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$360,000

For Sale - Active
430 Golden Isles Dr Apt 604, Hallandale Beach, FL 33009
2 Beds
2 Baths
1,035 Square Feet
0.00 Acres Lot
Built in 1968
For Sale - Active
Units n/a
Checked: 9 hours ago
Updated: May 22, 2025 at 01:59PM

Investment Summary


Monthly Cash Flow
-$736
Cap Rate
3.7%
Cash-on-Cash Return
-10.7%
Debt Coverage Ratio
0.60
Internal Rate of Return (5 years)
-6.3%

Property Description


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

Beautifully kept 2 bedroom 2 baths condo with spectacular view to the Golden Isles Lake! Spacious living areas with lots of natural light! All tiles throughout. Featuring hurricane-impact windows! Community boat dock available for up to 25 ft boats and no fixed bridges! Less than a mile from the beach! Close to everything - supermarkets, Walmart, fine restaurants, world-class horse racing & entertainment at Gulfstream Park. Minutes from Aventura Mall, east of US1 & 95.

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Location


Property Details


Parking

  • Description: Assigned, Guest
  • 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

HOA

  • Has HOA: Yes
  • HOA Fee: $732/monthly

Land Information

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

Lot Information

  • Parcel ID: 514226DB0430
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 1968

Tax Information

  • Annual Tax: $1,099

Utilities

  • Heating: Central
  • Cooling: Central Air, Ceiling Fan(s)

Location

  • County: Broward

Listing Details


Listed by:
Jason Zeligman Fallick
Florida Realty Fusion Corp
(305) 546-6097

Source:
MIAMI REALTORS MLS
MLS#: A11649990
MIAMI REALTORS MLS

Investment Summary


Monthly Cash Flow
-$736
Cap Rate
3.7%
Cash-on-Cash Return
-10.7%
Debt Coverage Ratio
0.60
Internal Rate of Return (5 years)
-6.3%

Purchase Details

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Purchase price:
$360,000
Amount financed:
-$288,000
Down payment:
$72,000
Closing costs:
$10,800
Rehab costs:
$0
Initial cash invested:
$82,800
Square feet:
1,035
Cost per square foot:
$348
Monthly rent per square foot:
$2.71

Financing Details

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Loan amount:
$288,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,844
Property tax:
$92
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,132

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,800 $33,600
Vacancy loss: (6%)
6% -$168 -$2,016
Operating income:
$2,632 $31,584

Operating Expenses


% Rent Monthly Yearly
Property taxes: (3%)
3%-$92-$1,099
Insurance: (7%)
7%-$196-$2,352
Property management: (8%)
8%-$224-$2,688
Repairs & maintenance: (5%)
5%-$140-$1,680
Capital expenditures: (5%)
5%-$140-$1,680
HOA fees: (26%)
26%-$732-$8,784
Total operating expenses: (54%)
54%-$1,524-$18,283

Cash Flow


Monthly Yearly
Net operating income:
$1,108 $13,296
Mortgage payments:
-$1,844 -$22,128
Cash flow:
$736 $8,832