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$540,000

For Sale - Active
2030 S Ocean Dr Apt 1704, Hallandale Beach, FL 33009
2 Beds
2 Baths
1,248 Square Feet
0.00 Acres Lot
Built in 1970
For Sale - Active
Units n/a
Checked: 9 hours ago
Updated: May 08, 2025 at 11:58PM

Investment Summary


Potential Missing Expenses

We noticed that HOA fees are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$734
Cap Rate
4.5%
Cash-on-Cash Return
-7.1%
Debt Coverage Ratio
0.73
Internal Rate of Return (5 years)
-2.9%

Property Description


0.00 Acres Lot
Built in 1970
For Sale - Active
Units n/a

Absolutely gorgeous just renovated 2/2 Investors Dream unit with great tenant and a Bijou den/office/nursery in boutique building on Ocean Drive on the beach with nice intracoastal views & large balcony with glass railing.Porcelain floors,no ceiling popcorn,impact windows,ALL new appliances:Subzero fridge,Gaggenau cooktop,electric stove,hood falmec,Moen sink,Bosch dishwasher,Quartz counter top ,ambient kitchen lighting,incredible stall shower floor,luxury ceiling mount fountain shower headS,freshly painted,Storage bin area,self parking,2nd car parking available.spacious pool deck area,large pool,shiffleboard,eating area,shaded sitting,hot tub,BBQ area,plus free beach service FreeWIFI CABLE hot Water,water,billiards,ping pong,social hall,beautiful gym,onsite mgmt.,mini mart with eating area

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Location


Property Details


Parking

  • Description: Assigned, Guest, OneSpace
  • Details: Assigned, Guest
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

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

Interior Features

  • # of Stories: 22

Exterior Features

  • Pool Community: Yes

Land Information

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

Lot Information

  • Parcel ID: 514226BE3690
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Style: HighRise, Stilt
  • Year Built: 1970

Tax Information

  • Annual Tax: $7,906

Utilities

  • Heating: Electric
  • Cooling: Central Air

Location

  • County: Broward

Listing Details


Listed by:
Ronald Kaplan
Halprin Realty LLC
(305) 336-6397

Source:
MIAMI REALTORS MLS
MLS#: A11787070
MIAMI REALTORS MLS

Investment Summary


Potential Missing Expenses

We noticed that HOA fees are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$734
Cap Rate
4.5%
Cash-on-Cash Return
-7.1%
Debt Coverage Ratio
0.73
Internal Rate of Return (5 years)
-2.9%

Purchase Details

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Purchase price:
$540,000
Amount financed:
-$432,000
Down payment:
$108,000
Closing costs:
$16,200
Rehab costs:
$0
Initial cash invested:
$124,200
Square feet:
1,248
Cost per square foot:
$433
Monthly rent per square foot:
$3.12

Financing Details

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Loan amount:
$432,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,766
Property tax:
$659
Insurance:
$273
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,698

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,900 $46,800
Vacancy loss: (6%)
6% -$234 -$2,808
Operating income:
$3,666 $43,992

Operating Expenses


% Rent Monthly Yearly
Property taxes: (17%)
17%-$659-$7,906
Insurance: (7%)
7%-$273-$3,276
Property management: (8%)
8%-$312-$3,744
Repairs & maintenance: (5%)
5%-$195-$2,340
Capital expenditures: (5%)
5%-$195-$2,340
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (42%)
42%-$1,634-$19,606

Cash Flow


Monthly Yearly
Net operating income:
$2,032 $24,384
Mortgage payments:
-$2,766 -$33,192
Cash flow:
$734 $8,808