815 Foster RdHallandaleFL33009
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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 Hallandale at 815 Foster Rd, Hallandale, FL, 33009 priced at $650,000 converts $40,500/mo rent into $36,187/mo cash flow after a $3,181/mo obligation. Total monthly income equals $40,500/mo, and annual cash flow totals $434,243/yr on $213,850 invested. Return on cash invested prints 223.12% in year one, and rental yield reads 74.77% against a $650,000 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation compiles into $179,583 by year five. Five-year ROI reaches 1193.11% and total cumulative return in cash sums $2,551,466. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $40,500/mo property income covering a $3,181/mo payment, not borrower’s personal income.
Multi Family
Built in 1977
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: James Smith • LoKation
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11593644
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.