About This Property

Income property priced at $199,000, generating $1,850/month in rent ($22,200 gross annually) under a lease through November 2027. That is an 11.2% gross yield and a 6.1% cap rate after HOA dues ($521/month) and current property taxes ($3,869). The unit also suits an owner-occupant buyer. This 1-bed, 2-full-bath lakefront condo offers approx. 805 SF ($247/SF) with a direct water view, in Windmill Lakes, which has a community pool and tennis courts. Daily needs are within a mile: Publix at Pembroke Commons, Broward Meat & Fish, and dining along Pines Blvd including Baoshi Food Hall, Chipotle and Piacere Wood Fired Pizza. Sedano’s, a second Publix and Pembroke Pines City Center are within 2 miles. Rental demand is supported by nearby employment and education: Memorial Hospital Pembroke, Broward College South Campus and the Pembroke Commons/Crossroads Square retail corridor are all within about 2 miles. The location, just south of Pines Blvd, has access to I-75 and Florida’s Turnpike.

Key Features

• Built in 1989

Property Details

• Type: Single Family Home
• Year Built: 1989
• Sq Ft: 805
• Price / Sq Ft: $247
• HOA: Contact Agent
• Bedrooms: 1
• Bathrooms: 2
• Feature: Built in 1989
• Status: Active
• MLS Number: 1194367900
• Days on Market: 1
• Listed By: The Keyes Company - Miramar · Abel Otto
• Zip Code: 33025