luxury

$1,265,000

1743 RODMAN Street, Hollywood, FL 33020

Hollywood, FL, 33020

— bd · 0 ba · 2,585 sqft

Listed by Media Realty

Estimated monthly payment

$9,309/mo

Income & expenses

Building totalsMonthlyAnnual
Gross rental incomeNot providedNot provided
Operating expenses (est.)Not providedNot provided
Net operating income (est.)$8,450$101,404

Expenses reflect the published net income, adjusted for post-sale taxes; the seller's itemized expenses need confirmation. Loan payments are separate.

Net Op Inc (as listed)

$100,879

Published by the listing agent

Property taxes after sale

$15,180

Florida average estimate

Seller's current taxes

$15,705

Already inside their NOI

$1,265,000
$1,012,000 (20% below)Asking $1,265,000

Cap rate

8.02%

NOI $101,404/yr

The seller's Net Op Inc, corrected for the higher tax bill after the sale.

How we got there

Net Op Inc as listed
$100,879
Taxes today
$15,705
Taxes at $1,265,000
$15,180
Extra tax to absorb
-$-525
Adjusted net
$101,404

Cash flow with a loan

20% · $253,000
0%50%100%
Loan payment $78,766/yr
Cash flow $22,638/yr
Cap rate 8.02%
Cash-on-cash 8.95%
Cash flow ÷ price 1.79%

Tax-adjusted 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 $9,309/mo · principal, interest, taxes, insurance and HOA. Verify before you buy.

About this home

Find similar homes

1743 Rodman Street is a well maintained five-unit residential income property with pride of ownership located east of Federal Highway in Hollywood, Florida. The property occupies an approximately 10,836-square-foot parcel, zoned FH-2 and contains approximately 2,585 square feet of building area, according to Broward County Property Appraiser records. The existing unit configuration consists of • 2 studio apartments •2 hotel room apartments • One (2/2) residence. The property offers an investor the opportunity to acquire a unique residential income asset in the Lakes neighborhood east of Federal Highway. Its combination of furnished rental units provides considerable flexibility. Rent Seasonal or Annual. Proforma PGI 283,320 NOI $100,879 C\O\C $30,255 Download the OM attached to the MLS

Good deal

Why we flagged this one

A transparent review of current MLS facts—not a paid placement.

  • 113 days on market

    Longer time on market usually means the seller is more open to negotiating on price and terms.

Price reductions and days on market come from this listing's MLS record. This is an initial market signal, not a formal appraisal or full comparable market analysis.

Your costs (est.)

≈ $9,309/mo

1743 RODMAN Street, Hollywood, FL 33020 · Hollywood

Location

1743 RODMAN Street, Hollywood, FL 33020

Simon Gedz, South Florida luxury real estate specialist

Simon Gedz

Realtor® since 1995