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$170,000

For Sale - Active
230 SW 11th Ave Apt 15, Hallandale Beach, FL 33009
1 Bed
1 Bath
580 Square Feet
0.00 Acres Lot
Built in 1963
For Sale - Active
Units n/a
Checked: 18 hours ago
Updated: Sep 26, 2025 at 10:21AM

Investment Summary


Monthly Cash Flow
-$340
Cap Rate
3.7%
Cash-on-Cash Return
-10.4%
Debt Coverage Ratio
0.61
Internal Rate of Return (5 years)
-6.1%

Property Description


0.00 Acres Lot
Built in 1963
For Sale - Active
Units n/a

Excellent location, close to I-95 and US1. The apartment has lots of natural light, very spacious, laminate wood floor, nice and easy to clean. One assigned parking in front of the unit. The bedroom has a door to the back of the complex, with a nice area with a little garden with several trees. Great Tenant paying $1380 until June 2026.

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Location


Property Details


Parking

  • Description: Assigned, OneSpace
  • Details: Detached, Garage, Other
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 1

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 1.0

Interior Features

  • # of Stories: 2

HOA

  • Has HOA: Yes
  • HOA Fee: $997/quarterly

Land Information

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

Lot Information

  • Parcel ID: 514228AA0150
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Style: Other
  • Year Built: 1963

Tax Information

  • Annual Tax: $2,895

Utilities

  • Heating: Central
  • Cooling: Central Air

Location

  • County: Broward

Listing Details


Listed by:
Uiane Lim
Elite International Realty Inc
(954) 448-1436

Source:
MIAMI REALTORS MLS
MLS#: A11774654
MIAMI REALTORS MLS

Investment Summary


Monthly Cash Flow
-$340
Cap Rate
3.7%
Cash-on-Cash Return
-10.4%
Debt Coverage Ratio
0.61
Internal Rate of Return (5 years)
-6.1%

Purchase Details

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Purchase price:
$170,000
Amount financed:
-$136,000
Down payment:
$34,000
Closing costs:
$5,100
Rehab costs:
$0
Initial cash invested:
$39,100
Square feet:
580
Cost per square foot:
$293
Monthly rent per square foot:
$2.76

Financing Details

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Loan amount:
$136,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$871
Property tax:
$241
Insurance:
$112
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,224

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,600 $19,200
Vacancy loss: (6%)
6% -$96 -$1,152
Operating income:
$1,504 $18,048

Operating Expenses


% Rent Monthly Yearly
Property taxes: (15%)
15%-$241-$2,895
Insurance: (7%)
7%-$112-$1,344
Property management: (8%)
8%-$128-$1,536
Repairs & maintenance: (5%)
5%-$80-$960
Capital expenditures: (5%)
5%-$80-$960
HOA fees: (21%)
21%-$332-$3,984
Total operating expenses: (61%)
61%-$973-$11,679

Cash Flow


Monthly Yearly
Net operating income:
$531 $6,372
Mortgage payments:
-$871 -$10,452
Cash flow:
-$340 -$4,080