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$2,679,999

For Sale - Active
157 Esperanza Way, Palm Beach Gardens, FL 33418
4 Beds
4 Baths
3,319 Square Feet
0.00 Acres Lot
Built in 2003
For Sale - Active
Units n/a
Checked: 3 hours ago
Updated: Jun 18, 2025 at 03:29AM

Investment Summary


Monthly Cash Flow
-$9,586
Cap Rate
1.9%
Cash-on-Cash Return
-18.7%
Debt Coverage Ratio
0.30
Internal Rate of Return (5 years)
-14.0%

Property Description


0.00 Acres Lot
Built in 2003
For Sale - Active
Units n/a

Absolutely beautifully redone home with 4 bedrooms, a loft, office and den. New appliances, pool resurfaced with newer tile, outside of the home was just painted. Selling with most furniture. Summer kitchen, new bathrooms, beautiful countertops in kitchen. Primary bedroom and a guest suite and office den are on the first floor. 2 guest suites and a small loft upstairs. Just move right in!

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Location


Property Details


Parking

  • Description: Attached, Driveway, Garage, GolfCartGarage, TwoOrMoreSpaces, GarageDoorOpener
  • Details: Attached, Driveway, Garage, Golf Cart Garage
  • Garage Spaces: 3
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Partial): 1
  • # of Baths (Total): 4.0

Interior Features

  • # of Stories: 2

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Type: Wood Truss
  • Roof Material: Barrel, Spanish Tile, Tile
  • Pool: Yes
  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • HOA Fee: $949/monthly

Land Information

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

Lot Information

  • Parcel ID: 52424204040000290
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2003

Tax Information

  • Annual Tax: $11,766

Utilities

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

Location

  • County: Palm Beach

Listing Details


Listed by:
Betty A Schneider
Mirasol Realty
(561) 307-6602

Source:
BeachesMLS
MLS#: R11091419
BeachesMLS

Investment Summary


Monthly Cash Flow
-$9,586
Cap Rate
1.9%
Cash-on-Cash Return
-18.7%
Debt Coverage Ratio
0.30
Internal Rate of Return (5 years)
-14.0%

Purchase Details

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Purchase price:
$2,679,999
Amount financed:
-$2,143,999
Down payment:
$536,000
Closing costs:
$80,400
Rehab costs:
$0
Initial cash invested:
$616,400
Square feet:
3,319
Cost per square foot:
$807
Monthly rent per square foot:
$2.65

Financing Details

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Loan amount:
$2,143,999
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$13,728
Property tax:
$981
Insurance:
$616
Private mortgage insurance (PMI):
$0
Monthly payment:
$15,325

Operating Income

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% Rent Monthly Yearly
Gross rent:
$8,800 $105,600
Vacancy loss: (6%)
6% -$528 -$6,336
Operating income:
$8,272 $99,264

Operating Expenses


% Rent Monthly Yearly
Property taxes: (11%)
11%-$981-$11,766
Insurance: (7%)
7%-$616-$7,392
Property management: (8%)
8%-$704-$8,448
Repairs & maintenance: (5%)
5%-$440-$5,280
Capital expenditures: (5%)
5%-$440-$5,280
HOA fees: (11%)
11%-$949-$11,388
Total operating expenses: (47%)
47%-$4,130-$49,554

Cash Flow


Monthly Yearly
Net operating income:
$4,142 $49,704
Mortgage payments:
-$13,728 -$164,736
Cash flow:
$9,586 $115,032