23 SW 8th StHallandaleFL33009
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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
Rental property for sale in Hallandale at 23 SW 8th St, Hallandale, FL, 33009 offers $3,206/mo rent that, after a $4,694/mo payment. Total monthly income is $3,206/mo. Return on cash invested measures 8.05% in year one, and rental yield stands at 4.01% at a $959,000 entry. Equity gained on principal adds $6,188/yr while 5% annual appreciation compounds into $264,954 by year five. Five-year ROI records 39.79% and total cumulative return in cash reaches $125,551. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,206/mo property income versus a $4,694/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
0.27 Acres 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: Juan Cortes • Realty One Group Evolution
Mls Name: MIAMI
Mls ID: #A11921734