500 NE 12th Avenue #701HallandaleFL33009
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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 500 NE 12th Avenue #701, Hallandale, FL, 33009 earns $22/mo cash flow from $1,675/mo rent with a $1,219/mo payment. Total monthly income totals $1,675/mo, and annual cash flow totals $268/yr on $82,544 capital. ROI tracks 20.23% on current figures, and rental yield reads 8.07% at a $249,000 purchase. Equity gained on principal adds $1,607/yr, and 5% annual appreciation supports $68,794 over five years. Five-year ROI reaches 105.21% and total cumulative return in cash sums $86,840. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,675/mo property income instead of your personal income.
Condo
Built in 1973
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: Raymond Ingersoll • William Raveis Real Estate
Mls Name: BeachesMLS
Mls ID: #RX-11154048