1985 S Ocean Drive #PhaHallandaleFL33009
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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 Drive #Pha, Hallandale, FL, 33009 offers a 10.11% rental yield on a $340,000 purchase with $2,864/mo rent. Total monthly income registers $2,864/mo, and a $1,664/mo payment leaves $608/mo available for distribution. Annual cash flow reaches $7,294/yr on $112,710 to close, and return on cash invested stands at 26.38% in year one. Equity gained on principal adds $2,194/yr while 5% annual appreciation supports $93,936 over five years. Portfolio math shows five-year ROI at 138.13% and total cumulative return in cash at $155,682. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,864/mo property income against a $1,664/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1973
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: Agne Treciokiene • APRO & Associates LLC
Mls Name: BeachesMLS
Mls ID: #RX-11156353