1400 SW 124th Ter APT 305QPembroke PinesFL33027
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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
Rental property for sale in Pembroke Pines at 1400 SW 124th Ter APT 305Q, Pembroke Pines, FL, 33027 generates $2,753/mo in rent and, after a $710/mo payment, leaves $1,280/mo in cash flow. Total monthly income is $2,753/mo, and annual cash flow is $15,366/yr on $48,068 invested. Return on cash invested sits at 51.88% in year one, and rental yield is 22.78% on a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 279.5% and total cumulative return in cash sums $134,348. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,753/mo property income rather than buyer’s personal income.
Condo
Built in 1989
N/A lot
$N/A/sqft
$510 monthly HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 33027, Hollywood, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,401 (100%) |
| Owner Occupied HU | 18,626 (73.3%) |
| Renter Occupied HU | 5,765 (22.7%) |
| Vacant Housing Units | 1,010 ( 4.0%) |
| Median Home Value | $520,520 |
| Average Home Value | $539,897 |
Housing Distribution
Address Breakdown
Residential
24,250
Single Family
15,105
Multi-Family
9,145
Businesses
1,170
Price History
Date | Event | Price |
|---|---|---|
| 2024-07-24 | Price change | $145,000 |
| 2024-06-24 | Price change | $147,500 |
| 2024-06-05 | Listed for sale | $149,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-31 | $579.68 | 8.31% | $34,500 | 2.99% |
| 2022-08-31 | $535.20 | 11.42% | $33,500 | 2.98% |
| 2021-08-31 | $480.36 | 1.64% | $32,530 | 1.37% |
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Facts & Features
General Information
- Type: Condo
- Year Built: 1989
- Architectural Style: N/A
- Building Area: 514
- Living Area: 514 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Central, Electric
- Cooling: Central Air, Electric
- Flooring: Tile
- Interior Features: Other
- Exterior Features: Exterior Cat Walk, Tennis Court(s)
- Parking Features: 1 Space, Guest, No Rv/Boats, No Trucks/Trailers
Location
- City: Pembroke Pines
- State: FL
- Subdivision: Cambridge At Century Vill,Century Village
- Lot Size: N/A
- Lot Features: N/A
- View: Garden
HOA & Fees
- HOA Fee: $510 monthly
- Association Fee: $510 monthly
- Fees & Dues: N/A
- Association Amenities: Billiard Room, Business Center, Clubhouse-Clubroom, Community Room, Courtesy Bus, Fitness Center, Exterior Lighting, Hobby Room, Tennis Court(s), Trash Chute
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: N/A
- Water Source: N/A
- Road Surface Type: N/A
School Information
- Elementary School: Lakeside
- Middle School: Walter C. Young
- High School: Flanagan;Charls
Listed by: Vilma Tabares • 1st Vision Realty of Florida Inc
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11599478
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.