2561 Nw 123rd Terrace, Coral Springs, FL

6.88% return

SP: $449,000

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Property Description

Magnificent space! This 5bedroom 3 bathrooms pool home has a beautiful layout offers comfort and space located in a great gated private community. Great schools reasonably priced. Ready to close. Located near Coral Springs sports complex offers lots of wonderful activities for the whole family tennis ice skating aquatic center property sold "As is".

Property Information

Listing statusSold
Property typeSingle Family
Total units1
Total bedrooms5
Total bathrooms3
Building size2752 sq. ft.
Lot size0.2 acres
Year built2001

CountyBroward County
SubdivisionWESTCHESTER LAKES
ConstructionCBS
RoofTile
Water sourceCity water
Water disposalSewer
HeatingCentral
CoolingCentral air

Property Financial Summary

Sale price$449,000
Estimated rehab¹$0
Total investment$449,000

TypeProforma

Gross income (annually)$38,400
Operating expenses (annually)$7,500
Net income (annually)$30,900
Gross return8.55%

Gross income (monthly)$3,200
Operating expenses (monthly)$625
Net income (monthly)$2,575
Net return6.88%

Property Income & ExpensesMonthlyAnnual

Income

5 bed / 3 bath$3,200/month$38,400/year
Total$3,200/month$38,400/year

Expenses

Property Taxes$625/month$7,500/year
Total$625/month$7,500/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.