10621 SW 77th Ct, Pinecrest FL 33156
$1,970,000
$601.53/Sq Ft
- N/A Beds
- N/A Baths
- N/A Parking
- 3275 ft²
Description
*ALREADY PRODUCING $12,000 PER MONTH. BOTH UNITS RENTED* Collect rent from high quality tenants that make passive income a breeze. This duplex is now producing $12,000 a month. With a low initial tax basis, this property is destined to be a great investment. It has been extensively renovated and is basically brand new: new roof, new pool, new bathrooms, new tile. The below financials are already in place and end up at a cap rate of ~6.2%. Effortlessly get your cash into the mid teens when purchased with leverage. Monthly income: $12,000 Yearly property taxes $17,000 (includes post-purchase adjustment) Yearly insurance $4,000 Yearly utilities & misc costs $2,400 Total expenses $23,400 Total income $144,000 ***NOI $120,600*** @ ~6.1% cap rate = $1,970,000
Marvel Avellanet
Real Estate Broker
Estimate Payments
Technical Summary
| Price | $1,970,000 |
|---|---|
| Beds | N/A |
| Baths | N/A |
| Area | 3275 ft² |