407 S 61st AveHollywoodFL33023
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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 Hollywood at 407 S 61st Ave, Hollywood, FL, 33023 offers a 11.05% rental yield on a $417,000 purchase with $3,840/mo rent. Total monthly income registers $3,840/mo, and a $2,041/mo payment leaves $1,073/mo available for distribution. Annual cash flow reaches $12,873/yr on $138,236 to close, and return on cash invested stands at 29.22% in year one. Equity gained on principal adds $2,691/yr while 5% annual appreciation supports $115,209 over five years. Portfolio math shows five-year ROI at 153.36% and total cumulative return in cash at $211,993. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,840/mo property income against a $2,041/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
6,213 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33023, Hollywood, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,612 (100%) |
| Owner Occupied HU | 14,083 (65.2%) |
| Renter Occupied HU | 6,678 (30.9%) |
| Vacant Housing Units | 851 ( 3.9%) |
| Median Home Value | $400,167 |
| Average Home Value | $495,989 |
Housing Distribution
Address Breakdown
Residential
21,035
Single Family
18,698
Multi-Family
2,337
Businesses
2,147
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