215 SE 3rd Ave APT 403AHallandale 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 215 SE 3rd Ave APT 403A, Hallandale Beach, FL, 33009 earns $176/mo cash flow from $1,297/mo rent with a $827/mo payment. Total monthly income totals $1,297/mo, and annual cash flow totals $2,108/yr on $56,024 capital. ROI tracks 23.67% on current figures, and rental yield reads 9.21% at a $169,000 purchase. Equity gained on principal adds $1,091/yr, and 5% annual appreciation supports $46,692 over five years. Five-year ROI reaches 123.6% and total cumulative return in cash sums $69,247. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,297/mo property income instead of your personal income.
Condo
Built in 1968
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: Tatsiana Bryts • Florida Best Realty, Inc.
Mls Name: MIAMI
Mls ID: #A11849272