luxury

$650,000

1726 Roosevelt Street, Hollywood, FL 33020

Hollywood, FL, 33020

— bd · — ba · 1,738 sqft

Listed by Fausto Commercial Realty Consultants Inc

Estimated monthly payment

$4,878/mo

Income & expenses

2 units
Building totalsMonthlyAnnual
Gross rental income$2,600$31,200
Operating expenses (est.)$1,181$14,170
Net operating income (est.)$1,419$17,030

Expenses include estimated taxes, insurance, HOA and the 10% vacancy, repairs and management allowance. Loan payments are separate.

Yearly rent

$31,200

Property taxes after sale

$7,800

Florida average estimate

Insurance estimate

$3,250

South Florida average insurance estimate

$650,000
$520,000 (20% below)Asking $650,000

Cap rate — optimistic

3.10%

NOI $20,150/yr

Rent minus taxes, insurance and HOA.

Cap rate — conservative

2.62%

NOI $17,030/yr

Also minus 10% for vacancy, repairs and management.

Cash flow with a loan

20% · $130,000
0%50%100%
Loan payment $40,473/yr
Cash flow $-23,443/yr
Cap rate 2.62%
Cash-on-cash -18.03%
Cash flow ÷ price -3.61%

Conservative net operating income minus a 30-year loan payment at the price tested above.

Rent figures come from the listing. Taxes are estimated at the tested price, since Florida taxes reset on sale. Planning estimate only, not a quote. Actual premiums depend on roof age, wind mitigation, flood zone, claims history and the carrier. Verify all income and expenses with the seller's rent roll before writing an offer. Estimate only, not guaranteed. Verify before you buy or sell.

Know your costs before you buy

Work through three numbers: your estimated monthly payment, the cash needed at closing, and insurance & flood.

Estimated monthly payment $4,878/mo · principal, interest, taxes, insurance and HOA. Verify before you buy.

About this home

Find similar homes

1726 Roosevelt Street, Hollywood, FL 33020 presents an opportunity to acquire a legal duplex featuring two structures and a total of three rental units, consisting of a 2-bedroom/2-bathroom single-family home, a 1-bedroom/1-bathroom efficiency, and a detached 1-bedroom/1-bathroom guest house. The property offers approximately 1,589 SF of building area on a 6,735 SF lot and features 4 total bedrooms and 4 bathrooms, central A/C, tile and vinyl flooring, updated kitchen appliances, shuttered windows, and four parking spaces. Both roofs were replaced in early 2020, providing an important recent capital improvement. The main 2-bedroom/2-bathroom unit is currently vacant and was previously rented for $2,600 per month, while the efficiency is currently rented for $1,200 per month and the detached 1-bedroom/1-bathroom unit is vacant and was previously rented for $1,200 per month, providing a clear opportunity to stabilize and increase income. Located in Hollywood with convenient access to major highways, Downtown Hollywood, shopping, dining, employment centers, and nearby beaches, the property offers an attractive multifamily investment with multiple income streams and rental upside.

Your costs (est.)

≈ $4,878/mo

1726 Roosevelt Street, Hollywood, FL 33020 · Hollywood

Location

1726 Roosevelt Street, Hollywood, FL 33020

Simon Gedz, South Florida luxury real estate specialist

Simon Gedz

Realtor® since 1995