Owner
$1,348,012
1978 NW 22ND CT, MIAMI, FL
Quick Facts
owner occupied
No
vacant
No
corporate owner
Yes
beds
12
baths
6
sq. ft.
4,192
property type
Multi-Family Dwellings (Generic, 2+)
hoa
No
About
Residential
Living Area
2 Stories
Concrete Block
Yes
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1972
Building Size
4,192 sq ft
Lot Size
7,000 sq ft
Lot Size (Acres)
0.16 acres
Distressed Property Status
In Pre-foreclosure
Property
Notice of Sale Filed
Property
Notice of Default Filed
Property
Scheduled for Auction
Property
Filing Date
Property
Property Location Details
Parcel Number (APN)
01-3134-027-0090
County
Miami-Dade County, Florida
Metro Area
Miami-Fort Lauderdale-West Palm Beach, FL
Zoning
3901
Neighborhood/Subdivision
WASHBURNS 2ND ADD
Lot Number
6
School District
Dade County School District
Legal Description
WASHBURNS 2ND ADD PB 6-1 LOT 6 BLK 1 LOT SIZE 7000 SQUARE FEET OR 17119-0794 0396 1
Tax & Value Information
Market Value (Total)
$999,498
Building Value
$684,498
Land Value
$315,000
Annual Property Tax
$20,023
Tax Assessment Year
2024
Assessed Value
$999,498
Last Assessment Year
2024
Original Primary Mortgage
Property
Primary Mortgage Type
Property
Original Secondary Mortgage
Property
Secondary Mortgage Type
Property
Current Mortgage Amount
Property
Current Mortgage Type
Property
Interest Rate
Property
Loan Term
Property
Lender Name
—
Last Sale Contract Date
7/11/2022
Recording Date
7/13/2022
Sales Document #
2022.558188
Primary Owner
Property
Co-Owner
Property
Previous Owner
Property
Previous Co-Owner
Property
Recent sales Comparables
Estimated Value:
$0
Average Price per Sq.Ft.: $0.00
Sales Comparables
Real Estate Investment Analysis
Evaluate this property as a fix & flip opportunity
Estimated Profit
$52,161
Return on Investment
15.60%
After Repair Value
$1,482,813
Basic Inputs
Financing
Down Payment
20%
Interest Rate
6.5%
Loan Term (Years)
30
Holding Period (months)
6
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Analysis Details
Purchase Price
$1,213,211
Renovation Cost
$67,401
Closing Costs (buying)
$24,264
Holding Costs
$36,808
Selling Costs
$88,969
Total Investment
$334,307
After Repair Value (ARV)
$1,482,813
Total Costs
$1,430,652
Estimated Profit
$52,161
Cash Invested
$310,043
Return on Investment
15.60%
Return on Cash Invested
16.82%
Nearby Schools
No Elementary School nearby
No Middle School nearby
No High School nearby
Properties owned by investors
Income Distributions
Ethnicity Distributions
Chart
Yearly Purchases
Connex Segmentation Clusters
Area Profile for Investors
Quiet Residential
Walkability
Poor
(0 POIs within 1mi)
Amenities Within 0.5mi
0
locations
Schools Within 1mi
0
schools
Area Class
A
class
Investor Insight
This is a quiet residential area with 0 amenities within 1 mile.
The area has limited nearby amenities.
Key features for tenant appeal:
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Key Amenities in the Area