Price $305,000.00
Listing ID A10899370
Status For Sale
Address
Map
118 NW 7th Ave, Dania Beach FL 33004
Area Dania Beach
Beds 3
Baths 3
Square Ft 1,341
Lot Size
Year Built

Description

Main house with mother in laws cottage. On lockbox easy to show main house. Cottage has tenant do not disturb please. Tenant has been there 3 years pays $1000 a month - same rent last three years. House should be about $1900-$2000 per month. Therefore total projected revenues are $34,800. With a 30% cash down ($94,500) and a mortgage of about $220,000, total expenses projected are about $20,000 (taxes: $6,300, mortgage interest $8800, insurance $4000, repairs $1000). Net profit is $14,800. For a cash on cash ROI of about 16%. That doesn't include appreciation or rental price increases over time. Hard to beat that ROI - especially in an up and coming area like Dania with Dania Pointe so close by. Seller is open to some seller financing. Property also has storage area.


Features

  • Cooling
  • Heating
  • Fireplace
  • View
  • Waterfront
  • Garage
  • Association

Map Location

Copyright 2020 Miami Association of Realtors MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS. Miami Association of Realtors MLS data last updated on 11/25/2020 1:00:00 AM