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1865 S Ocean Dr Apt 20M, Hallandale Beach, FL 33009, US
Copied

$376,400
BiggerPockets estimate

Off Market
1865 S Ocean Dr Apt 20M, Hallandale Beach, FL 33009
1 Bed
2 Baths
1,300 Square Feet
Lot n/a
Built in 1974
Off Market
Units n/a
Checked: 4 months ago
Updated: May 20, 2025 at 06:18PM

Investment Summary


Monthly Cash Flow
-$1,046
Cap Rate
2.8%
Cash-on-Cash Return
-14.5%
Debt Coverage Ratio
0.46
Internal Rate of Return (5 years)
-10.0%

Property Description


Lot n/a
Built in 1974
Off Market
Units n/a

This property is not currently listed for sale or rent on BiggerPockets. The details below may have been provided by the owner, a third party, or public records.

Located at 1865 S Ocean Dr Apt 20M, Hallandale Beach, FL (ZIP code 33009) this condominium features 1 bedroom, 2 bathrooms and approximately 1,300 square feet of living space. The property was built in 1974.

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Location


Property Details


Parking

  • Description: TwoOrMoreSpaces
  • Garage Spaces: 1
  • Spaces Total: 1

Bedroom Information

  • # of Bedrooms: 1

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

HOA

  • Has HOA: Yes
  • HOA Fee: $1,010/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 514226CG2440

Property Information

  • Property Type: Condominium
  • Year Built: 1974

Tax Information

  • Annual Tax: $2,967

Utilities

  • Heating: Central, Electric
  • Cooling: Central Air, Electric

Location

  • County: Broward

Investment Summary


Monthly Cash Flow
-$1,046
Cap Rate
2.8%
Cash-on-Cash Return
-14.5%
Debt Coverage Ratio
0.46
Internal Rate of Return (5 years)
-10.0%

Purchase Details

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Purchase price:
$376,400
Amount financed:
-$301,120
Down payment:
$75,280
Closing costs:
$11,292
Rehab costs:
$0
Initial cash invested:
$86,572
Square feet:
1,300
Cost per square foot:
$290
Monthly rent per square foot:
$2.38

Financing Details

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Loan amount:
$301,120
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,928
Property tax:
$247
Insurance:
$217
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,392

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,100 $37,200
Vacancy loss: (6%)
6% -$186 -$2,232
Operating income:
$2,914 $34,968

Operating Expenses


% Rent Monthly Yearly
Property taxes: (8%)
8%-$247-$2,967
Insurance: (7%)
7%-$217-$2,604
Property management: (8%)
8%-$248-$2,976
Repairs & maintenance: (5%)
5%-$155-$1,860
Capital expenditures: (5%)
5%-$155-$1,860
HOA fees: (33%)
33%-$1,010-$12,120
Total operating expenses: (66%)
66%-$2,032-$24,387

Cash Flow


Monthly Yearly
Net operating income:
$882 $10,584
Mortgage payments:
-$1,928 -$23,136
Cash flow:
$1,046 $12,552