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$520,000

For Sale - Active
8501 NW 11th Ct, Pembroke Pines, FL 33024
3 Beds
2 Baths
1,209 Square Feet
0.14 Acres Lot
Built in 1968
For Sale - Active
Units n/a
Checked: 2 days ago
Updated: Jul 16, 2025 at 05:56AM

Investment Summary


Monthly Cash Flow
-$659
Cap Rate
4.6%
Cash-on-Cash Return
-6.6%
Debt Coverage Ratio
0.75
Internal Rate of Return (5 years)
-2.4%

Property Description


0.14 Acres Lot
Built in 1968
For Sale - Active
Units n/a

Beautifully renovated 3 bedroom, 2 bath home nestled in a quiet neighborhood. This charming residence features a desirable split floor plan, an open-concept kitchen with a spacious island—perfect for entertaining—and a primary suite with a private ensuite bath and walk-in closet. Step outside to a large, lush backyard complete with a banana tree and storage shed. A carport plus a circular driveway provides plenty of parking for multiple cars even a boat! Best of all, there’s NO HOA, offering flexibility and freedom to truly make it your own.

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 3

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: Composition, Shingle

Land Information

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

Lot Information

  • Parcel ID: 514109060460
  • Lot Size: 6001 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: OneStory
  • Year Built: 1968

Tax Information

  • Annual Tax: $4,917

Utilities

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

Location

  • County: Broward

Listing Details


Listed by:
Ashley Danielle Artiles
CMV Realty LLC
(954) 940-8610

Source:
BeachesMLS
MLS#: F10514279
BeachesMLS

Investment Summary


Monthly Cash Flow
-$659
Cap Rate
4.6%
Cash-on-Cash Return
-6.6%
Debt Coverage Ratio
0.75
Internal Rate of Return (5 years)
-2.4%

Purchase Details

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Purchase price:
$520,000
Amount financed:
-$416,000
Down payment:
$104,000
Closing costs:
$15,600
Rehab costs:
$0
Initial cash invested:
$119,600
Square feet:
1,209
Cost per square foot:
$430
Monthly rent per square foot:
$2.89

Financing Details

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Loan amount:
$416,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,664
Property tax:
$410
Insurance:
$245
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,319

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: (12%)
12%-$410-$4,917
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: (n/a)
n/an/an/a
Total operating expenses: (37%)
37%-$1,285-$15,417

Cash Flow


Monthly Yearly
Net operating income:
$2,005 $24,060
Mortgage payments:
-$2,664 -$31,968
Cash flow:
$659 $7,908