215 SE 3rd Ave Unit 403A · Hallandale Beach, FL 33009

$149,999

1 bd · 2.0 ba · 755 sqft · Condo public records · 324 Days on market

Built 1968 $610/mo HOA · 25% of rent

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Why this score? — see what drove the C+ 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 +24.3/30.0
• 1% rule +10.0/10.0
• DSCR +7.8/10.0
• 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

Rare opportunity to own a furnished apartment in a well-maintained 55+ community in a prime Hallandale Beach location. Ideally situated near Aventura Mall, Gulfstream Park & Casino, Aventura Hospital, public library, YMCA, post office, shopping, dining, and entertainment. Just a short 2-minute drive to Hallandale Public Beach. The building has been completely renovated and freshly painted, creating a clean and welcoming environment. This move-in ready unit includes one assigned parking space plus guest parking for visitors. Excellent investment opportunity with a tenant already in place through July 2026, providing immediate and reliable rental income. Enjoy the convenience of living

Key facts

• Near gulfstream park
• Near aventura mall
• Near casino

Tags

• CONVENIENTLY LOCATED
• NEAR AVENTURA MALL
• NEAR AVENTURA HOSPITAL
• NEAR PUBLIC LIBRARY
• NEAR GULFSTREAM PARK
• NEAR CASINO

Property features AI

Finance

• Other: Annual taxes listed (not included per instructions)
• Financial info: Lease considered; Pets not allowed / pet restrictions
• HOA & community: Monthly association fee of $610; Association amenities include clubhouse, elevators, laundry, pool, and storage; Association covers amenities, common areas, cable TV, hot water, pest control, pool(s), trash and water; Senior community

Exterior

• Parking: 1 covered parking space; Garage with 1 space
• Security: Intercom; Lobby secured
• Utilities: Water included in association; Trash included in association; Cable TV included in association; Hot water included in association
• Home design: Attached property; Located on entry level 4; Building has 5 stories
• Construction: Block construction; Resale property
• Exterior features: Association pool; Intercom; Secured lobby

Interior

• Kitchen: Dishwasher; Electric range; Microwave
• Bedrooms: Bedroom on main level
• Flooring: Marble; Tile
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Eat-in kitchen; First-floor entry; Living/dining room; Bedroom on main level
• Laundry & utility: Common area laundry

What this means for you Summary

Snapshot

• This is a 1-bed/2.0-bath condo listed at $150k.

Deal economics

• At list price, monthly cash flow is $-124 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $128k (14.6% below list).
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $128k (14.6% below list) — sets the bar for cash-flow.
• Cap rate 8.7% 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; 25 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 $2,478/mo this rent would consume 57% 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 $1k of loan paydown is wiped out by about $4k 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 324 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 14 sale attempts since 8y ago; this cycle's ask has dropped $19k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $98k; list at $150k implies a 53% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; HOA is 25% of rent.
• 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 7→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $128,048 (14.6% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 324 days. Have you received any prior offers? Is the seller open to a 15% concession, seller financing, or rate buy-down credit?
3. Built in 1968 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
6. 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?
7. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
8. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
9. 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.
10. 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.
11. 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: 1.65% ✓
• Cap rate: 8.71%
• Cash-on-cash: 8.64%
• DSCR: 1.38
• GRM: 5.0

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: -28.1%
• Equity multiple: 0.10×
• Total profit: $-37,789
• Equity at exit: $22,365

10-year hold

• IRR: -67.3%
• Equity multiple: -0.54×
• Total profit: $-64,689
• Equity at exit: $12,969

Cash invested: $42,000 (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: 5.0×

Monthly cashflow live

• Estimated rent: $2,478 high
• Mortgage (P&I): −$787
• Tax from tax record: −$197 /mo · $2,359/yr
• Insurance: −$62
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$610
• Vacancy / Maint / Mgmt: −$520
• Net cashflow: $-124

Break-even live

Break-even rent $2,636

Max offer price $128,048

Occupancy floor —

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
215 SE 5th St Hallandale Beach, FL	2.0–3.0	2.0	1133	$2,700	$2.38	24d	5	0.19mi
90 SW 3rd St Unit 2400 Hallandale Beach, FL	2.0	2.0	1079	$3,700	$3.43	24d	1	0.27mi
401 N Federal Hwy Hallandale Beach, FL	1.0–3.0	1.0–2.0	973	$1,892	$1.94	15d	48	0.48mi
1180 E Hallandale Beach Blvd Unit 1241877P Hallandale Beach, FL	1.0–2.0	1.0–2.0	844	$2,465	$2.92	3d	2	0.54mi
829 SW 1st St Hallandale Beach, FL	2.0	2.0	850	$1,985	$2.34	24d	1	0.91mi
200 E Pembroke Rd Hallandale Beach, FL	3.0	1.0–2.0	1006	$2,840	$2.82	1d	62	0.92mi
220 SW 9th Ave #516 Hallandale Beach, FL	2.0	2.0	918	$2,200	$2.40	24d	1	0.99mi
220 SW 9th Ave #219 Hallandale Beach, FL	1.0	1.0	625	$1,550	$2.48	4d	1	0.99mi
220 SW 9th Ave Hallandale Beach, FL	1.0–2.0	1.0–2.0	771	$1,580	$2.05	20d	2	1.00mi
101 Diplomat Pkwy Hallandale Beach, FL	1.0	1.0	859	$3,740	$4.35	24d	1	1.09mi
1033 SW 3rd St Hallandale Beach, FL	2.0	1.0	875	$2,800	$3.20	24d	1	1.11mi
230 SW 11th Ave #17 Hallandale Beach, FL	1.0	1.0	580	$1,390	$2.40	4d	1	1.24mi
280 SW 11th Ave #5 Hallandale Beach, FL	1.0	1.0	580	$1,475	$2.54	24d	1	1.25mi
832 NW 10th St Unit 1 Hallandale Beach, FL	2.0	1.0	800	$1,800	$2.25	24d	1	1.27mi
900 SW 11th Ave Unit 17C Hallandale Beach, FL	1.0	1.0	625	$1,600	$2.56	24d	1	1.37mi
920 SW 11th Ave Unit 11D Hallandale Beach, FL	2.0	1.0	848	$1,695	$2.00	24d	1	1.38mi
2601 E Hallandale Beach Blvd Unit 1227344P Hallandale Beach, FL	1.0–2.0	1.0–2.0	844	$2,465	$2.92	2d	2	1.39mi
2602 E Hallandale Beach Blvd Hallandale Beach, FL	1.0–2.0	1.0–2.0	1070	$4,219	$3.94	20d	4	1.39mi
2602 E Hallandale Beach Blvd Hallandale Beach, FL	3.0	1.0–3.0	1011	$3,862	$3.82	2d	5	1.39mi
2602 E Hallandale Beach Blvd Hallandale Beach, FL	1.0–2.0	1.0–2.0	1092	$4,750	$4.35	24d	3	1.39mi
2600 E Hallandale Beach Blvd Unit T3208 Hallandale Beach, FL	2.0	2.0	1030	$6,950	$6.75	24d	1	1.40mi
2600 E Hallandale Beach Blvd Unit T3307 Hallandale Beach, FL	2.0	2.0	1030	$4,500	$4.37	24d	1	1.40mi
2600 E Hallandale Beach Blvd Unit T3110 Hallandale Beach, FL	2.0	2.0	1028	$3,650	$3.55	24d	1	1.40mi
1041 NW 7th Ct Unit 2 Hallandale Beach, FL	1.0	1.0	600	$1,550	$2.58	24d	1	1.41mi
1046 Foster Rd Hallandale Beach, FL	2.0	1.0	750	$1,795	$2.39	7d	1	1.49mi

HOA detail condo

• Monthly dues: $610 · $7,320/yr
• Likely covers: parking
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 50 events

1. 2026-06-18
   days on market $149,999 Active 324 DOM
2. 2026-06-17
   days on market $149,999 Active 323 DOM
3. 2026-06-16
   days on market $149,999 Active 322 DOM
4. 2026-06-15
   days on market $149,999 Active 321 DOM
5. 2026-06-13
   days on market $149,999 Active 319 DOM
6. 2026-06-09
   days on market $149,999 Active 315 DOM
7. 2026-06-07
   days on market $149,999 Active 313 DOM
8. 2026-06-04
   days on market $149,999 Active 310 DOM
9. 2026-06-03
   days on market $149,999 Active 309 DOM
10. 2026-06-02
    days on market $149,999 Active 308 DOM
11. 2026-06-01
    days on market $149,999 Active 307 DOM
12. 2026-05-31
    days on market $149,999 Active 306 DOM
13. 2026-03-13
    price $149,999
14. 2025-09-16
    price $159,000
15. 2025-07-29
    listed $169,000 Active
16. 2025-04-13
    historical
17. 2025-02-19
    price $169,900
18. 2024-07-13
    historical $1,500
19. 2024-07-03
    price $1,500
20. 2024-06-14
    price $1,200
21. 2024-06-11
    price $120,000
22. 2024-05-21
    price $1,600
23. 2024-05-21
    price $142,900
24. 2024-05-03
    listed $1,650
25. 2024-04-26
    historical $1,650
26. 2024-04-14
    listed $145,000 Active
27. 2024-04-12
    price $1,650
28. 2024-04-12
    listed $2,100
29. 2024-03-31
    historical
30. 2023-09-01
    status Active
31. 2023-09-01
    status Pending
32. 2023-08-31
    status Active
33. 2023-08-29
    status Pending
34. 2023-07-17
    price $165,000
35. 2023-03-31
    listed $185,000 Active
36. 2021-08-02
    soldstatus $98,000
37. 2021-07-29
    soldstatus $98,000 Closed
38. 2021-07-24
    status Pending
39. 2021-07-16
    price $100,000
40. 2021-07-16
    status Active
41. 2021-07-16
    price $100
42. 2021-07-16
    price $100
43. 2021-06-08
    status Pending
44. 2021-06-05
    status Active
45. 2021-06-04
    price $100,000
46. 2021-06-03
    status Pending
47. 2021-05-23
    price $100,000
48. 2021-05-19
    price $110,000
49. 2021-05-13
    listed $120,000 Active
50. 2021-05-04
    soldstatus $100,000

ⓘ 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: $2,359 · $197/mo
• Projected year-2 tax: $2,359 · $197/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 · 74% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥104°F today · 27 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: $29,742
• − Mortgage interest: −$8,402
• − Property taxes: −$2,359
• − Insurance: −$5,868
• − Repairs & maintenance: −$2,379
• − Management: −$2,379
• − HOA: −$7,320
• − Depreciation: −$4,364
• Taxable loss: −$3,331
• Est. tax savings @ 24.0%: +$799
• After-tax cash flow: $-692/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

+354.5% since first listed

53 events — show timeline

• 2026-03-13 Price Changed $149,999 MARMLS
• 2025-09-16 Price Changed $159,000 MARMLS
• 2025-07-29 Listed $169,000 MARMLS
• 2025-04-13 Listing Removed — MARMLS
• 2025-02-19 Price Changed $169,900 MARMLS
• 2024-07-13 Rental Removed $1,500 MARMLS
• 2024-07-03 Price Changed $1,500 MARMLS
• 2024-06-14 Price Changed $1,200 MARMLS
• 2024-06-11 Price Changed $120,000 MARMLS
• 2024-05-21 Price Changed $1,600 MARMLS
• 2024-05-21 Price Changed $142,900 MARMLS
• 2024-05-03 Listed for Rent $1,650 MARMLS
• 2024-04-26 Rental Removed $1,650 MARMLS
• 2024-04-14 Listed $145,000 MARMLS
• 2024-04-12 Price Changed $1,650 MARMLS
• 2024-04-12 Listed for Rent $2,100 MARMLS
• 2024-03-31 Listing Removed — MARMLS
• 2023-09-01 Relisted — MARMLS
• 2023-09-01 Pending — MARMLS
• 2023-08-31 Relisted — MARMLS
• 2023-08-29 Pending — MARMLS
• 2023-07-17 Price Changed $165,000 MARMLS
• 2023-03-31 Listed $185,000 MARMLS
• 2021-08-02 Sold (Public Records) $98,000 Public Records
• 2021-07-29 Sold (MLS) $98,000 MARMLS
• 2021-07-24 Pending — MARMLS
• 2021-07-16 Price Changed $100,000 MARMLS
• 2021-07-16 Relisted — MARMLS
• 2021-07-16 Price Changed $100 MARMLS
• 2021-07-16 Price Changed $100 MARMLS
• 2021-06-08 Pending — MARMLS
• 2021-06-05 Relisted — MARMLS
• 2021-06-04 Price Changed $100,000 MARMLS
• 2021-06-03 Pending — MARMLS
• 2021-05-23 Price Changed $100,000 MARMLS
• 2021-05-19 Price Changed $110,000 MARMLS
• 2021-05-13 Listed $120,000 MARMLS
• 2021-05-04 Sold (Public Records) $100,000 Public Records
• 2021-04-30 Sold (MLS) $100,000 MARMLS
• 2021-04-28 Pending — MARMLS
• 2021-02-10 Price Changed $105,000 MARMLS
• 2020-05-28 Listed $109,000 MARMLS
• 2020-03-13 Listing Removed — MARMLS
• 2019-09-13 Listed $109,000 MARMLS
• 2019-09-09 Listing Removed — MARMLS
• 2019-07-12 Price Changed $109,000 MARMLS
• 2019-03-09 Listed $114,000 MARMLS
• 2019-03-06 Listing Removed — MARMLS
• 2019-02-08 Price Changed $114,900 MARMLS
• 2018-12-02 Listed $119,000 MARMLS
• 2010-09-21 Sold (MLS) $45,000 MARMLS
• 2005-02-10 Sold (Public Records) $88,000 Public Records
• 1994-10-04 Sold (Public Records) $33,000 Public Records

Property tax history

+6.6%/yr

Latest (2025): $2,359 · -8.1% YoY. Source: county tax records.