3161 S Ocean Dr APT 401HallandaleFL33009
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 3161 S Ocean Dr APT 401, Hallandale, FL, 33009 listed at $289,000 pairs $3,133/mo rent with a $1,415/mo payment to leave $1,215/mo cash flow. Total monthly income runs $3,133/mo, and annual cash flow reaches $14,576/yr on $95,804 cash to close. Return on cash invested measures 35.12% in year one, and rental yield registers 13.01% at a $289,000 basis. Equity gained on principal adds $1,865/yr, and annual property appreciation at 5% supports $79,845 by year five. Five-year ROI tracks 185.03% and total cumulative return in cash totals $177,266. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,133/mo property income relative to a $1,415/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1971
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Richard Klassman • Winston Towers Realty, Inc.
Mls Name: MIAMI
Mls ID: #A11844040