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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Hollywood at 8620 N Sherman Cir APT 406, Hollywood, FL, 33025 generates $3,230/mo in rent and, after a $1,219/mo payment, leaves $1,114/mo in cash flow. Total monthly income is $3,230/mo, and annual cash flow is $13,372/yr on $82,540 invested. Return on cash invested sits at 36.11% in year one, and rental yield is 15.57% on a $248,990 entry. Equity gained on principal adds $1,607/yr, while 5% annual appreciation builds toward $68,791 over five years. Five-year ROI reaches 192.77% and total cumulative return in cash sums $159,113. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,230/mo property income rather than buyer’s personal income.
Condo
Built in 1982
N/A lot
$N/A/sqft
$402 monthly HOA
Neighborhood data shown for ZIP Code: 33025, Hollywood, FL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,536 (100%) |
| Owner Occupied HU | 12,747 (40.4%) |
| Renter Occupied HU | 16,717 (53.0%) |
| Vacant Housing Units | 2,072 ( 6.6%) |
| Median Home Value | $399,882 |
| Average Home Value | $450,128 |
Residential
29,855
Single Family
16,474
Multi-Family
13,381
Businesses
1,102
Date | Event | Price |
|---|---|---|
| 2024-07-17 | Listed for sale | $248,990 |
| 2019-04-26 | Listing removed | $1,550 |
| 2019-03-07 | Listed for rent | $1,550 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-31 | $2946.96 | 16.83% | $87,790 | 10.00% |
| 2022-08-31 | $2522.43 | 9.45% | $79,810 | 9.99% |
| 2021-08-31 | $2304.70 | 7.20% | $72,560 | 9.99% |
Listed by: Steven Copeland • Relux Realty Group
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11621002
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.
