This photo
luxury

$625,000

210 SE 5TH Street, Dania Beach, FL 33004

Dania Beach, FL, 33004

—
Beds
0
Baths
1,971
Sq ft
1968
Year built
≈ $4,640/mo with taxes, insurance & HOA

Listed by A J Ryan Realty

Income & expenses

2 units
Building totalsMonthlyAnnual
Gross rental income (est.)$1,000$12,000
Operating expenses (est.)$985$11,825
Net operating income (est.)$15$175

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

UnitBedsBathsSizeLeasedRent / mo
Unit 111500 sf—$1,000
Total rent (building)$1,000

Yearly rent (est.)

$12,000

Property taxes after sale

$7,500

Florida average estimate

Insurance estimate

$3,125

South Florida average insurance estimate

$625,000
$500,000 (20% below)Asking $625,000

Cap rate — optimistic

0.22%

NOI $1,375/yr

Rent minus taxes, insurance and HOA.

Cap rate — conservative

0.03%

NOI $175/yr

Also minus 10% for vacancy, repairs and management.

Cash flow with a loan

20% · $125,000
0%50%100%
Loan payment $38,916/yr
Cash flow $-38,741/yr
Cap rate 0.03% est.
Cash-on-cash -30.99%
Cash flow ÷ price -6.20%

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

$4,640/ month

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

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

Principal & interest
$3,243/mo
Property tax (after sale) est.
$998/mo
Homeowners insurance est.
$400/mo
HOA
$0/mo

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

210 SE 5TH Street, Dania Beach, FL 33004 · Dania Beach

Simon Gedz, South Florida luxury real estate specialist

Simon Gedz

Realtor® since 1995