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$499,000

Under Contract
3141 SW 20th Ct, Fort Lauderdale, FL 33312
3 Beds
2 Baths
1,290 Square Feet
0.17 Acres Lot
Built in 1959
Under Contract
Units n/a
Checked: 11 hours ago
Updated: Aug 06, 2025 at 01:14AM

Investment Summary


Monthly Cash Flow
-$601
Cap Rate
4.7%
Cash-on-Cash Return
-6.3%
Debt Coverage Ratio
0.76
Internal Rate of Return (5 years)
-2.1%

Property Description


0.17 Acres Lot
Built in 1959
Under Contract
Units n/a

Located in the highly sought-after Riverland Village community this inviting single-family home features an open-concept layout. The eat-in counter kitchen is situated at the heart of the home; perfect for casual meals or entertaining, with easy flow between the living and dining areas. Step inside to find tile flooring throughout. The home is equipped with impact-rated windows and doors for added safety, and generator hook-up ready for peace of mind during storm season. This home boasts a lovely covered patio and fenced yard ideal for outdoor entertaining, or pets. The enclosed garage and expanded driveway provide ample parking and storage solutions. This location is central to Las Olas, the Beach, Downtown, Hard Rock and major highways! Is not in an Assoc. This property will not last!

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Location


Property Details


Parking

  • Description: Garage
  • Details: Attached, Covered, Driveway, Garage
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Type: Gable or Hip
  • Roof Material: Aluminum, Other, Shingle

Land Information

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

Lot Information

  • Parcel ID: 504218071430
  • Lot Size: 7348 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Detached, OneStory
  • Year Built: 1959

Tax Information

  • Annual Tax: $3,030

Utilities

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

Location

  • County: Broward

Listing Details


Listed by:
Nerlin Ontivero
LoKation
(954) 830-8985

Source:
MIAMI REALTORS MLS
MLS#: A11821492
MIAMI REALTORS MLS

Investment Summary


Monthly Cash Flow
-$601
Cap Rate
4.7%
Cash-on-Cash Return
-6.3%
Debt Coverage Ratio
0.76
Internal Rate of Return (5 years)
-2.1%

Purchase Details

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Purchase price:
$499,000
Amount financed:
-$399,200
Down payment:
$99,800
Closing costs:
$14,970
Rehab costs:
$0
Initial cash invested:
$114,770
Square feet:
1,290
Cost per square foot:
$387
Monthly rent per square foot:
$2.48

Financing Details

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Loan amount:
$399,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,556
Property tax:
$253
Insurance:
$224
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,033

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,200 $38,400
Vacancy loss: (6%)
6% -$192 -$2,304
Operating income:
$3,008 $36,096

Operating Expenses


% Rent Monthly Yearly
Property taxes: (8%)
8%-$253-$3,030
Insurance: (7%)
7%-$224-$2,688
Property management: (8%)
8%-$256-$3,072
Repairs & maintenance: (5%)
5%-$160-$1,920
Capital expenditures: (5%)
5%-$160-$1,920
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (33%)
33%-$1,053-$12,630

Cash Flow


Monthly Yearly
Net operating income:
$1,955 $23,460
Mortgage payments:
-$2,556 -$30,672
Cash flow:
$601 $7,212