8620 N Sherman Cir APT 406HollywoodFL33025
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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 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
Neighborhood data shown for ZIP Code: 33025, Hollywood, FL area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
29,855
Single Family
16,474
Multi-Family
13,381
Businesses
1,102
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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.