Property Description
*** INVESTOR DEAL. LEASED FOR $3,000 PER MONTH ENDING 08/31/2024. LANDLORD HOLDS $9,000 IN DEPOSITS. 7.3% CAP RATE AT LISTED PRICE***
Mainland 9 @ Tamarac with No Age / No Rental restrictions on a lake. Close to University Dr and Commercial Blvd. 10 min to the Beach and 15 min to the airport. Accordion shutters, Freshly painted interior, tile and vinyl floors, 5.5" baseboards, LED ceiling lights, Washer& Dryer inside the unit.
All bedrooms have custom closets and new fans, Low Monthly maintenance incl the club house access , amenities, lawn maintenance, sprinklers and exterior painting.
Total Income = $36,000
Total expense = $7,600 (Property Tax- $3500 , Insurance - $3200 , HOA Maintenance - $900)
NOI = $28,400
ROI = 7.3%