3161 S Ocean Dr APT 708Hallandale BeachFL33009
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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 Beach at 3161 S Ocean Dr APT 708, Hallandale Beach, FL, 33009 earns from $1,973/mo rent with a $1,410/mo payment. Total monthly income totals $1,973/mo. ROI tracks 13.19% on current figures, and rental yield reads 8.22% at a $288,000 purchase. Equity gained on principal adds $1,858/yr, and 5% annual appreciation supports $79,569 over five years. Five-year ROI reaches 70.15% and total cumulative return in cash sums $66,972. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,973/mo property income instead of your personal income.
Condo
Built in 1971
N/A lot
$N/A/sqft
$596 monthly 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: Nicole Alvarez • Keller Williams Capital Realty
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11696325
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.