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Image 1 - 7085 Nova Dr Apt 313, Davie, Florida, 33317 - Condo for sale

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Image 3 - 7085 Nova Dr Apt 313, Davie, Florida, 33317 - Condo for sale

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Condo For Sale In Davie, Florida

7085 Nova Dr Apt 313, Davie, Florida, 33317

Condo For Sale In Davie, Florida

condo for sale

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Listed: 05/07/24

7085 Nova Dr Apt 313, Davie, Florida, 33317

2 Bed:

2 Bath:

1,061 Sq Ft Living Area:

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Price

$ 325,000

Price: Increased

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About This Condo

Introducing a prime investment opportunity in Davie, FL! This 2-bedroom and 2-bathroom condo unit built in 2003 offers immediate returns for savvy investors. The property's prime location in the Fort Lauderdale area presents an attractive market for potential tenants. With its strong rental history and modern construction, this well-maintained low-rise is poised to deliver consistent returns and long-term value. Don't miss out on this turnkey investment is generating a 4.5% capitalization rate at its current rental rate. Similar units are renting at 16% premium which would turn this investment a 5.7% cap rate.

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Original listing

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Davie Housing & Living

Average sale prices for condos

2 bed

Show as List Show as Graph

Month	Median Price
May 2024	$287,699 (-2.1%)
Apr 2024	$293,818 (+6.2%)
Mar 2024	$276,793 (+2.1%)
Feb 2024	$271,059 (-19%)
Jan 2024	$334,542 (0%)
Dec 2023	$334,542 (+15.1%)

In May 2024, the asking price for 2 bed condos for sale in/near Davie, United States averaged $287,699, a decrease of 2.1% from the previous month.

Median price trends for properties for sale in Davie, United States as of May 2024.

Household Income

Median household income: $64,170

Number of households: 34,954

The average household income in Davie, FL grew from $61,704 to $64,170 in the past year. This data is an estimate based upon 34,954 households in Davie, FL.
The chart below presents how household income is distributed in Davie, FL in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Davie, FL compared to median property taxes around the country. The prevalent amount of property taxes in Davie, FL equals $3k+ , which is more than the national average.