Investment Dashboard: Sanford Apartments

Investment Dashboard: Sanford Apartments

Turnkey Multifamily Asset Acquisition Opportunity with Exceptional Cash Flow in Miami

Address: 1907 NW 2nd Court, Miami, FL 33136 (Off Market)

Key Investment Metrics (Projected Year 1)

Purchase Price
$6,500,000
($154.7k per renovated unit)
Projected Cap Rate
11.3%
Exceptional return, well above Miami market average of 5-6.5%.
Cash-on-Cash Return
22.3%
Extraordinary return on invested capital (based on 25% down payment).
Net Operating Income (NOI)
$732,062
(Adjusted) Solid income engine after adjusting expenses to realistic figures.
Projected Annual Net Cash Flow
$362,306
(Projected) Strong positive cash flow after covering all expenses and mortgage.

Investment Highlights

  • ✓
    Premier Profitability: An 11.3% Cap Rate positions this asset in the highest echelon of investment opportunities in South Florida, offering an immediate and robust return.
  • ✓
    Fully Renovated and Stabilized Asset: The property has undergone a comprehensive renovation (Scope of Work completed), eliminating construction risk for the new investor. This includes:
    • New Mini-Split A/C systems for each unit.
    • New plumbing and individual electric water heaters.
    • Electrical and finish renovations in bathrooms and kitchens.
  • ✓
    Minimal Immediate Capital Expenditure (CapEx): Thanks to the complete renovation, the buyer will benefit from low short-to-medium term maintenance and repair costs, protecting cash flow.
  • ✓
    Secure and Predictable Income Stream: Rent primarily comes from the Section 8 government program, ensuring timely payments and drastically reducing delinquency and vacancy risk.
  • ✓
    Strategic Unit Mix: The combination of studios, 1-bedroom, and 2-bedroom units attracts a diverse tenant base, ensuring high demand and constant occupancy.

Annual Financial Projection (Year 1)

Concept Figure Notes
Gross Income (Pro Forma) $960,288 Based on Section 8 Rent Roll.
Operating Expenses (Pro Forma) ($180,212) Seller's figures.
(+) Management Fee (5% est.) ($48,014) Realistic adjustment not included in pro forma.
Adjusted Total Expenses ($228,226) More conservative estimate of total expenses.
Adjusted Net Operating Income (NOI) $732,062
(-) Annual Debt Service (est.)* ($369,756) 75% of purchase price financing.
Projected Net Cash Flow (Pre-Tax) $362,306 Annual net profit for the investor.

*Financing assumptions: $4,875,000 loan (75%) over 30 years with an estimated interest rate of 6.5%.

Asset Details

Feature Detail
Total Units 42 Units
Composition
  • 18 x 2 Bedrooms / 1 Bathroom (43%)
  • 12 x 1 Bedroom / 1 Bathroom (29%)
  • 12 x Studios (28%)
Condition Turnkey. Extensive renovation recently completed.
Location Developing area with long-term appreciation potential.

Opportunities and Next Steps

This is a unique opportunity to acquire a high-performing, stabilized, and modernized asset, offering exceptional cash flow from day one. The new owner can focus on management and operational optimization, with minimal capital risk.

Disclaimer: The information contained in this dashboard is based on pro forma documents provided by the seller and standard market assumptions. Projected figures are subject to verification. Prospective buyers are strongly advised to conduct their own independent due diligence before making any investment decision.