415 NE 2nd St APT 224HallandaleFL33009
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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 Hallandale at 415 NE 2nd St APT 224, Hallandale, FL, 33009 offers a 8.54% rental yield on a $234,900 purchase with $1,672/mo rent. Total monthly income registers $1,672/mo, and a $1,150/mo payment leaves $113/mo available for distribution. Annual cash flow reaches $1,355/yr on $77,869 to close, and return on cash invested stands at 21.65% in year one. Equity gained on principal adds $1,516/yr while 5% annual appreciation supports $64,899 over five years. Portfolio math shows five-year ROI at 112.77% and total cumulative return in cash at $87,813. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,672/mo property income against a $1,150/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1977
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: Norma Schneck • Douglas Elliman
Mls Name: MIAMI
Mls ID: #A11931797