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$344,900

For Sale - Active
430 Golden Isles Dr Apt 201, Hallandale Beach, FL 33009
2 Beds
2 Baths
1,000 Square Feet
0.00 Acres Lot
Built in 1968
For Sale - Active
Units n/a
Checked: 11 hours ago
Updated: May 18, 2025 at 03:05AM

Investment Summary


Monthly Cash Flow
-$890
Cap Rate
3.1%
Cash-on-Cash Return
-13.5%
Debt Coverage Ratio
0.50
Internal Rate of Return (5 years)
-9.0%

Property Description


0.00 Acres Lot
Built in 1968
For Sale - Active
Units n/a

Step inside this immaculately custom remodeled unit where no detail has been spared. Luxurious 48x48 porcelain tiles flow seamlessly throughout. Venetian plastered walls, textured wallpaper, electric blinds, modern light fixtures, and a mosaic beveled mirror add a touch of contemporary elegance. Kitchen features an expansive island, pearl metallic white counter tops, built-in white lacquer and brushed nickel cabinets. Newly updated stainless steel appliances, sink, faucet, and water heater. Water filtration system ensures you enjoy the purest water right from your tap. Primary bedroom has 2 spacious walk-in closets. Bathrooms have lighted mirrors & top mounted glass sinks. Relax by the pool and the community dock with available boat slips. Located just a short walk to the beach!

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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: 8
  • Fireplace: Yes

Exterior Features

  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • HOA Fee: $720/monthly

Land Information

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

Lot Information

  • Parcel ID: 514226DB0080
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 1968

Tax Information

  • Annual Tax: $4,853

Utilities

  • Heating: Central
  • Cooling: Central Air

Location

  • County: Broward

Listing Details


Listed by:
Jamie Quick
Compass Florida, LLC
(305) 794-6049

Source:
MIAMI REALTORS MLS
MLS#: A11777971
MIAMI REALTORS MLS

Investment Summary


Monthly Cash Flow
-$890
Cap Rate
3.1%
Cash-on-Cash Return
-13.5%
Debt Coverage Ratio
0.50
Internal Rate of Return (5 years)
-9.0%

Purchase Details

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Purchase price:
$344,900
Amount financed:
-$275,920
Down payment:
$68,980
Closing costs:
$10,347
Rehab costs:
$0
Initial cash invested:
$79,327
Square feet:
1,000
Cost per square foot:
$345
Monthly rent per square foot:
$2.90

Financing Details

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Loan amount:
$275,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,767
Property tax:
$404
Insurance:
$203
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,374

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,900 $34,800
Vacancy loss: (6%)
6% -$174 -$2,088
Operating income:
$2,726 $32,712

Operating Expenses


% Rent Monthly Yearly
Property taxes: (14%)
14%-$404-$4,853
Insurance: (7%)
7%-$203-$2,436
Property management: (8%)
8%-$232-$2,784
Repairs & maintenance: (5%)
5%-$145-$1,740
Capital expenditures: (5%)
5%-$145-$1,740
HOA fees: (25%)
25%-$720-$8,640
Total operating expenses: (64%)
64%-$1,849-$22,193

Cash Flow


Monthly Yearly
Net operating income:
$877 $10,524
Mortgage payments:
-$1,767 -$21,204
Cash flow:
$890 $10,680