luxury
Pool: Above Ground
Pool: Salt Water
Pool: Private

$490,001

800 N 59th Avenue, Hollywood, FL 33021

Hollywood, FL, 33021

— bd · 0 ba · 1,066 sqft

Listed by Keller Williams Realty Consult

Income & expenses

2 units
Building totalsMonthlyAnnual
Gross rental income (est.)$1,650$19,800
Operating expenses (est.)$859$10,310
Net operating income (est.)$791$9,490

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

UnitBedsBathsSizeLeasedRent / mo
Unit 111533 sf—$1,650
Total rent (building)$1,650

Yearly rent (est.)

$19,800

Property taxes after sale

$5,880

Florida average estimate

Insurance estimate

$2,450

South Florida average insurance estimate

$490,001
$392,001 (20% below)Asking $490,001

Cap rate — optimistic

2.34%

NOI $11,470/yr

Rent minus taxes, insurance and HOA.

Cap rate — conservative

1.94%

NOI $9,490/yr

Also minus 10% for vacancy, repairs and management.

Cash flow with a loan

20% · $98,000
0%50%100%
Loan payment $30,510/yr
Cash flow $-21,020/yr
Cap rate 1.94% est.
Cash-on-cash -21.45%
Cash flow ÷ price -4.29%

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

Rent figures come from the listing or are estimated from the unit mix. 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

$3,620/ month

20% down · 6.75% interest · 30-year loan · Conforming loan

Principal, interest, taxes and insurance, PMI. Property Tax (after sale). Estimated; not a lender quote.

Principal & interest
$2,543/mo
Property tax (after sale) est.
$751/mo
Homeowners insurance est.
$196/mo
HOA
$0/mo
PMI est.
$131/mo

Estimate only, not guaranteed. Verify before you buy or sell.

About This Property

Find similar homes

Fully renovated 2 bed/2 bath, 1,066 sq ft home duplex — separate entrances & electric meters , a plus for investors. Kitchen features a waterfall quartz island, marble-look backsplash, white cabinetry, & stainless appliances. Impact windows throughout, Unit 2 interior laundry room w/ full size washer/dryer, walk-in closet, & 4 separate mini-split A/C units for zoned comfort. Backyard has a partially in-ground saltwater pool (pump 5 years old), outside storage shed, multiple pergola-covered lounge / dining areas, a fire pit, & tropical landscaping behind fully fenced yard perfect for pets. About 5 min to Florida's Turnpike, 10 min to I-95 and Oakwood Plaza, 12 min to Memorial Regional Hospital, & 20 min to Hollywood Beach. Great for airbnb or cash flow. units are not rented. owner occupied

Your costs (est.)

≈ $3,489/mo

800 N 59th Avenue, Hollywood, FL 33021 · Hollywood

Location

800 N 59th Avenue, Hollywood, FL 33021

Simon Gedz, South Florida luxury real estate specialist

Simon Gedz

Realtor® since 1995