3135 S Ocean Dr APT 227HallandaleFL33009
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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 3135 S Ocean Dr APT 227, Hallandale, FL, 33009 uses $75,914 cash to close to unlock $1,526/yr annual cash flow and $127/mo monthly cash flow. Total monthly income runs $1,647/mo, and a $1,121/mo payment keeps the spread at $127/mo. Purchase price stands at $229,000, and rental yield measures 8.63% with $1,647/mo rent. Return on cash invested shows 21.92% in year one, and 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 114.26% and total cumulative return in cash records $86,741. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,647/mo property income covering a $1,121/mo payment rather than investor’s personal income.
Condo
Built in 1963
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: Louis DoVidio Jr. • South Florida Residential Realty, Inc
Mls Name: MIAMI
Mls ID: #A11626430