2241 Monroe St APT 11HollywoodFL33020
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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 Hollywood at 2241 Monroe St APT 11, Hollywood, FL, 33020 uses $41,438 cash to close to unlock $11,299/yr annual cash flow and $942/mo monthly cash flow. Total monthly income runs $2,087/mo, and a $612/mo payment keeps the spread at $942/mo. Purchase price stands at $125,000, and rental yield measures 20.04% with $2,087/mo rent. Return on cash invested shows 47.18% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 253.03% and total cumulative return in cash records $104,849. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,087/mo property income covering a $612/mo payment rather than investor’s personal income.
Condo
Built in 1962
N/A lot
$N/A/sqft
$3,000 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33020, Hollywood, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,911 (100%) |
| Owner Occupied HU | 7,310 (30.6%) |
| Renter Occupied HU | 13,286 (55.6%) |
| Vacant Housing Units | 3,315 (13.9%) |
| Median Home Value | $446,552 |
| Average Home Value | $480,629 |
Housing Distribution
Address Breakdown
Residential
20,403
Single Family
11,732
Multi-Family
8,671
Businesses
2,020
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Listed by: Sandra Veres • Realty One Group Evolution
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11817393
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.