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$399,900

Under Contract
1441 W Hardee St, Lantana, FL 33462
3 Beds
1 Bath
1,312 Square Feet
0.18 Acres Lot
Built in 1973
Under Contract
Units n/a
Checked: 14 hours ago
Updated: Jun 27, 2025 at 03:11AM

Investment Summary


Monthly Cash Flow
-$139
Cap Rate
5.7%
Cash-on-Cash Return
-1.8%
Debt Coverage Ratio
0.93
Internal Rate of Return (5 years)
2.2%

Property Description


0.18 Acres Lot
Built in 1973
Under Contract
Units n/a

Conveniently located 3 bedroom, 1 bath pool home with living room, dining area and large family room. Large bedroom that could be made into a master suite with space for an additional bathroom. Kitchen has all stainless steel appliances. Home is secured with accordion shutters on all windows. Large backyard with screened in pool. This home is move in ready! Located close to beaches, restaurants, and 95.

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Location


Property Details


Parking

  • Description: Driveway, TwoorMoreSpaces
  • Details: Driveway
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 1.0

Interior Features

  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Wood Siding
  • Roof Type: Gable or Hip
  • Roof Material: Composition, Shingle
  • Pool: Yes

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 40434504100450160
  • Lot Size: 8004 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1973

Tax Information

  • Annual Tax: $6,072

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Central Air, Ceiling Fan(s)

Location

  • County: Palm Beach

Listing Details


Listed by:
Michelle Menzione Garcia
Re/Max Direct
(561) 596-2119

Source:
BeachesMLS
MLS#: R11093253
BeachesMLS

Investment Summary


Monthly Cash Flow
-$139
Cap Rate
5.7%
Cash-on-Cash Return
-1.8%
Debt Coverage Ratio
0.93
Internal Rate of Return (5 years)
2.2%

Purchase Details

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Purchase price:
$399,900
Amount financed:
-$319,920
Down payment:
$79,980
Closing costs:
$11,997
Rehab costs:
$0
Initial cash invested:
$91,977
Square feet:
1,312
Cost per square foot:
$305
Monthly rent per square foot:
$2.67

Financing Details

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Loan amount:
$319,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,048
Property tax:
$506
Insurance:
$245
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,799

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,500 $42,000
Vacancy loss: (6%)
6% -$210 -$2,520
Operating income:
$3,290 $39,480

Operating Expenses


% Rent Monthly Yearly
Property taxes: (14%)
14%-$506-$6,072
Insurance: (7%)
7%-$245-$2,940
Property management: (8%)
8%-$280-$3,360
Repairs & maintenance: (5%)
5%-$175-$2,100
Capital expenditures: (5%)
5%-$175-$2,100
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (39%)
39%-$1,381-$16,572

Cash Flow


Monthly Yearly
Net operating income:
$1,909 $22,908
Mortgage payments:
-$2,048 -$24,576
Cash flow:
$139 $1,668