.13% and total cumulative return in cash at $87,130. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,681/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1972
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: Lisa Halprin • Halprin Realty LLC
Mls Name: BeachesMLS
Mls ID: #F10514612