3181 S Ocean Dr APT 103HallandaleFL33009
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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 3181 S Ocean Dr APT 103, Hallandale, FL, 33009 generates $1,605/mo in rent and, after a $1,170/mo payment, leaves $19/mo in cash flow. Total monthly income is $1,605/mo, and annual cash flow is $225/yr on $79,229 invested. Return on cash invested sits at 20.19% in year one, and rental yield is 8.06% on a $239,000 entry. Equity gained on principal adds $1,542/yr, while 5% annual appreciation builds toward $66,031 over five years. Five-year ROI reaches 104.95% and total cumulative return in cash sums $83,148. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,605/mo property income rather than buyer’s personal income.
Condo
Built in 1968
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: Joseph DiGirolamo • Triangle Properties, Inc.
Mls Name: MIAMI
Mls ID: #A11839042