Best Investor’s Opportunity! This property offers a higher yield than the average in Miami. Gross Cap Rate here will be around 9%... Plus it's totally remodeled, pictures speak for themselves. Market Rent per month is $1.450 and HOA is low $240. Investors friendly community, no HOPA, can rent immediately. Centrally located, in middle of major the intersections I-95, Florida’s Turnpike and Palmetto Expressway. No Assessments (All are already paid). Walmart is across the street. Cash offers ONLY or Hard Equity. Small units are great to keep maintenance expenses low.
271 NW 177th St, #B-117, Miami Gardens, FL, 33169
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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