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$525,000

For Sale - Active
3020 NE 32nd Ave Apt 506, Fort Lauderdale, FL 33308
2 Beds
2 Baths
1,200 Square Feet
0.00 Acres Lot
Built in 2002
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: Jun 08, 2025 at 03:10AM

Investment Summary


Monthly Cash Flow
-$2,402
Cap Rate
0.7%
Cash-on-Cash Return
-23.9%
Debt Coverage Ratio
0.11
Internal Rate of Return (5 years)
-19.0%

Property Description


0.00 Acres Lot
Built in 2002
For Sale - Active
Units n/a

Ready for the Best Deal of a South Florida dream condo at The Tides at Bridgeside Square! This updated 2-bedroom, 2-bath residence offers a bright, open layout with stylish finishes throughout. The modern kitchen features quartz countertops, stainless steel appliances, and sleek cabinetry. Enjoy spacious bedrooms and updated bathrooms designed for comfort and style. Floor-to-ceiling sliders fill the space with natural light and lead to a private balcony with city and intracoastal views. Located close to the beach, waterfront dining, and the new Publix, the resort-style amenities including a pool, fitness center, tennis court, and garage parking. The beauty of living on the 5th is easy access to all the things that make living at the Tides incredible. Move-in ready!

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Location


Property Details


Parking

  • Description: Assigned, Covered, OneSpace
  • Details: Attached, Covered, Garage
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

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

Interior Features

  • # of Rooms: 0
  • # of Stories: 15

Exterior Features

  • Pool: Yes

HOA

  • Has HOA: Yes
  • HOA Fee: $1,430/monthly

Land Information

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

Lot Information

  • Parcel ID: 494330AF0130
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 2002

Tax Information

  • Annual Tax: $9,209

Utilities

  • Heating: Central, Electric
  • Cooling: Central Air, Electric

Location

  • County: Broward

Listing Details


Listed by:
Eric Miller
EXP Realty LLC
(954) 383-8170

Source:
BeachesMLS
MLS#: F10507673
BeachesMLS

Investment Summary


Monthly Cash Flow
-$2,402
Cap Rate
0.7%
Cash-on-Cash Return
-23.9%
Debt Coverage Ratio
0.11
Internal Rate of Return (5 years)
-19.0%

Purchase Details

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Purchase price:
$525,000
Amount financed:
-$420,000
Down payment:
$105,000
Closing costs:
$15,750
Rehab costs:
$0
Initial cash invested:
$120,750
Square feet:
1,200
Cost per square foot:
$438
Monthly rent per square foot:
$3.00

Financing Details

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Loan amount:
$420,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,689
Property tax:
$767
Insurance:
$252
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,708

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,600 $43,200
Vacancy loss: (6%)
6% -$216 -$2,592
Operating income:
$3,384 $40,608

Operating Expenses


% Rent Monthly Yearly
Property taxes: (21%)
21%-$767-$9,209
Insurance: (7%)
7%-$252-$3,024
Property management: (8%)
8%-$288-$3,456
Repairs & maintenance: (5%)
5%-$180-$2,160
Capital expenditures: (5%)
5%-$180-$2,160
HOA fees: (40%)
40%-$1,430-$17,160
Total operating expenses: (86%)
86%-$3,097-$37,169

Cash Flow


Monthly Yearly
Net operating income:
$287 $3,444
Mortgage payments:
-$2,689 -$32,268
Cash flow:
$2,402 $28,824