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$550,000

For Sale - Active
2030 S Ocean Dr Apt 2018, 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: 13 hours ago
Updated: Jun 19, 2025 at 03:18AM

Investment Summary


Monthly Cash Flow
-$2,433
Cap Rate
1.0%
Cash-on-Cash Return
-23.1%
Debt Coverage Ratio
0.16
Internal Rate of Return (5 years)
-18.3%

Property Description


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

Stunning Ocean view apartment in sought- After Hallandale beach Experience, the Ultimate coastal living in this beautifully maintained 2 Bedroom, 2 Bathroom unit with breathtaking Ocean Views. Situated in a secure, amenity rich building just steps from the Ocean, this spacious residence offers the perfect blend of luxury, and convenience. Relax and unwind in the generously sized bedrooms with en-suite bathrooms. with secure building access and a prime location near shops, restaurants, and entertainment, enjoy the ultimate in beachfront living. Don't miss the chance this exceptional residence your new coastal haven. NO ASSESSMENTS, Maintenance is paid quarterly $3,795.45/Qtr. $282.05/Qtr is Credited to building reserves from the maintenance payment. No leasing first year.

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Location


Property Details


Parking

  • Description: OneSpace
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

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

Interior Features

  • # of Stories: 22

HOA

  • Has HOA: Yes
  • HOA Fee: $3,742/quarterly

Land Information

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

Lot Information

  • Parcel ID: 514226BE4600
  • Lot Size: 0 sqft

Property Information

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

Tax Information

  • Annual Tax: $8,652

Utilities

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

Location

  • County: Broward

Listing Details


Listed by:
Joali Mast
United Realty Group Inc
(305) 788-1287

Source:
MIAMI REALTORS MLS
MLS#: A11690633
MIAMI REALTORS MLS

Investment Summary


Monthly Cash Flow
-$2,433
Cap Rate
1.0%
Cash-on-Cash Return
-23.1%
Debt Coverage Ratio
0.16
Internal Rate of Return (5 years)
-18.3%

Purchase Details

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Purchase price:
$550,000
Amount financed:
-$440,000
Down payment:
$110,000
Closing costs:
$16,500
Rehab costs:
$0
Initial cash invested:
$126,500
Square feet:
1,248
Cost per square foot:
$441
Monthly rent per square foot:
$2.80

Financing Details

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Loan amount:
$440,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$2,880
Property tax:
$721
Insurance:
$245
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,846

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,500 $42,000
Vacancy loss: (6%)
6% -$210 -$2,520
Operating income:
$3,290 $39,480

Operating Expenses


% Rent Monthly Yearly
Property taxes: (21%)
21%-$721-$8,652
Insurance: (7%)
7%-$245-$2,940
Property management: (8%)
8%-$280-$3,360
Repairs & maintenance: (5%)
5%-$175-$2,100
Capital expenditures: (5%)
5%-$175-$2,100
HOA fees: (36%)
36%-$1,247-$14,964
Total operating expenses: (81%)
81%-$2,843-$34,116

Cash Flow


Monthly Yearly
Net operating income:
$447 $5,364
Mortgage payments:
-$2,880 -$34,560
Cash flow:
$2,433 $29,196