11690 SW 81st Rd, Pinecrest FL 33156

Description

*ALREADY PRODUCING $11,000 PER MONTH. BOTH UNITS SUCCESFULLY RENTED*

Collect rent from high quality tenants that make passive income a breeze. With Miami's meteoric real estate market, each unit in this duplex has successfully been rented for $5,500 per month. With a low initial tax basis this property is destined to be a great investment. The below financials are already in place and end up at a cap rate of 8%. Effortlessly get your cash into the mid teens when purchased with leverage.

Monthly rent $5,500
Yearly property taxes $15,000 (includes post-purchase adjustment)
Yearly insurance $4,000
Yearly utilities & misc costs $2,400
Total expenses $21,400
Total income $132,000

***NOI $110,600*** @ ~8% cap rate = $1,400,000