4001 S Ocean Dr PENTHOUSE 5LHollywoodFL33019
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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 Hollywood at 4001 S Ocean Dr PENTHOUSE 5L, Hollywood, FL, 33019 priced at $351,980 converts $3,508/mo rent into $179/mo cash flow after a $1,723/mo obligation. Total monthly income equals $3,508/mo, and annual cash flow totals $2,150/yr on $116,681 invested. Return on cash invested prints 21.75% in year one, and rental yield reads 11.96% against a $351,980 entry. Equity gained on principal adds $2,271/yr, while 5% annual appreciation compiles into $97,246 by year five. Five-year ROI reaches 117.05% and total cumulative return in cash sums $136,571. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,508/mo property income covering a $1,723/mo payment, not borrower’s personal income.
Condo
Built in 1970
N/A lot
$N/A/sqft
$630 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33019, Hollywood, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,099 (100%) |
| Owner Occupied HU | 5,681 (43.4%) |
| Renter Occupied HU | 2,263 (17.3%) |
| Vacant Housing Units | 5,155 (39.4%) |
| Median Home Value | $719,086 |
| Average Home Value | $861,154 |
Housing Distribution
Address Breakdown
Residential
11,320
Single Family
3,434
Multi-Family
7,886
Businesses
315
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