8900 Palm Tree Ln #8900HollywoodFL33024
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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 Hollywood at 8900 Palm Tree Ln #8900, Hollywood, FL, 33024 uses $116,025 cash to close to unlock $31,141/yr annual cash flow and $2,595/mo monthly cash flow. Total monthly income runs $6,223/mo, and a $1,713/mo payment keeps the spread at $2,595/mo. Purchase price stands at $350,000, and rental yield measures 21.34% with $6,223/mo rent. Return on cash invested shows 46.75% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 252.29% and total cumulative return in cash records $292,718. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,223/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Townhouse
Built in 1975
N/A lot
$N/A/sqft
$1,067 monthly HOA
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
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Listed by: Sandra Blanco • Potential Property Group
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11576745
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.