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$659,000

For Sale - Active
20191 E Country Club Dr Apt 802, Aventura, FL 33180
2 Beds
2 Baths
1,500 Square Feet
0.00 Acres Lot
Built in 1983
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: May 09, 2025 at 08:40PM

Investment Summary


Monthly Cash Flow
-$1,834
Cap Rate
2.8%
Cash-on-Cash Return
-14.5%
Debt Coverage Ratio
0.46
Internal Rate of Return (5 years)
-10.0%

Property Description


0.00 Acres Lot
Built in 1983
For Sale - Active
Units n/a

Spectacular 2-bed/2-bath condo has been fully remodeled with attention to detail. From the moment you walk in, you’ll be captivated by views of the water and golf course, an ever-changing canvas of city lights, sunsets, & skyline. The open-concept layout is flooded with natural light, highlighting the high-end finishes. Chef’s kitchen with top-of-the-line appliances, custom cabinetry, and stone countertops. The spacious living area is perfect for entertaining or relaxing, while both bedrooms offer generous space, spa-inspired bathroom, and ample storage. Every element has been thoughtfully curated to blend modern elegance with comfort and functionality. Whether you're looking for a serene sanctuary or a show-stopping space to host, this apartment delivers the best of both worlds.

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Location


Property Details


Parking

  • Description: Assigned, Attached, Covered, Garage, OneSpace
  • Details: Deeded, Valet
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

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

Interior Features

  • # of Stories: 28

Exterior Features

  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • HOA Fee: $1,423/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 2812350280320
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Style: HighRise
  • Year Built: 1983

Tax Information

  • Annual Tax: $6,644

Utilities

  • Heating: Electric
  • Cooling: Central Air

Location

  • County: Miami Dade

Listing Details


Listed by:
Ronald Tencer
Maven Realty LLC
(954) 980-0445

Source:
MIAMI REALTORS MLS
MLS#: A11784289
MIAMI REALTORS MLS

Investment Summary


Monthly Cash Flow
-$1,834
Cap Rate
2.8%
Cash-on-Cash Return
-14.5%
Debt Coverage Ratio
0.46
Internal Rate of Return (5 years)
-10.0%

Purchase Details

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Purchase price:
$659,000
Amount financed:
-$527,200
Down payment:
$131,800
Closing costs:
$19,770
Rehab costs:
$0
Initial cash invested:
$151,570
Square feet:
1,500
Cost per square foot:
$439
Monthly rent per square foot:
$3.40

Financing Details

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Loan amount:
$527,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$3,376
Property tax:
$554
Insurance:
$357
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,287

Operating Income

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% Rent Monthly Yearly
Gross rent:
$5,100 $61,200
Vacancy loss: (6%)
6% -$306 -$3,672
Operating income:
$4,794 $57,528

Operating Expenses


% Rent Monthly Yearly
Property taxes: (11%)
11%-$554-$6,644
Insurance: (7%)
7%-$357-$4,284
Property management: (8%)
8%-$408-$4,896
Repairs & maintenance: (5%)
5%-$255-$3,060
Capital expenditures: (5%)
5%-$255-$3,060
HOA fees: (28%)
28%-$1,423-$17,076
Total operating expenses: (64%)
64%-$3,252-$39,020

Cash Flow


Monthly Yearly
Net operating income:
$1,542 $18,504
Mortgage payments:
-$3,376 -$40,512
Cash flow:
$1,834 $22,008