1501 S Ocean Dr #201 · Hollywood, FL 33019

$325,000

2 bd · 2.0 ba · 1,585 sqft · Condo public records · 294 Days on market

Built 1970 $928/mo HOA · 19% 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 +21.7/30.0
• 1% rule +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +6.9/10.0
• Schools +4.1/10.0
• Livability +3.8/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Spacious 2 bedroom and 2 Bathroom Condo. 1480 sf. Large Format Tile Floors, all Impact Windows, Full Size Washer/Dryer and Plenty of Closet Space. Great Location, East of Ocean Dr. just Steps to the Beach and Hollywood's Famous Boardwalk. Close to Shops, Restaurants and FLL Airport. Maintenance Includes Cable, Internet, Water and Assigned Parking Space. 24/7 Surveillance. Community Room with Billiard and Ping Pong Table. Heated Pool, Sauna, BBQ. Investor friendly, Rent Immediately.

Key facts

• Steps to the beach
• Close to shops
• Impact windows

Tags

• LARGE FORMAT TILE FLOORS
• IMPACT WINDOWS
• PLENTY OF CLOSET SPACE
• STEPS TO THE BEACH
• HOLLYWOOD'S FAMOUS BOARDWALK
• CLOSE TO SHOPS

Property features AI

Finance

• Financial info: Pets not allowed
• HOA & community: Quarterly association fee; Association covers management, common areas, cable TV, insurance, internet, parking, pool(s), recreation facilities, sewer, trash, water; Community amenities include clubhouse, elevator(s), pool, sauna, trash service

Exterior

• Parking: One assigned parking space
• Security: Intercom; Lobby secured; Phone entry
• Utilities: Has cooling; Has heating
• Home design: Condominium in a 16-story building; Entry located on level 2; Property is attached
• Construction: Block construction
• Exterior features: Balcony; Open balcony/patio; Barbecue; Security/high-impact doors; Heated pool; Has view

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator; Garbage disposal
• Bedrooms: Bedroom on main level
• Flooring: Ceramic tile; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air (electric)
• Interior features: Elevator; Eat-in kitchen; Living/dining room; Walk-in closet(s); Bedroom on main level; Other
• Laundry & utility: Washer; Dryer; Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $325k.

Deal economics

• At list price, monthly cash flow is $75 ($899/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($5k rent vs $325k).
• Recommended offer: $286k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.1% vs local median 3.2% in Hollywood — 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 76/100 on livability (#232 in FL, #3,548 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, crime B+; Watch: amenities 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 rising (+2.9%/yr); 828 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 2,111 units permitted in Broward County in 2024 (1,265 in 5+ unit buildings).
• At $4,933/mo this rent would consume 61% of the median local household income ($96k/yr) (locally 563% 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 $10k 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 294 days — a 12% lower offer ($286k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y ago; this cycle's ask has dropped $24k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $95k; list at $325k implies a 242% 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 7→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $286,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 294 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. 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?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. 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.
9. 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.
10. 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: 1.52% ✓
• Cap rate: 8.14%
• Cash-on-cash: 6.61%
• DSCR: 1.29
• GRM: 5.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.92% rent growth · sell at horizon

5-year hold

• IRR: -14.5%
• Equity multiple: 0.48×
• Total profit: $-47,247
• Equity at exit: $48,459

10-year hold

• IRR: -5.4%
• Equity multiple: 0.64×
• Total profit: $-32,387
• Equity at exit: $28,100

Cash invested: $91,000 (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 33019

• Rents YoY: 2.9%
• Active inventory: 828
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $4,933 high
• Mortgage (P&I): −$1,704
• Tax from tax record: −$628 /mo · $7,535/yr
• Insurance: −$135
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$928
• Vacancy / Maint / Mgmt: −$1,036
• Net cashflow: $75

Break-even live

Break-even rent $4,838

Max offer price $325,000

Occupancy floor 93%

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: $81,250
• Closing costs: $9,750
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1201 S Ocean Dr Unit 1903S Hollywood, FL	2.0	2.0	1570	$5,000	$3.18	24d	1	0.15mi
2101 S Ocean Dr #1201 Hollywood, FL	2.0	2.0	1270	$4,200	$3.31	24d	1	0.25mi
2201 S Ocean Dr #1507 Hollywood, FL	2.0	2.0	1350	$5,000	$3.70	24d	1	0.25mi
2201 S Ocean Dr #2001 Hollywood, FL	2.0	2.0	1400	$3,800	$2.71	13d	1	0.25mi
2101 S Surf Rd Unit PHE Hollywood, FL	2.0	2.5	1902	$10,000	$5.26	1d	1	0.28mi
330 Madison St Hollywood, FL	2.0	2.0	1200	$3,500	$2.92	24d	1	0.32mi
2401 S Ocean Dr #1405 Hollywood, FL	2.0	2.0	1250	$4,250	$3.40	24d	1	0.32mi
2301 S Ocean Dr #2003 Hollywood, FL	2.0	2.0	1400	$5,500	$3.93	24d	1	0.34mi
2301 S Ocean Dr #2507 Hollywood, FL	2.0	2.0	1240	$4,300	$3.47	24d	1	0.34mi
2301 S Ocean Dr #607 Hollywood, FL	2.0	2.0	1240	$4,000	$3.23	24d	1	0.34mi
2501 S Ocean Dr Hollywood, FL	1.0–2.0	1.0–2.0	971	$5,400	$5.56	7d	7	0.40mi
2501 S Ocean Dr Hollywood, FL	1.0–2.0	1.0–2.0	971	$5,800	$5.97	14d	7	0.40mi
2501 S Ocean Dr Hollywood, FL	1.0–2.0	1.0–2.0	971	$5,800	$5.97	10d	6	0.40mi
2501 S Ocean Dr Hollywood, FL	1.0–2.0	1.0–2.0	971	$5,800	$5.97	19d	8	0.40mi
300 Oregon St #601 Hollywood, FL	2.0	2.0	1050	$4,000	$3.81	24d	1	0.40mi
317 Jackson St Hollywood, FL	3.0	3.0	2000	$5,300	$2.65	24d	1	0.46mi
2711 S Ocean Dr #606 Hollywood, FL	3.0	3.5	2088	$7,500	$3.59	24d	1	0.47mi
349 Virginia St #349 Hollywood, FL	3.0	2.5	1815	$3,950	$2.18	24d	1	0.49mi
2751 S Ocean Dr Unit 1706S Hollywood, FL	2.0	2.0	1360	$5,000	$3.68	24d	1	0.51mi
2751 S Ocean Dr Unit 508S Hollywood, FL	3.0	2.5	1868	$5,300	$2.84	7d	1	0.51mi
2751 S Ocean Dr Unit 508S Hollywood, FL	3.0	2.5	1868	$5,300	$2.84	17d	1	0.51mi
2751 S Ocean Dr Unit 1705 Hollywood, FL	2.0	2.0	1360	$5,000	$3.68	7d	1	0.51mi
101 S Ocean Dr Hollywood, FL	3.0	3.5	2115	$7,000	$3.31	24d	1	0.53mi
1364 Harbor Vw W Hollywood, FL	3.0	2.5	2126	$5,200	$2.45	24d	1	0.56mi
3001 S Ocean Dr #1211 Hollywood, FL	2.0	2.0	1208	$4,750	$3.93	24d	1	0.57mi
3001 S Ocean Dr #1211 Hollywood, FL	2.0	2.0	1208	$4,750	$3.93	7d	1	0.57mi
1041 Washington St Hollywood, FL	3.0	2.0	1699	$4,000	$2.35	24d	1	0.57mi
2414 NE 11th St Hallandale Beach, FL	3.0	2.5	2083	$3,800	$1.82	4d	1	0.58mi
825 NE 26th Ave Hallandale Beach, FL	3.0	2.0	1844	$4,200	$2.28	24d	1	0.62mi
3101 S Ocean Dr #2406 Hollywood, FL	3.0	3.0	2115	$6,700	$3.17	15d	1	0.63mi
3101 S Ocean Dr #1106 Hollywood, FL	3.0	3.0	2115	$7,000	$3.31	7d	1	0.63mi
3101 S Ocean Dr #3105 Hollywood, FL	2.0	3.0	2115	$7,250	$3.43	24d	1	0.63mi
3101 S Ocean Dr #1504 Hollywood, FL	2.0	2.5	1733	$7,500	$4.33	24d	1	0.63mi
3101 S Ocean Dr #2005 Hollywood, FL	2.0	3.0	2115	$7,000	$3.31	22d	1	0.63mi
3101 S Ocean Dr #1904 Hollywood, FL	2.0	2.5	1733	$5,500	$3.17	22d	1	0.63mi
3101 S Ocean Dr Hollywood, FL	3.0	3.0	2115	$6,850	$3.24	14d	1	0.63mi
3101 S Ocean Dr #1106 Hollywood, FL	3.0	3.0	2115	$7,000	$3.31	10d	1	0.63mi
822 NE 25th Ave Hallandale Beach, FL	3.0	2.5	2083	$5,000	$2.40	24d	1	0.65mi
3505 S Ocean Dr Hollywood, FL	1.0–2.0	1.5–2.0	1085	$6,500	$5.99	10d	18	0.67mi
3505 S Ocean Dr Hollywood, FL	1.0–2.0	1.5–2.0	1085	$6,500	$5.99	12d	17	0.67mi

HOA detail condo

• Monthly dues: $928 · $11,136/yr
• Likely covers: waterinternetcablepoolparking
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 21 events

1. 2026-06-18
   days on market $325,000 Active 294 DOM
2. 2026-06-17
   days on market $325,000 Active 293 DOM
3. 2026-06-16
   days on market $325,000 Active 292 DOM
4. 2026-06-15
   days on market $325,000 Active 291 DOM
5. 2026-06-13
   days on market $325,000 Active 289 DOM
6. 2026-06-09
   days on market $325,000 Active 285 DOM
7. 2026-06-07
   days on market $325,000 Active 283 DOM
8. 2026-06-04
   days on market $325,000 Active 280 DOM
9. 2026-06-03
   days on market $325,000 Active 279 DOM
10. 2026-06-02
    days on market $325,000 Active 278 DOM
11. 2026-06-01
    days on market $325,000 Active 277 DOM
12. 2026-05-31
    days on market $325,000 Active 276 DOM
13. 2025-10-28
    price $325,000
14. 2025-08-28
    listed $349,000 Active
15. 2025-07-15
    historical
16. 2024-07-16
    historical $2,500
17. 2024-07-15
    listed $399,000 Active
18. 2024-05-29
    price $2,500
19. 2024-05-07
    listed $2,600
20. 1998-03-05
    soldstatus $95,000
21. 1986-12-01
    soldstatus $90,000

ⓘ 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: $7,535 · $628/mo
• Projected year-2 tax: $7,535 · $628/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 9/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥104°F today · 28 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: $59,197
• − Mortgage interest: −$18,205
• − Property taxes: −$7,535
• − Insurance: −$6,744
• − Repairs & maintenance: −$4,736
• − Management: −$4,736
• − HOA: −$11,136
• − Depreciation: −$9,455
• Taxable loss: −$3,349
• Est. tax savings @ 24.0%: +$804
• After-tax cash flow: $1,703/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 — Hollywood

• Score: 76/100
• State rank: #232
• US rank: #3548

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hollywood, FL
• County: Broward County · 1,963,430 people
• City population: 109,079
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 14,293
• Household income: $96,497
• Rent vs Own: 24.0% rent · 76.0% own
• Severe rent burden: 563.0

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: Majority White (61%)
• Race & ethnicity: White 61% Hispanic / Latino 32% Two or more races 25% Black 2%
• Hispanic origin (detail): Puerto Rican 2% Cuban 6% Salvadoran 2%
• Common ancestry: Scotch-Irish 7% Romanian 4% Lithuanian 4%
• Foreign-born: 43% · Canada, Jamaica, Dominican Republic
• Languages at home: 53% English-only · Spanish 30% Russian/Polish/Slavic 6% Other Indo-European 4%

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: ▼ -434.82%
• Current HPI: 307.2922
• Rent YoY: ▲ 2.92%
• 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

+261.1% since first listed

9 events — show timeline

• 2025-10-28 Price Changed $325,000 MARMLS
• 2025-08-28 Listed $349,000 MARMLS
• 2025-07-15 Listing Removed — MARMLS
• 2024-07-16 Rental Removed $2,500 MARMLS
• 2024-07-15 Listed $399,000 MARMLS
• 2024-05-29 Price Changed $2,500 MARMLS
• 2024-05-07 Listed for Rent $2,600 MARMLS
• 1998-03-05 Sold (Public Records) $95,000 Public Records
• 1986-12-01 Sold (Public Records) $90,000 Public Records

Property tax history

+5.7%/yr

Latest (2025): $7,535 · -4.5% YoY. Source: county tax records.