700 Layne Blvd #301Hallandale BeachFL33009
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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 Beach at 700 Layne Blvd #301, Hallandale Beach, FL, 33009 uses $99,119 cash to close to unlock $10,275/yr annual cash flow and $856/mo monthly cash flow. Total monthly income runs $2,840/mo, and a $1,463/mo payment keeps the spread at $856/mo. Purchase price stands at $299,000, and rental yield measures 11.4% with $2,840/mo rent. Return on cash invested shows 30.28% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 159.04% and total cumulative return in cash records $157,642. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,840/mo property income covering a $1,463/mo payment rather than investor’s personal income.
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
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Listed by: Claudia Chen, Pllc • Canvas Real Estate
Mls Name: BeachesMLS
Mls ID: #F10540083