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$569,000

For Sale - Active
13034 Sheridan Ter, Wellington, FL 33414
3 Beds
2 Baths
1,528 Square Feet
0.15 Acres Lot
Built in 1994
For Sale - Active
Units n/a
Checked: 22 hours ago
Updated: Jul 09, 2025 at 03:20AM

Investment Summary


Monthly Cash Flow
-$1,146
Cap Rate
3.7%
Cash-on-Cash Return
-10.5%
Debt Coverage Ratio
0.61
Internal Rate of Return (5 years)
-6.2%

Property Description


0.15 Acres Lot
Built in 1994
For Sale - Active
Units n/a

Situated on a quiet cul-de-sac, this beautiful one-story, 3 bed/2 bath home showcases a newer 2022 Barrel Tile ROOF, modern upgrades, and a bright open layout. Inside, enjoy new vinyl and porcelain flooring (waterproof/scratch proof), a sleek kitchen, quartz countertops, white shaker cabinets, and stainless steel appliances. Both bathrooms are fully updated, including a luxurious floating tub for spa-like relaxation. Step outside to a large screened-in patio and a spacious backyard lined with fruit-bearing trees along the side. There's also ample space on the side of the home—Perfect for PETS or adding a pool. Hurricane shutters for peace of mind. Home is near top-rated "A-rated schools", shopping, dining, & major highways. Low HOA of $125/month. FHA & VA buyers welcome!

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Location


Property Details


Parking

  • Description: Attached, Driveway, Garage, GarageDoorOpener
  • Details: Attached, Driveway, Garage, Garage Door Opener
  • 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

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Type: Wood Truss
  • Roof Material: Barrel

HOA

  • Has HOA: Yes
  • HOA Fee: $125/monthly

Land Information

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

Lot Information

  • Parcel ID: 73414403190001010
  • Lot Size: 6526 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Detached, OneStory
  • Year Built: 1994

Tax Information

  • Annual Tax: $2,938

Utilities

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

Location

  • County: Palm Beach

Listing Details


Listed by:
Sonja Hall
RE3 Community Development
(954) 309-0031

Source:
MIAMI REALTORS MLS
MLS#: A11824584
MIAMI REALTORS MLS

Investment Summary


Monthly Cash Flow
-$1,146
Cap Rate
3.7%
Cash-on-Cash Return
-10.5%
Debt Coverage Ratio
0.61
Internal Rate of Return (5 years)
-6.2%

Purchase Details

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Purchase price:
$569,000
Amount financed:
-$455,200
Down payment:
$113,800
Closing costs:
$17,070
Rehab costs:
$0
Initial cash invested:
$130,870
Square feet:
1,528
Cost per square foot:
$372
Monthly rent per square foot:
$2.03

Financing Details

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Loan amount:
$455,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,915
Property tax:
$245
Insurance:
$217
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,377

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,100 $37,200
Vacancy loss: (6%)
6% -$186 -$2,232
Operating income:
$2,914 $34,968

Operating Expenses


% Rent Monthly Yearly
Property taxes: (8%)
8%-$245-$2,938
Insurance: (7%)
7%-$217-$2,604
Property management: (8%)
8%-$248-$2,976
Repairs & maintenance: (5%)
5%-$155-$1,860
Capital expenditures: (5%)
5%-$155-$1,860
HOA fees: (4%)
4%-$125-$1,500
Total operating expenses: (37%)
37%-$1,145-$13,738

Cash Flow


Monthly Yearly
Net operating income:
$1,769 $21,228
Mortgage payments:
-$2,915 -$34,980
Cash flow:
$1,146 $13,752