Owner
$1,099,597
8980 SW 177TH TER, PALMETTO BAY, FL
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
3
baths
2
sq. ft.
2,292
property type
Single Family Residential
hoa
Yes
About
Residential
Living Area
Garage
1 Story
Concrete Block
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1963
Building Size
2,292 sq ft
Lot Size
23,714 sq ft
Lot Size (Acres)
0.54 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)
33-5033-017-0180
County
Miami-Dade County, Florida
Metro Area
Miami-Fort Lauderdale-West Palm Beach, FL
Zoning
2100
Neighborhood/Subdivision
HERMAN HILLS 1ST ADDN
Lot Number
2
School District
Dade County School District
Legal Description
33 55 40 HERMAN HILLS 1ST ADDN PB 72-58 LOT 2 & E25FT LYG E & ADJ PER R-1485-72 LOT SIZE 125.000 X 166.80 OR 16493-1835 0894 1 F/A/U 30-5033-017-0180
Tax & Value Information
Market Value (Total)
$788,594
Building Value
$285,312
Land Value
$503,282
Annual Property Tax
$9,353
Tax Assessment Year
2024
Assessed Value
$538,304
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
8/7/2020
Recording Date
8/21/2020
Sales Document #
2020.464297
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
$42,549
Return on Investment
15.60%
After Repair Value
$1,209,557
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
$989,637
Renovation Cost
$54,980
Closing Costs (buying)
$19,793
Holding Costs
$30,025
Selling Costs
$72,573
Total Investment
$272,700
After Repair Value (ARV)
$1,209,557
Total Costs
$1,167,008
Estimated Profit
$42,549
Cash Invested
$252,907
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