This photo
waterfront

$700,000

4017 Woodside Drive, Coral Springs, FL 33065

Coral Springs, FL, 33065

—
Beds
0
Baths
2,059
Sq ft
1971
Year built
≈ $5,272/mo with taxes, insurance & HOA

Listed by EXP Realty LLC

Income & expenses

2 units
Building totalsMonthlyAnnual
Gross rental income (est.)$2,500$30,000
Operating expenses (est.)$1,242$14,900
Net operating income (est.)$1,258$15,100

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

UnitBedsBathsSizeLeasedRent / mo
Unit 1221,017 sf—$2,500
Total rent (building)$2,500

Yearly rent (est.)

$30,000

Property taxes after sale

$8,400

Florida average estimate

Insurance estimate

$3,500

South Florida average insurance estimate

$700,000
$560,000 (20% below)Asking $700,000

Cap rate — optimistic

2.59%

NOI $18,100/yr

Rent minus taxes, insurance and HOA.

Cap rate — conservative

2.16%

NOI $15,100/yr

Also minus 10% for vacancy, repairs and management.

Cash flow with a loan

20% · $140,000
0%50%100%
Loan payment $43,586/yr
Cash flow $-28,486/yr
Cap rate 2.16% est.
Cash-on-cash -20.35%
Cash flow ÷ price -4.07%

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

$5,272/ 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
$3,632/mo
Property tax (after sale) est.
$1,141/mo
Homeowners insurance est.
$499/mo
HOA
$0/mo

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

Good deal

Why we flagged this one

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

  • Price reduced 14%

    The seller has come down from $810,000 to $700,000 — a $110,000 reduction since it came on the market.

  • 387 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.

4017 Woodside Drive, Coral Springs, FL 33065 · Coral Springs

One home, every check

Dock & Draft Match™ brings this home's dock length, low-water depth, every bridge, the ocean run, frontage and yacht size together in one place. Estimate only, not guaranteed. Verify before you buy or sell.

Simon Gedz, South Florida luxury real estate specialist

Simon Gedz

Realtor® since 1995