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$629,000

For Sale - Active
1593 NW 158th Ave, Pembroke Pines, FL 33028
4 Beds
2 Baths
1,590 Square Feet
0.13 Acres Lot
Built in 1997
For Sale - Active
Units n/a
Checked: 6 hours ago
Updated: May 16, 2025 at 03:31AM

Investment Summary


Monthly Cash Flow
-$1,765
Cap Rate
2.8%
Cash-on-Cash Return
-14.6%
Debt Coverage Ratio
0.45
Internal Rate of Return (5 years)
-10.2%

Property Description


0.13 Acres Lot
Built in 1997
For Sale - Active
Units n/a

Welcome to your home in the desirable Canary Bay Community of Towngate. Perfect for families or professionals looking for convenience and tranquility. This beautifully maintained single-story residence offers comfort, space, and sustainability. The home has been recently updated with a new roof and state-of-the-art solar panels, significantly reducing utility bills and your carbon footprint. Kitchen with granite countertops, wood cabinetry, stainless steel appliances, tile and wood floor, crown molding all over the house. The 4th bedroom can be used as a den/ office. Large back yard with mango trees, fully fenced for privacy. Close to major roads, shopping, entertainment, schools & hospitals. The community offers pools, playgrounds and other amenities. Cable and Internet included in HOA.

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Location


Property Details


Parking

  • Description: Attached, Covered, Carport, Driveway, Garage, GarageDoorOpener
  • Details: Attached, Driveway, Garage, Guest, Garage Door Opener
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 0
  • # of Stories: 1

Exterior Features

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

HOA

  • Has HOA: Yes
  • HOA Fee: $675/quarterly

Land Information

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

Lot Information

  • Parcel ID: 514009150830
  • Lot Size: 5754 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: OneStory
  • Year Built: 1997

Tax Information

  • Annual Tax: $8,797

Utilities

  • Water & Sewer: Public
  • Heating: Central, Electric
  • Cooling: Central Air, Electric

Location

  • County: Broward

Listing Details


Listed by:
Sara Haensel
Inmobiliata, LLC
(786) 563-2082

Source:
MIAMI REALTORS MLS
MLS#: A11800480
MIAMI REALTORS MLS

Investment Summary


Monthly Cash Flow
-$1,765
Cap Rate
2.8%
Cash-on-Cash Return
-14.6%
Debt Coverage Ratio
0.45
Internal Rate of Return (5 years)
-10.2%

Purchase Details

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Purchase price:
$629,000
Amount financed:
-$503,200
Down payment:
$125,800
Closing costs:
$18,870
Rehab costs:
$0
Initial cash invested:
$144,670
Square feet:
1,590
Cost per square foot:
$396
Monthly rent per square foot:
$2.20

Financing Details

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Loan amount:
$503,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$3,222
Property tax:
$733
Insurance:
$245
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,200

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,500 $42,000
Vacancy loss: (6%)
6% -$210 -$2,520
Operating income:
$3,290 $39,480

Operating Expenses


% Rent Monthly Yearly
Property taxes: (21%)
21%-$733-$8,797
Insurance: (7%)
7%-$245-$2,940
Property management: (8%)
8%-$280-$3,360
Repairs & maintenance: (5%)
5%-$175-$2,100
Capital expenditures: (5%)
5%-$175-$2,100
HOA fees: (6%)
6%-$225-$2,700
Total operating expenses: (52%)
52%-$1,833-$21,997

Cash Flow


Monthly Yearly
Net operating income:
$1,457 $17,484
Mortgage payments:
-$3,222 -$38,664
Cash flow:
$1,765 $21,180