6601 Lincoln StHollywoodFL33024
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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
Rental property for sale in Hollywood at 6601 Lincoln St, Hollywood, FL, 33024 priced at $475,000 converts $4,868/mo rent into $1,532/mo cash flow after a $2,325/mo obligation. Total monthly income equals $4,868/mo, and annual cash flow totals $18,389/yr on $157,463 invested. Return on cash invested prints 31.59% in year one, and rental yield reads 12.3% against a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation compiles into $131,234 by year five. Five-year ROI reaches 166.57% and total cumulative return in cash sums $262,279. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,868/mo property income covering a $2,325/mo payment, not borrower’s personal income.
Single Family
Built in 1960
7,868 sqft lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 33024, Hollywood, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,617 (100%) |
| Owner Occupied HU | 17,437 (65.5%) |
| Renter Occupied HU | 8,542 (32.1%) |
| Vacant Housing Units | 638 ( 2.4%) |
| Median Home Value | $431,114 |
| Average Home Value | $496,524 |
Housing Distribution
Address Breakdown
Residential
25,698
Single Family
21,518
Multi-Family
4,180
Businesses
1,921
Price History
Date | Event | Price |
|---|---|---|
| 2024-12-10 | Listed for sale | $475,000 |
| 2024-03-21 | Listing removed | N/A |
| 2023-10-29 | Listed for sale | $485,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-12-25 | $6426.22 | 14.31% | $269,240 | 10.00% |
| 2022-12-25 | $5621.60 | 13.57% | $244,770 | 10.00% |
| 2021-12-25 | $4949.93 | 5.54% | $222,520 | 5.97% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1960
- Architectural Style: N/A
- Building Area: 1,537
- Living Area: 1,537 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Central
- Cooling: Central Air
- Flooring: Tile, Wood
- Interior Features: Den/Library/Office
- Exterior Features: Lighting, Room For Pool
- Parking Features: Driveway
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Municipal Water
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: Apollo
- High School: N/A
Listed by: Jacky Sainvil • Century 21 King Realty
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11707524
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.