200 Leslie Dr #225 · Hallandale Beach, FL 33009

$299,000

2 bd · 2.0 ba · 1,075 sqft · Condo public records · 137 Days on market

Built 1982 $885/mo HOA · 19% of rent

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +28.1/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.1/10.0
• Livability +4.0/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

2/2 Located in desiderable THREE ISLAND AREA. Step into this stylish and spacious condo featuring a bright open layout and a beautifully updated kitchen with sleek stainless-steel appliances—perfect for entertaining or everyday living. Enjoy the comfort of two updated bathrooms, designed with modern finishes for a fresh and elegant touch. Located in a well-maintained community with exceptional amenities, including tennis courts, a sparkling pool, state-of-the-art fitness center, relaxing sauna, 24-hour security, and more. Just minutes from the beach, top-tier shopping, and dining options—this is the perfect place to enjoy the best of coastal living.

Key facts

• Fitness center
• Tennis courts
• Updated bathrooms

Tags

• UPDATED KITCHEN
• STAINLESS-STEEL APPLIANCES
• UPDATED BATHROOMS
• MODERN FINISHES
• TENNIS COURTS
• FITNESS CENTER

Property features AI

Finance

• Financial info: Lease considered; Pets allowed (dogs ok)
• HOA & community: Monthly association fee; Association fee includes amenities, common areas, cable TV, insurance, laundry, grounds maintenance, and structure maintenance; Community amenities: billiard room, bike storage, business center, clubhouse, community kitchen, library, barbecue, picnic area, sauna, storage, tennis courts, elevators; Senior community

Exterior

• Parking: Covered guest parking (1 space); 1-car garage
• Security: Secured elevator; Security/high impact doors
• Utilities: Cable available
• Home design: Attached property; 7-story building; Entry on level 2
• Construction: Block construction; Resale property
• Exterior features: Barbecue area; Security/high impact doors; Tennis courts; Exterior lighting; Elevator secured

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator; Self-cleaning oven; Trash compactor
• Flooring: Ceramic tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Electric cooling
• Interior features: Accessible kitchen with wheelchair access and accessible doors; Breakfast area; Second floor entry; Ceramic tile flooring

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $299k.

Deal economics

• At list price, monthly cash flow is $510 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($5k rent vs $299k).
• Recommended offer: $263k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.1% vs local median 5.2% in Hallandale Beach — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 81/100 on livability (#86 in FL, #1,400 nationally) — a professional / high-income tenant draw. Strengths: commute A+, health & safety A+, crime B+; Watch: schools C-, employment D-.
• Broward (suburban): math 42% / reading 53% proficiency, ranked #46 of 73 in FL (top 63%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents flat; 1373 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 2,111 units permitted in Broward County in 2024 (1,265 in 5+ unit buildings).
• At $4,700/mo this rent would consume 108% of the median local household income ($52k/yr) (locally 3293% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
• Broward County population projected at +34% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 137 days — a 12% lower offer ($263k) is reasonable based on typical stale-listing flexibility.
• 12 sale attempts since 12y ago; this cycle's ask is 11625% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $180k; list at $299k implies a 66% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $263,120 (12.0% below list)

Questions for the listing agent

1. It's been on market 137 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.57% ✓
• Cap rate: 10.05%
• Cash-on-cash: 13.42%
• DSCR: 1.60
• GRM: 5.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.43% rent growth · sell at horizon

5-year hold

• IRR: -9.1%
• Equity multiple: 0.68×
• Total profit: $-27,062
• Equity at exit: $44,582

10-year hold

• IRR: -5.5%
• Equity multiple: 0.70×
• Total profit: $-24,812
• Equity at exit: $25,852

Cash invested: $83,720 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 33009

• Rents YoY: 0.4%
• Active inventory: 1373
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $4,700 high
• Mortgage (P&I): −$1,568
• Tax from tax record: −$199 /mo · $2,386/yr
• Insurance: −$125
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$885
• Vacancy / Maint / Mgmt: −$987
• Net cashflow: $510

Break-even live

Break-even rent $4,054

Max offer price $299,000

Occupancy floor 84%

Sensitivity live

Price	-10% $679	-5% $594	+0% $510	+5% $425	+10% $341
Rent	-10% $139	-5% $324	+0% $510	+5% $695	+10% $881
Rate	-1.0pp $660	-0.5pp $586	base $510	+0.5pp $432	+1.0pp $353

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $74,750
• Closing costs: $8,970
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3800 S Ocean Dr #1818 Hollywood, FL	2.0	2.0	1270	$3,800	$2.99	5d	1	0.18mi
3800 S Ocean Dr #1818 Hollywood, FL	2.0	2.0	1270	$4,200	$3.31	8d	1	0.18mi
3800 S Ocean Dr Hollywood, FL	2.0	2.0	1301	$3,775	$2.90	6d	2	0.19mi
3800 S Ocean Dr Hollywood, FL	2.0	2.0	1302	$3,750	$2.88	4d	3	0.19mi
2500 Parkview Dr #2518 Hallandale Beach, FL	2.0	2.0	1280	$4,000	$3.12	8d	1	0.22mi
2500 Parkview Dr #2518 Hallandale Beach, FL	2.0	2.0	1280	$4,000	$3.12	14d	1	0.22mi
3725 S Ocean Dr Hollywood, FL	2.0–3.0	2.0	1454	$4,000	$2.75	25d	6	0.26mi
3725 S Ocean Dr Hollywood, FL	2.0–3.0	2.0	1377	$4,000	$2.90	14d	8	0.26mi
3725 S Ocean Dr Hollywood, FL	2.0–3.0	2.0	1377	$4,000	$2.90	3d	7	0.26mi
3725 S Ocean Dr Unit 1339235P Hollywood, FL	2.0	2.0	1248	$5,429	$4.35	3d	1	0.26mi
3801 S Ocean Dr Unit 7X Hollywood, FL	2.0	1.5	1236	$3,800	$3.07	25d	1	0.28mi
3801 S Ocean Dr Unit 4R Hollywood, FL	1.0	1.0	812	$3,850	$4.74	25d	1	0.28mi
3801 S Ocean Dr Unit 7O Hollywood, FL	2.0	2.0	1173	$5,000	$4.26	25d	1	0.28mi
3801 S Ocean Dr Unit 10V Hollywood, FL	2.0	2.0	1176	$4,300	$3.66	25d	1	0.28mi
3801 S Ocean Dr Unit 7O Hollywood, FL	2.0	2.0	1173	$5,000	$4.26	6d	1	0.28mi
4010 S Ocean Dr Hollywood, FL	1.0–3.0	1.0–3.5	1078	$7,250	$6.73	25d	5	0.28mi
4010 S Ocean Dr Unit 1227485P Hollywood, FL	2.0–3.0	2.0	1118	$5,049	$4.51	16d	2	0.29mi
4010 S Ocean Dr Unit T3509 Hollywood, FL	2.0	2.0	1060	$6,000	$5.66	22d	1	0.29mi
4010 S Ocean Dr Unit R504 Hollywood, FL	3.0	2.0	1122	$10,000	$8.91	8d	1	0.29mi
4010 S Ocean Dr Unit T3708 Hollywood, FL	3.0	2.5	1361	$8,000	$5.88	24d	1	0.29mi
4010 S Ocean Dr Unit R504 Hollywood, FL	3.0	2.0	1122	$10,000	$8.91	25d	1	0.29mi
4010 S Ocean Dr Unit T3609 Hollywood, FL	2.0	2.0	1060	$6,300	$5.94	25d	1	0.29mi
4010 S Ocean Dr Unit R2102 Hollywood, FL	2.0	2.0	1075	$6,500	$6.05	25d	1	0.29mi
4010 S Ocean Dr Unit 1388506P Hollywood, FL	2.0	2.0	1097	$4,881	$4.45	8d	1	0.29mi
4010 S Ocean Dr Unit R1108 Hollywood, FL	3.0	2.5	1361	$12,999	$9.55	25d	1	0.29mi
4010 S Ocean Dr Unit T3609 Hollywood, FL	2.0	2.0	1060	$6,300	$5.94	4d	1	0.29mi
4010 S Ocean Dr Unit R2004 Hollywood, FL	3.0	2.0	1129	$7,500	$6.64	25d	1	0.29mi
2723 E Hallandale Beach Blvd Unit 1049813P Hollywood, FL	3.0	2.0	1496	$6,498	$4.34	3d	1	0.29mi
3901 S Ocean Dr Unit 10Z Hollywood, FL	1.0	1.0	874	$4,000	$4.58	4d	1	0.30mi
3901 S Ocean Dr Unit 10Z Hollywood, FL	1.0	1.0	874	$4,000	$4.58	25d	1	0.30mi
3901 S Ocean Dr Unit 11M Hollywood, FL	1.0	1.0	874	$4,400	$5.03	25d	1	0.30mi
3901 S Ocean Dr Unit 14E Hollywood, FL	2.0	2.0	1355	$4,500	$3.32	25d	1	0.30mi
3901 S Ocean Dr Unit 10M Hollywood, FL	1.0	1.0	874	$5,000	$5.72	25d	1	0.30mi
3901 S Ocean Dr Unit 11M Hollywood, FL	1.0	1.0	874	$4,400	$5.03	4d	1	0.30mi
3901 S Ocean Dr Unit 8E Hollywood, FL	2.0	2.0	1355	$5,500	$4.06	25d	1	0.30mi
3901 S Ocean Dr Unit 1227197P Hollywood, FL	1.0–2.0	1.0–2.0	1054	$3,820	$3.62	2d	2	0.30mi
3505 S Ocean Dr Hollywood, FL	1.0–2.0	1.5–2.0	1085	$6,500	$5.99	13d	17	0.30mi
3505 S Ocean Dr Hollywood, FL	1.0–2.0	1.5–2.0	1085	$6,500	$5.99	11d	18	0.30mi
3505 S Ocean Dr Unit 1049820P Hollywood, FL	1.0	1.0	785	$4,827	$6.15	3d	1	0.31mi
2721 E Hallandale Beach Blvd Unit 1049818P Hollywood, FL	1.0–2.0	1.0–2.0	946	$5,897	$6.23	4d	2	0.31mi

HOA detail condo

• Monthly dues: $885 · $10,620/yr
• Likely covers: poolgymsecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 50 events

1. 2026-06-18
   days on market $299,000 Active 137 DOM
2. 2026-06-17
   days on market $299,000 Active 136 DOM
3. 2026-06-16
   days on market $299,000 Active 135 DOM
4. 2026-06-15
   days on market $299,000 Active 134 DOM
5. 2026-06-13
   days on market $299,000 Active 132 DOM
6. 2026-06-09
   days on market $299,000 Active 128 DOM
7. 2026-06-07
   days on market $299,000 Active 126 DOM
8. 2026-06-04
   days on market $299,000 Active 123 DOM
9. 2026-06-03
   days on market $299,000 Active 122 DOM
10. 2026-06-02
    days on market $299,000 Active 121 DOM
11. 2026-06-01
    days on market $299,000 Active 120 DOM
12. 2026-05-31
    days on market $299,000 Active 119 DOM
13. 2026-04-22
    historical $2,550
14. 2026-04-13
    listed $2,550
15. 2026-04-07
    historical $2,400
16. 2026-03-31
    price $2,400
17. 2026-02-27
    listed $2,550
18. 2026-02-01
    listed $299,000 Active
19. 2026-01-25
    historical
20. 2026-01-16
    price $299,000
21. 2025-07-20
    price $332,000
22. 2025-07-16
    price $340,000
23. 2025-06-26
    listed $345,000 Active
24. 2024-03-08
    historical $2,500
25. 2024-03-07
    historical
26. 2024-03-06
    price $355,000
27. 2024-03-03
    price $2,500
28. 2024-03-03
    price $360,000
29. 2024-02-22
    price $2,650
30. 2024-02-16
    price $2,700
31. 2024-02-11
    price $370,000
32. 2024-02-05
    listed $2,750
33. 2024-02-04
    listed $375,000 Active
34. 2020-10-16
    historical
35. 2020-08-21
    price $229,000
36. 2020-08-16
    price $235,000
37. 2020-07-30
    listed $240,000 Active
38. 2020-05-25
    historical
39. 2020-04-09
    price $221,000
40. 2020-01-07
    price $218,000
41. 2019-12-19
    price $225,000
42. 2019-12-19
    listed $125,000 Active
43. 2019-10-27
    historical
44. 2019-10-14
    price $225,000
45. 2019-08-28
    price $235,000
46. 2019-06-25
    price $229,000
47. 2019-05-02
    price $239,000
48. 2019-02-28
    listed $249,000 Active
49. 2017-09-14
    soldstatus $180,000
50. 2017-09-05
    soldstatus $180,000 Sold

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $2,386 · $199/mo
• Projected year-2 tax: $2,482 · $207/mo
• Expected delta: +$96/yr (+$8/mo · 4.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone AE · 78% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 6 d/yr ≥104°F today · 20 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $56,396
• − Mortgage interest: −$16,749
• − Property taxes: −$2,386
• − Insurance: −$6,614
• − Repairs & maintenance: −$4,512
• − Management: −$4,512
• − HOA: −$10,620
• − Depreciation: −$8,698
• Taxable income: $2,306
• Est. tax owed @ 24.0%: −$554
• After-tax cash flow: $5,564/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Broward
• NCES district ID: 1200180
• Math proficiency: 42% ▼ -18.00%
• Reading proficiency: 53% ▼ -5.00%
• Median HH income: $52,139
• Composite: 40.88/100
• National rank: #3621
• State rank: #46 of 73 in FL

Livability — Hallandale Beach

• Score: 81/100
• State rank: #86
• US rank: #1400

Category grades

Amenities B Commute A+ Cost of living B+ Crime B+ Employment D- Housing B+ Health & safety A+ User ratings B+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hallandale Beach, FL
• County: Broward County · 1,963,430 people
• City population: 44,021
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 44,502
• Household income: $52,079
• Rent vs Own: 44.4% rent · 55.6% own
• Severe rent burden: 3293.0

Population outlook (Broward County) Hauer SSP2

• Today (2025): 2,207,033 people
• By 2030: 2,360,704 · +7.0%
• By 2040: 2,661,208 · +20.6%
• By 2050: 2,946,698 · +33.5%
• By 2075: 3,602,273 · +63.2%
• By 2100: 3,970,984 · +79.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.67)
• Race & ethnicity: Hispanic / Latino 39% White 39% Two or more races 24% Black 17% Asian 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3% Cuban 9% Dominican 3% Salvadoran 2%
• Common ancestry: Scotch-Irish 5% Hispanic 5% Subsaharan African 3%
• Foreign-born: 51% · Canada, Jamaica, Dominican Republic
• Languages at home: 38% English-only · Spanish 36% Russian/Polish/Slavic 12% French/Haitian/Cajun 7%

Political lean MEDSL · Broward

• 2024 margin: D (+17.0) · D 58.0% · R 41.0%
• 2008→2024 swing: -17.8pp toward R · 2008: 34.7pp · 2024: 17.0pp
• All cycles: 2024: D+17.0 2020: D+29.8 2016: D+35.0 2012: D+34.9 2008: D+34.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -299.13%
• Current HPI: 329.9081
• Rent YoY: ▲ 0.43%
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

-100.0% since first listed

50 events — show timeline

• 2026-04-22 Rental Removed $2,550 MARMLS
• 2026-04-13 Listed for Rent $2,550 MARMLS
• 2026-04-07 Rental Removed $2,400 MARMLS
• 2026-03-31 Price Changed $2,400 MARMLS
• 2026-02-27 Listed for Rent $2,550 MARMLS
• 2026-02-01 Listed $299,000 MARMLS
• 2026-01-25 Listing Removed — MARMLS
• 2026-01-16 Price Changed $299,000 MARMLS
• 2025-07-20 Price Changed $332,000 MARMLS
• 2025-07-16 Price Changed $340,000 MARMLS
• 2025-06-26 Listed $345,000 MARMLS
• 2024-03-08 Rental Removed $2,500 MARMLS
• 2024-03-07 Listing Removed — MARMLS
• 2024-03-06 Price Changed $355,000 MARMLS
• 2024-03-03 Price Changed $2,500 MARMLS
• 2024-03-03 Price Changed $360,000 MARMLS
• 2024-02-22 Price Changed $2,650 MARMLS
• 2024-02-16 Price Changed $2,700 MARMLS
• 2024-02-11 Price Changed $370,000 MARMLS
• 2024-02-05 Listed for Rent $2,750 MARMLS
• 2024-02-04 Listed $375,000 MARMLS
• 2020-10-16 Listing Removed — MARMLS
• 2020-08-21 Price Changed $229,000 MARMLS
• 2020-08-16 Price Changed $235,000 MARMLS
• 2020-07-30 Listed $240,000 MARMLS
• 2020-05-25 Listing Removed — MARMLS
• 2020-04-09 Price Changed $221,000 MARMLS
• 2020-01-07 Price Changed $218,000 MARMLS
• 2019-12-19 Price Changed $225,000 MARMLS
• 2019-12-19 Listed $125,000 MARMLS
• 2019-10-27 Listing Removed — MARMLS
• 2019-10-14 Price Changed $225,000 MARMLS
• 2019-08-28 Price Changed $235,000 MARMLS
• 2019-06-25 Price Changed $229,000 MARMLS
• 2019-05-02 Price Changed $239,000 MARMLS
• 2019-02-28 Listed $249,000 MARMLS
• 2017-09-14 Sold (Public Records) $180,000 Public Records
• 2017-09-05 Sold (MLS) $180,000 MARMLS
• 2017-08-23 Pending — MARMLS
• 2017-07-21 Pending — MARMLS
• 2017-07-11 Price Changed $190,000 MARMLS
• 2017-05-26 Price Changed $200,000 MARMLS
• 2017-02-06 Listed $220,000 MARMLS
• 2014-12-05 Sold (Public Records) $160,000 Public Records
• 2014-12-05 Sold (MLS) $160,000 MARMLS
• 2014-11-27 Pending — MARMLS
• 2014-09-10 Relisted — MARMLS
• 2014-09-09 Pending — MARMLS
• 2014-09-03 Listed $165,000 MARMLS
• 2001-07-19 Sold (Public Records) $24,050,000 Public Records

Property tax history

+6.5%/yr

Latest (2025): $2,386 · +2.7% YoY. Source: county tax records.