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$445,000

For Sale - Active
915 SW 120th Way, Davie, FL 33325
3 Beds
3 Baths
1,654 Square Feet
0.00 Acres Lot
Built in 1983
For Sale - Active
Units n/a
Checked: 17 hours ago
Updated: Oct 04, 2025 at 10:22AM

Investment Summary


Monthly Cash Flow
-$978
Cap Rate
3.5%
Cash-on-Cash Return
-11.5%
Debt Coverage Ratio
0.57
Internal Rate of Return (5 years)
-7.1%

Property Description


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

Motivated seller. Welcome to The Village at Lake Pine where tranquil country living meets the perfect location and amenities. Located near top-rated schools, parks, and shopping, and just minutes away from Ft Lauderdale Intl Airport and South Florida beaches. This turnkey 3BR/2.5 BTH 2 story townhome features updated stainless steel kitchen appliances, granite countertops and wooden cabinetry and high-hat lighting throughout. Light and bright with a sought-after open concept floor plan. The private courtyard is the perfect place to entertain and enjoy the South Florida lifestyle. Enjoy tile floors downstairs and beautiful laminate upstairs. Modern bathrooms with updated features and a brand new 2025 3-ton A/C . Enjoy lakeside pool, tennis, racquetball and more . Credit score of 665 req.

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Stories: 2

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Type: Mansard

HOA

  • Has HOA: Yes
  • HOA Fee: $315/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Townhouse

Lot Information

  • Parcel ID: 504012391570
  • Lot Size: 0 sqft

Property Information

  • Property Type: Townhouse
  • Year Built: 1983

Tax Information

  • Annual Tax: $3,785

Utilities

  • Heating: Central
  • Cooling: Central Air, Ceiling Fan(s)

Location

  • County: Broward

Listing Details


Listed by:
Deanne Urbanek
Oleander Realty Group Inc
(954) 529-4478

Source:
BeachesMLS
MLS#: F10519517
BeachesMLS

Investment Summary


Monthly Cash Flow
-$978
Cap Rate
3.5%
Cash-on-Cash Return
-11.5%
Debt Coverage Ratio
0.57
Internal Rate of Return (5 years)
-7.1%

Purchase Details

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Purchase price:
$445,000
Amount financed:
-$356,000
Down payment:
$89,000
Closing costs:
$13,350
Rehab costs:
$0
Initial cash invested:
$102,350
Square feet:
1,654
Cost per square foot:
$269
Monthly rent per square foot:
$1.69

Financing Details

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Loan amount:
$356,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,280
Property tax:
$315
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,791

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,800 $33,600
Vacancy loss: (6%)
6% -$168 -$2,016
Operating income:
$2,632 $31,584

Operating Expenses


% Rent Monthly Yearly
Property taxes: (11%)
11%-$315-$3,785
Insurance: (7%)
7%-$196-$2,352
Property management: (8%)
8%-$224-$2,688
Repairs & maintenance: (5%)
5%-$140-$1,680
Capital expenditures: (5%)
5%-$140-$1,680
HOA fees: (11%)
11%-$315-$3,780
Total operating expenses: (48%)
48%-$1,330-$15,965

Cash Flow


Monthly Yearly
Net operating income:
$1,302 $15,624
Mortgage payments:
-$2,280 -$27,360
Cash flow:
-$978 -$11,736