3177 S Ocean Dr APT 305HallandaleFL33009
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 3177 S Ocean Dr APT 305, Hallandale, FL, 33009 uses $56,024 cash to close to unlock $1,976/yr annual cash flow and $165/mo monthly cash flow. Total monthly income runs $1,286/mo, and a $827/mo payment keeps the spread at $165/mo. Purchase price stands at $169,000, and rental yield measures 9.13% with $1,286/mo rent. Return on cash invested shows 23.44% in year one, and 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 122.38% and total cumulative return in cash records $68,563. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,286/mo property income covering a $827/mo payment rather than investor’s personal income.
Condo
Built in 1962
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: Rachelle Buyak • Zoom Realty Group LLC
Mls Name: MIAMI
Mls ID: #A11937860