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+6 photosLuxury home — 6142 SW 40th Court · Sun Land Park · Miramar
$450,000
6142 SW 40th Court, Miramar, FL 33023
Miramar, FL, 33023
— bd · — ba · 1,525 sqft
Listed by Fidelity Real Estate Group LLC
6142 SW 40th Court, Miramar, FL 33023
Listed by Fidelity Real Estate Group LLC
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Estimated monthly payment
$3,306/mo
Income & expenses
2 units| Building totals | Monthly | Annual |
|---|---|---|
| Gross rental income | $3,200 | $38,400 |
| Operating expenses (est.) | $958 | $11,490 |
| Net operating income (est.) | $2,243 | $26,910 |
Expenses include estimated taxes, insurance, HOA and the 10% vacancy, repairs and management allowance. Loan payments are separate.
Yearly rent
$38,400
Property taxes after sale
$5,400
Florida average estimate
Insurance estimate
$2,250
South Florida average insurance estimate
Cap rate — optimistic
6.83%
NOI $30,750/yr
Rent minus taxes, insurance and HOA.
Cap rate — conservative
5.98%
NOI $26,910/yr
Also minus 10% for vacancy, repairs and management.
Cash flow with a loan
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 $3,306/mo · principal, interest, taxes, insurance and HOA. Verify before you buy.
Cash to close includes the down payment, lender and title costs, taxes, insurance prepayments and escrow deposits. Editable estimate only.
Insurance and flood: AE · verify insurance quotes before buying.
About this home
Find similar homesOWNER FINANCING AVAILABLE!!! Fantastic Find In The Heart Of Miramar! This Large Duplex Features A Spacious 3-Bedroom, 2-Bath Unit And A 1-Bedroom, 1-Bath Unit. The Property Needs Updating But Is Priced Accordingly. Current Rents Are Below Market, Offering Plenty Of Room For Growth. Current Gross Annual Income Is $38,400, With Potential Gross Income Exceeding $50,000. Annual Expenses Include Property Taxes Of $6,914, Estimated Insurance Of $4,000, Water And Trash Of Approximately $1,800, And Lawn Maintenance Of Approximately $600, For Total Annual Expenses Of $12,714. Priced To Sell!
Why we flagged this one
A transparent review of current MLS facts—not a paid placement.
Price reduced 6%
The seller has come down from $479,000 to $450,000 — a $29,000 reduction since it came on the market.
128 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.
Property Details
Your costs (est.)
≈ $3,306/mo
6142 SW 40th Court, Miramar, FL 33023 · Miramar
Location
6142 SW 40th Court, Miramar, FL 33023
What buyers ask about this home
What are the estimated monthly carrying costs at 6142 SW 40th Court, Miramar, FL 33023?+
Property tax (after sale): $641/month est.; homeowners insurance: $330/month est.; HOA: $0/month. Fixed ownership costs before a mortgage: $971/month est. Principal and interest: $2,335/month; PMI: $0/month. Total for the payment scenario shown: $3,306/month est. Flood insurance is not included. Estimate only, not guaranteed. Verify before you buy or sell.
Will property taxes go up after I buy 6142 SW 40th Court, Miramar, FL 33023?+
Usually yes. In Florida the assessed value resets to market value in the year after a sale, so the seller's current tax bill is rarely what a new owner pays. Budget roughly 1.8–2.0% of the purchase price annually until you file for homestead exemption and the Save Our Homes cap (or the 10% non-homestead cap) starts limiting increases.
Does 6142 SW 40th Court, Miramar, FL 33023 need flood insurance, and what drives the premium?+
Most of Miramar sits in a FEMA flood zone, and lenders require flood coverage in high-risk zones. Premiums are driven by elevation certificate, flood zone, roof age and shape, and whether the home has impact windows or accordion shutters. Ask for the current declarations page, the four-point inspection and wind mitigation report early — they set your real cost of ownership.
What should an inspection focus on for a home like 6142 SW 40th Court, Miramar, FL 33023?+
In coastal South Florida, prioritize roof age and permit history, whether windows and doors are impact-rated, the seawall and dock condition on waterfront lots, drainage and elevation, plumbing type (cast iron and polybutylene are common in homes of this era), and any open or expired permits with the city. These items, not cosmetics, drive both price and insurability.
Is there room to negotiate on 6142 SW 40th Court, Miramar, FL 33023?+
This listing has been on the market 128 days. Leverage comes from days on market, price history, comparable closed sales and the seller's motivation — not from a fixed percentage. I pull the full history and the true comps before we write, so the offer is built on what the property is actually worth today. Call or text (954) 562-1798 for that analysis.
Neighborhood & Commute
Located in Miramar, this property offers the South Florida lifestyle — warm-weather living year-round with easy access to the Atlantic coast, A-rated schools, and major business centers.
Approximate Drive Times
Drive times are estimates based on straight-line distance at typical South Florida traffic speeds. Actual times vary with traffic and routing.
Assigned schools for this address
New Renaissance Middle School
Middle school · 5.0 mi from this home · 10701 Miramar Blvd, Miramar
Zone boundaries published by Broward County Public Schools.
Other options for this address
Championship Academy Of Distinction At Hollywood
Elementary · Charter · Grades PK–5 · Hollywood
Championship Academy Of Distinction Middle School
Middle school · Charter · Grades 6–8 · Hollywood
Love Outreach Christian Academy
Pre-K & Kindergarten · Private · Christian · Grades 4–12 · Miramar
Aukela Christian Military Academy
Pre-K & Kindergarten · Private · Christian · Grades K–12 · West Park
School assignment is set by the district and can change. Always confirm the zoned school with the district before you buy.
Simon Gedz
Realtor® since 1995
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