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$265,000

For Sale - Active
3180 S Ocean Dr Apt 517, Hallandale Beach, FL 33009
1 Bed
1 Bath
851 Square Feet
0.00 Acres Lot
Built in 1972
For Sale - Active
Units n/a
Checked: 19 hours ago
Updated: Aug 19, 2025 at 10:43AM

Investment Summary


Monthly Cash Flow
-$1,118
Cap Rate
1.1%
Cash-on-Cash Return
-22.0%
Debt Coverage Ratio
0.18
Internal Rate of Return (5 years)
-17.2%

Property Description


0.00 Acres Lot
Built in 1972
For Sale - Active
Units n/a

Come and live in a resort style exclusive building right on the beach, conveniently next to Golden Beach! Being offered fully furnished, Home features a completely renovated kitchen with clear ceilings, and large master bedroom with great views! Building is currently going through a complete renovation, and will look spectacular when finished. You can also rent right away! 3 months minimum. HOA fees include water, hot water, cable TV, & fast wifi! This luxurious building has full amenities including beach access, heated pools, 2 gym & sauna, car wash area, bbq grills, library, & 24/7 security & valet! There is also free Hallandale bus service to shopping and mall.

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Location


Property Details


Parking

  • Description: Assigned, Covered, OneSpace
  • 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: 18

Exterior Features

  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • HOA Fee: $1,027/monthly

Land Information

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

Lot Information

  • Parcel ID: 514226DA0910
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 1972

Tax Information

  • Annual Tax: $5,509

Utilities

  • Heating: Central
  • Cooling: Central Air

Location

  • County: Broward

Listing Details


Listed by:
Darla Alexis
RE/MAX Consultants Realty 1
(561) 891-9239

Source:
BeachesMLS
MLS#: F10495574
BeachesMLS

Investment Summary


Monthly Cash Flow
-$1,118
Cap Rate
1.1%
Cash-on-Cash Return
-22.0%
Debt Coverage Ratio
0.18
Internal Rate of Return (5 years)
-17.2%

Purchase Details

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Purchase price:
$265,000
Amount financed:
-$212,000
Down payment:
$53,000
Closing costs:
$7,950
Rehab costs:
$0
Initial cash invested:
$60,950
Square feet:
851
Cost per square foot:
$311
Monthly rent per square foot:
$2.94

Financing Details

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Loan amount:
$212,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,357
Property tax:
$459
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,991

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (18%)
18%-$459-$5,509
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (41%)
41%-$1,027-$12,324
Total operating expenses: (84%)
84%-$2,111-$25,333

Cash Flow


Monthly Yearly
Net operating income:
$239 $2,868
Mortgage payments:
-$1,357 -$16,284
Cash flow:
-$1,118 -$13,416