Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Copied
Photo
Copied
Photo
Photo
Photo
Photo
See all photos

$345,000

For Sale - Active
1102 Republic Ct, Deerfield Beach, FL 33442
3 Beds
2 Baths
1,250 Square Feet
0.00 Acres Lot
Built in 1987
For Sale - Active
Units n/a
Checked: 13 hours ago
Updated: Jul 17, 2025 at 05:52AM

Investment Summary


Monthly Cash Flow
-$488
Cap Rate
4.4%
Cash-on-Cash Return
-7.4%
Debt Coverage Ratio
0.72
Internal Rate of Return (5 years)
-3.2%

Property Description


0.00 Acres Lot
Built in 1987
For Sale - Active
Units n/a

Welcome to your dream home in Independence Bay, a resort-style community with 5 pools, tennis courts, fitness center, clubhouse, playground and private boat ramp with boat parking and 2 manned guard gates! Ideally located just east of the Sawgrass, and minutes to Florida's Turnpike, I-95, shopping, beaches & parks-the lifestyle you've been looking for! This recently updated, stunning 3-bedroom, 2-bath corner unit has vaulted ceilings that create a bright, open, and airy feel. Enjoy your morning coffee bathed in tropical sunlight on the large screened-in porch, with breathtaking lake views that bring peace and serenity to your everyday living. This unit also features a private front patio for grilling, attic storage space, and a reserved parking space right in front of the home. AC 2019!

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

Location


Property Details


Parking

  • Details: Assigned
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Stories: 2

HOA

  • Has HOA: Yes
  • HOA Fee: $550/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 484209AK0700
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 1987

Tax Information

  • Annual Tax: $1,231

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Central Air

Location

  • County: Broward

Listing Details


Listed by:
Tamara Wiles Pettingell
Keyes - Boca East
(954) 309-7788

Source:
BeachesMLS
MLS#: R11100227
BeachesMLS

Investment Summary


Monthly Cash Flow
-$488
Cap Rate
4.4%
Cash-on-Cash Return
-7.4%
Debt Coverage Ratio
0.72
Internal Rate of Return (5 years)
-3.2%

Purchase Details

Find an Agent

Purchase price:
$345,000
Amount financed:
-$276,000
Down payment:
$69,000
Closing costs:
$10,350
Rehab costs:
$0
Initial cash invested:
$79,350
Square feet:
1,250
Cost per square foot:
$276
Monthly rent per square foot:
$2.24

Financing Details

Find a Lender

Loan amount:
$276,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,767
Property tax:
$103
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,066

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$2,800 $33,600
Vacancy loss: (6%)
6% -$168 -$2,016
Operating income:
$2,632 $31,584

Operating Expenses


% Rent Monthly Yearly
Property taxes: (4%)
4%-$103-$1,231
Insurance: (7%)
7%-$196-$2,352
Property management: (8%)
8%-$224-$2,688
Repairs & maintenance: (5%)
5%-$140-$1,680
Capital expenditures: (5%)
5%-$140-$1,680
HOA fees: (20%)
20%-$550-$6,600
Total operating expenses: (48%)
48%-$1,353-$16,231

Cash Flow


Monthly Yearly
Net operating income:
$1,279 $15,348
Mortgage payments:
-$1,767 -$21,204
Cash flow:
$488 $5,856