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$445,500

For Sale - Active
1483 Barrymore Ct, Wellington, FL 33414
3 Beds
3 Baths
1,502 Square Feet
0.05 Acres Lot
Built in 2001
For Sale - Active
Units n/a
Checked: 17 hours ago
Updated: Jun 28, 2025 at 06:32PM

Investment Summary


Monthly Cash Flow
-$912
Cap Rate
3.7%
Cash-on-Cash Return
-10.7%
Debt Coverage Ratio
0.60
Internal Rate of Return (5 years)
-6.3%

Property Description


0.05 Acres Lot
Built in 2001
For Sale - Active
Units n/a

Welcome Home to this 3 Bed/2.5 Bath corner town home with A 1 car garage in the highly desirable denvelopment of Town Place. Dont miss the opportunity to put your personal touches on this fully renovated corner unit with 2024 Hurricane impact windows and doors. The Master bath & Guest bath remodeled in 2022, following A full kitchen and half bath remodel. Water heater new 2023. Close to Wellington shopping centers, Equestrian activities, dining & tons of recreational options including the infamous Wellington Polo Fields.This is a rare opportunity to own a modern move-in ready home in one of the area's most desirable communities. Schedule your private tour today and see all that this stunning home and location have to offer.

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Location


Property Details


Parking

  • Description: Attached, Garage, GarageDoorOpener
  • Details: Attached, Driveway, Garage, Open
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 3
  • # of Stories: 2

Exterior Features

  • Roof Material: Concrete
  • Pool: Yes
  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • HOA Fee: $185/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Townhouse

Lot Information

  • Parcel ID: 73414409070160040
  • Lot Size: 2222 sqft

Property Information

  • Property Type: Townhouse
  • Year Built: 2001

Tax Information

  • Annual Tax: $4,522

Utilities

  • Heating: Central
  • Cooling: Ceiling Fan(s)

Location

  • County: Palm Beach

Listing Details


Listed by:
Tito Esteves
KW Reserve Palm Beach
(561) 598-1017

Source:
BeachesMLS
MLS#: R11101797
BeachesMLS

Investment Summary


Monthly Cash Flow
-$912
Cap Rate
3.7%
Cash-on-Cash Return
-10.7%
Debt Coverage Ratio
0.60
Internal Rate of Return (5 years)
-6.3%

Purchase Details

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Purchase price:
$445,500
Amount financed:
-$356,400
Down payment:
$89,100
Closing costs:
$13,365
Rehab costs:
$0
Initial cash invested:
$102,465
Square feet:
1,502
Cost per square foot:
$297
Monthly rent per square foot:
$1.86

Financing Details

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Loan amount:
$356,400
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,282
Property tax:
$377
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,855

Operating Income

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% 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: (13%)
13%-$377-$4,522
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: (7%)
7%-$185-$2,220
Total operating expenses: (45%)
45%-$1,262-$15,142

Cash Flow


Monthly Yearly
Net operating income:
$1,370 $16,440
Mortgage payments:
-$2,282 -$27,384
Cash flow:
$912 $10,944