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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Hollywood at 3221 Sabal Palm Mnr APT 206, Hollywood, FL, 33024 generates $3,648/mo in rent and, after a $1,273/mo payment, leaves $1,186/mo in cash flow. Total monthly income is $3,648/mo, and annual cash flow is $14,236/yr on $86,190 invested. Return on cash invested sits at 36.43% in year one, and rental yield is 16.84% on a $260,000 entry. Equity gained on principal adds $1,678/yr, while 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 195.76% and total cumulative return in cash sums $168,725. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,648/mo property income rather than buyer’s personal income.
Condo
Built in 2000
N/A lot
$N/A/sqft
$600 monthly HOA
Neighborhood data shown for ZIP Code: 33024, Hollywood, FL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,617 (100%) |
| Owner Occupied HU | 17,437 (65.5%) |
| Renter Occupied HU | 8,542 (32.1%) |
| Vacant Housing Units | 638 ( 2.4%) |
| Median Home Value | $431,114 |
| Average Home Value | $496,524 |
Residential
25,698
Single Family
21,518
Multi-Family
4,180
Businesses
1,921
Date | Event | Price |
|---|---|---|
| 2024-08-17 | Listed for sale | $260,000 |
| 2023-04-16 | Listing removed | N/A |
| 2023-04-09 | Listed for rent | $2,195 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-03 | $3942.97 | 17.85% | $186,150 | 10.00% |
| 2022-09-03 | $3345.72 | 11.28% | $169,230 | 14.68% |
| 2021-09-03 | $3006.65 | 8.91% | $147,570 | 10.00% |
Listed by: Bharti Idnani • McKenzie Realty, LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11643344
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.
