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$2,475,000

For Sale - Active
12605 Mallet Cir, Wellington, FL 33414
3 Beds
2 Baths
1,822 Square Feet
0.17 Acres Lot
Built in 1990
For Sale - Active
Units n/a
Checked: 12 hours ago
Updated: May 16, 2025 at 02:58PM

Investment Summary


Monthly Cash Flow
-$8,228
Cap Rate
2.2%
Cash-on-Cash Return
-17.3%
Debt Coverage Ratio
0.35
Internal Rate of Return (5 years)
-12.8%

Property Description


0.17 Acres Lot
Built in 1990
For Sale - Active
Units n/a

Thoughtfully designer decorated to bring Organic Modern to life, that emphasizes natural elements and sophisticated craftsmanship. This 3-bedroom, 2-bathroom home, Spanning 1,822 sq.ft., is a masterpiece of functionality and elegance, located in the Chukker Cove in the desirable Palm Beach Polo gated community. This property is move-in ready and being sold turn-key. The chef's kitchen is a showstopper, featuring custom cabinetry, Jenn-Air appliances, and a 42'' fully integrated armoire refrigerator with a sleek black interior. The quartzite countertops and a wine bar with an under-counter beverage center make this space perfect for entertaining and culinary creativity.Throughout the home, you'll find engineered French oak wood flooring, complemented by custom glass French doors,

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Location


Property Details


Parking

  • Description: Garage, TwoOrMoreSpaces
  • Details: Garage
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Type: Wood Truss
  • Pool: Yes

HOA

  • Has HOA: Yes
  • HOA Fee: $876/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Zero Lot Line

Lot Information

  • Parcel ID: 73414415080000450
  • Lot Size: 7360 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1990

Tax Information

  • Annual Tax: $18,887

Utilities

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

Location

  • County: Palm Beach

Listing Details


Listed by:
Kristina L Lloyd
Douglas Elliman (Wellington)
(561) 670-4270

Source:
BeachesMLS
MLS#: R11043380
BeachesMLS

Investment Summary


Monthly Cash Flow
-$8,228
Cap Rate
2.2%
Cash-on-Cash Return
-17.3%
Debt Coverage Ratio
0.35
Internal Rate of Return (5 years)
-12.8%

Purchase Details

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Purchase price:
$2,475,000
Amount financed:
-$1,980,000
Down payment:
$495,000
Closing costs:
$74,250
Rehab costs:
$0
Initial cash invested:
$569,250
Square feet:
1,822
Cost per square foot:
$1,358
Monthly rent per square foot:
$5.49

Financing Details

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Loan amount:
$1,980,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$12,678
Property tax:
$1,574
Insurance:
$700
Private mortgage insurance (PMI):
$0
Monthly payment:
$14,952

Operating Income

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% Rent Monthly Yearly
Gross rent:
$10,000 $120,000
Vacancy loss: (6%)
6% -$600 -$7,200
Operating income:
$9,400 $112,800

Operating Expenses


% Rent Monthly Yearly
Property taxes: (16%)
16%-$1,574-$18,887
Insurance: (7%)
7%-$700-$8,400
Property management: (8%)
8%-$800-$9,600
Repairs & maintenance: (5%)
5%-$500-$6,000
Capital expenditures: (5%)
5%-$500-$6,000
HOA fees: (9%)
9%-$876-$10,512
Total operating expenses: (49%)
49%-$4,950-$59,399

Cash Flow


Monthly Yearly
Net operating income:
$4,450 $53,400
Mortgage payments:
-$12,678 -$152,136
Cash flow:
$8,228 $98,736