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$361,000

For Sale - Active
2845 SW 83rd Ter Unit 105, Miramar, FL 33025
2 Beds
3 Baths
1,037 Square Feet
0.00 Acres Lot
Built in 2004
For Sale - Active
Units n/a
Checked: 23 hours ago
Updated: May 09, 2025 at 08:29PM

Investment Summary


Potential Missing Expenses

We noticed that HOA fees are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$584
Cap Rate
4.3%
Cash-on-Cash Return
-8.4%
Debt Coverage Ratio
0.69
Internal Rate of Return (5 years)
-4.2%

Property Description


0.00 Acres Lot
Built in 2004
For Sale - Active
Units n/a

BEAUTIFUL AND SPACIOUS 2 STORY TOWNHOUSE TWO MASTER BEDROOMS WITH THEIR OWN FULL BATHS. LIGHT AND BRIGHT HOME. TILE FLOORS. CONVENIENTLY LOCATED NEAR MAJOR HIGHWAYS, SHOPPING AND RESTAURANTS. GATED COMMUNITY WITH LOTS OF AMENITIES. WASH/DRYER INSIDE THE HOME.

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Location


Property Details


Parking

  • Details: Guest, Other
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

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

Land Information

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

Lot Information

  • Parcel ID: 514128AJ0350
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Style: Other
  • Year Built: 2004

Tax Information

  • Annual Tax: $5,087

Utilities

  • Heating: Central, Electric
  • Cooling: Central Air

Location

  • County: Broward

Listing Details


Listed by:
Laura Szwarc
CasaMagna Realty LLC
(786) 286-1385

Source:
MIAMI REALTORS MLS
MLS#: A11762229
MIAMI REALTORS MLS

Investment Summary


Potential Missing Expenses

We noticed that HOA fees are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$584
Cap Rate
4.3%
Cash-on-Cash Return
-8.4%
Debt Coverage Ratio
0.69
Internal Rate of Return (5 years)
-4.2%

Purchase Details

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Purchase price:
$361,000
Amount financed:
-$288,800
Down payment:
$72,200
Closing costs:
$10,830
Rehab costs:
$0
Initial cash invested:
$83,030
Square feet:
1,037
Cost per square foot:
$348
Monthly rent per square foot:
$2.41

Financing Details

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Loan amount:
$288,800
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.810%
Principal & interest:
$1,885
Property tax:
$424
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,484

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (17%)
17%-$424-$5,087
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (42%)
42%-$1,049-$12,587

Cash Flow


Monthly Yearly
Net operating income:
$1,301 $15,612
Mortgage payments:
-$1,885 -$22,620
Cash flow:
$584 $7,008