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$760,000

Under Contract
12928 SW 24th St, Miramar, FL 33027
4 Beds
3 Baths
2,634 Square Feet
0.18 Acres Lot
Built in 2002
Under Contract
Units n/a
Checked: 10 hours ago
Updated: Jun 19, 2025 at 03:26AM

Investment Summary


Monthly Cash Flow
-$1,152
Cap Rate
4.3%
Cash-on-Cash Return
-7.9%
Debt Coverage Ratio
0.70
Internal Rate of Return (5 years)
-3.7%

Property Description


0.18 Acres Lot
Built in 2002
Under Contract
Units n/a

Rarely available 1 story home with 4 bedrooms, 2.5 bathrooms and a 3 car garage in Portofino North-Monarch Lakes. The spacious family room seamlessly connects to the kitchen with granite countertops and wood cabinets. Enjoy a fabulous open-concept design with volume ceilings, tile floors & a fenced yard. The primary bedroom has a huge walk-in closet and ensuite bathroom with two vanities, soaker tub & a separate shower. The split floor-plan provides very spacious bedrooms. There's accordion shutters for convenient hurricane protection. Premier Gated community with a pool, gym, tennis & basketball courts and a playground. Centrally located near A+ schools, I-75, the turnpike, parks, shopping, restaurants & Pembroke Gardens. This home is perfect for those who appreciate tranquil living.

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Location


Property Details


Parking

  • Description: Garage
  • Details: Attached, Covered, Driveway, Garage, Paver Block, Garage Door Opener
  • Garage Spaces: 3
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 8
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Type: Gable or Hip
  • Roof Material: Barrel, Spanish Tile

HOA

  • Has HOA: Yes
  • HOA Fee: $166/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 514023070020
  • Lot Size: 7730 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch, OneStory
  • Year Built: 2002

Tax Information

  • Annual Tax: $5,682

Utilities

  • Water & Sewer: Public
  • Heating: Central, Electric
  • Cooling: Central Air, Ceiling Fan(s), Electric

Location

  • County: Broward

Listing Details


Listed by:
Sharon Flood
RE/MAX Select Group
(954) 650-2676

Source:
BeachesMLS
MLS#: F10478455
BeachesMLS

Investment Summary


Monthly Cash Flow
-$1,152
Cap Rate
4.3%
Cash-on-Cash Return
-7.9%
Debt Coverage Ratio
0.70
Internal Rate of Return (5 years)
-3.7%

Purchase Details

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Purchase price:
$760,000
Amount financed:
-$608,000
Down payment:
$152,000
Closing costs:
$22,800
Rehab costs:
$0
Initial cash invested:
$174,800
Square feet:
2,634
Cost per square foot:
$289
Monthly rent per square foot:
$1.86

Financing Details

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Loan amount:
$608,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$3,893
Property tax:
$474
Insurance:
$343
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,710

Operating Income

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% Rent Monthly Yearly
Gross rent:
$4,900 $58,800
Vacancy loss: (6%)
6% -$294 -$3,528
Operating income:
$4,606 $55,272

Operating Expenses


% Rent Monthly Yearly
Property taxes: (10%)
10%-$474-$5,682
Insurance: (7%)
7%-$343-$4,116
Property management: (8%)
8%-$392-$4,704
Repairs & maintenance: (5%)
5%-$245-$2,940
Capital expenditures: (5%)
5%-$245-$2,940
HOA fees: (3%)
3%-$166-$1,992
Total operating expenses: (38%)
38%-$1,865-$22,374

Cash Flow


Monthly Yearly
Net operating income:
$2,741 $32,892
Mortgage payments:
-$3,893 -$46,716
Cash flow:
$1,152 $13,824