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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Miramar at 2603 SW 188th Ave, Miramar, FL, 33029 offers a 11.57% rental yield on a $519,000 purchase with $5,002/mo rent. Total monthly income registers $5,002/mo, and a $2,540/mo payment leaves $1,223/mo available for distribution. Annual cash flow reaches $14,674/yr on $170,751 to close, and return on cash invested stands at 28.65% in year one. Equity gained on principal adds $3,349/yr while 5% annual appreciation supports $143,390 over five years. Portfolio math shows five-year ROI at 151.14% and total cumulative return in cash at $258,081. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,002/mo property income against a $2,540/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2002
N/A lot
$N/A/sqft
$234 monthly HOA
Neighborhood data shown for ZIP Code: 33029, Hollywood, FL area.
| 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 |
Residential
14,552
Single Family
13,880
Multi-Family
672
Businesses
575
Date | Event | Price |
|---|---|---|
| 2025-01-16 | Listed for sale | $519,000 |
| 2018-06-30 | Listing removed | $315,000 |
| 2017-11-03 | Sold | $300,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | $5831.16 | 2.49% | $300,770 | 3.00% |
| 2023-02-13 | $5689.26 | 7.03% | $292,010 | 3.00% |
| 2022-02-13 | $5315.63 | 1.65% | $283,510 | 3.00% |
Listed by: Danae Pozo • Global Exclusive Realty Corp
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11720477
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.
