1041 NW 185th AvePembroke PinesFL33029
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Pembroke Pines at 1041 NW 185th Ave, Pembroke Pines, FL, 33029 uses $279,617 cash to close to unlock $34,902/yr annual cash flow and $2,908/mo monthly cash flow. Total monthly income runs $8,804/mo, and a $4,160/mo payment keeps the spread at $2,908/mo. Purchase price stands at $849,900, and rental yield measures 12.43% with $8,804/mo rent. Return on cash invested shows 32.54% in year one, and 5% annual appreciation builds toward $234,812 over five years. Five-year ROI reaches 171.54% and total cumulative return in cash records $479,666. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $8,804/mo property income covering a $4,160/mo payment rather than investor’s personal income.
Single Family
Built in 1994
7,320 sqft lot
$N/A/sqft
$171 monthly HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 33029, Hollywood, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,383 (100%) |
| Owner Occupied HU | 12,840 (89.3%) |
| Renter Occupied HU | 1,365 ( 9.5%) |
| Vacant Housing Units | 178 ( 1.2%) |
| Median Home Value | $622,938 |
| Average Home Value | $637,155 |
Housing Distribution
Address Breakdown
Residential
14,552
Single Family
13,880
Multi-Family
672
Businesses
575
Price History
Date | Event | Price |
|---|---|---|
| 2024-08-01 | Price change | $849,900 |
| 2024-06-19 | Listed for sale | $869,900 |
| 2018-08-09 | Sold | $495,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-03 | $8576.24 | 5.75% | $469,010 | 3.00% |
| 2022-09-03 | $8109.67 | 1.45% | $455,350 | 3.00% |
| 2021-09-03 | $7993.67 | 0.51% | $442,090 | 0.93% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1994
- Architectural Style: N/A
- Building Area: 3,153
- Living Area: 2,587 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Central, Electric
- Cooling: Ceiling Fan(s), Central Air, Electric
- Flooring: Carpet, Marble
- Interior Features: Closet Cabinetry, Kitchen Island, Loft
- Exterior Features: Other
- Parking Features: Driveway, Other, On Street
Location
- City: Pembroke Pines
- State: FL
- Subdivision: Chapel Lake Estates
- Lot Size: 7,320 sqft
- Lot Features: Less Than 1/4 Acre Lot
- View: Lake, Pool
HOA & Fees
- HOA Fee: $171 monthly
- Association Fee: $171 monthly
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Municipal Water
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Leonardo Retamar • New Venture Real Estate
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11609395
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.