118 NW 7th Ave, Dania Beach FL 33004
Dania BeachMap
| Price | $305,000.00 |
| Listing ID | A10899370 |
| Status | For Sale |
| Address Map |
118 NW 7th Ave, Dania Beach FL 33004 |
| Area | Dania Beach |
| Beds | 3 |
| Baths | 3 |
| Square Ft | 1,341 |
| Lot Size | |
| Year Built |
Description
Main house with mother in laws cottage. On lockbox easy to show main house. Cottage has tenant do not disturb please. Tenant has been there 3 years pays $1000 a month - same rent last three years. House should be about $1900-$2000 per month. Therefore total projected revenues are $34,800. With a 30% cash down ($94,500) and a mortgage of about $220,000, total expenses projected are about $20,000 (taxes: $6,300, mortgage interest $8800, insurance $4000, repairs $1000). Net profit is $14,800. For a cash on cash ROI of about 16%. That doesn't include appreciation or rental price increases over time. Hard to beat that ROI - especially in an up and coming area like Dania with Dania Pointe so close by. Seller is open to some seller financing. Property also has storage area.