300 Layne Blvd APT 313HallandaleFL33009
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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 300 Layne Blvd APT 313, Hallandale, FL, 33009 generates $1,794/mo in rent and, after a $900/mo payment, leaves $574/mo in cash flow. Total monthly income is $1,794/mo, and annual cash flow is $6,885/yr on $60,963 invested. Return on cash invested sits at 31.2% in year one, and rental yield is 11.71% on a $183,900 entry. Equity gained on principal adds $1,187/yr, while 5% annual appreciation builds toward $50,808 over five years. Five-year ROI reaches 164.02% and total cumulative return in cash sums $99,989. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,794/mo property income rather than buyer’s personal income.
Condo
Built in 1980
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: Joe Cimino • Ocean Ave Real Estate LLC
Mls Name: MIAMI
Mls ID: #A11886816