11842 Cove Place, Boca Raton, FL 33431
Property Type:
Residential Income
Square Footage:
1,046
Status:
Closed
Current Price:
$74,450
List Date:
2/11/2017
Last Modified:
8/06/2026
Overview
Description
Great income producing opportunity! Two rental units with tenants in place with a monthly cash flow of $1400. Own Land and no HOA or Restrictions!Property Taxes ($822 in 2016-2017), the annual cost of Rental Dwelling insurance policy ($1,353 annually) and Maintenance and Repair Fund ($625 annually optional funding). All expenses total $2,800 per year. Based upon $1,400 rental income, the minimum Return On Investment is 17.5%. Outstanding return.
Annual Income of $1,400 per month = $16,800. Annual Expenses = $2,800. Net Annual Income = $14,000. Divide $14,000 by $80,000 purchase price = 17.5% ROI.
Listing Details MLS# R10307464
Listing Office:
Lang Realty/BR
Last Updated: August - 06 - 2026
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