470 Paradise Isle Blvd APT 310Hallandale BeachFL33009
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Beach at 470 Paradise Isle Blvd APT 310, Hallandale Beach, FL, 33009 offers a 8.06% rental yield on a $335,500 purchase with $2,253/mo rent. Total monthly income registers $2,253/mo, and a $1,642/mo payment leaves $27/mo available for distribution. Annual cash flow reaches $320/yr on $111,218 to close, and return on cash invested stands at 20.2% in year one. Equity gained on principal adds $2,165/yr while 5% annual appreciation supports $92,692 over five years. Portfolio math shows five-year ROI at 104.97% and total cumulative return in cash at $116,745. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,253/mo property income against a $1,642/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1966
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Olena Korchynska • The Gates Realty
Mls Name: MIAMI
Mls ID: #A11936935