600 Parkview Dr #1111 (PH11)HallandaleFL33009
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 at 600 Parkview Dr #1111 (PH11), Hallandale, FL, 33009 uses $73,593 cash to close to unlock $436/yr annual cash flow and $36/mo monthly cash flow. Total monthly income runs $1,510/mo, and a $1,087/mo payment keeps the spread at $36/mo. Purchase price stands at $222,000, and rental yield measures 8.16% with $1,510/mo rent. Return on cash invested shows 20.5% in year one, and 5% annual appreciation builds toward $61,335 over five years. Five-year ROI reaches 106.66% and total cumulative return in cash records $78,495. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,510/mo property income covering a $1,087/mo payment rather than investor’s personal income.
Condo
Built in 1979
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: Darius Lelutiu • Best Realty and Prop. Mgmnt
Mls Name: BeachesMLS
Mls ID: #F10549540