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$619,900

For Sale - Active
17138 Waterbend Dr Apt 216, Jupiter, FL 33477
3 Beds
2 Baths
1,818 Square Feet
0.00 Acres Lot
Built in 1982
For Sale - Active
Units n/a
Checked: 1 hour ago
Updated: Jun 07, 2025 at 03:25AM

Investment Summary


Monthly Cash Flow
-$2,865
Cap Rate
0.7%
Cash-on-Cash Return
-24.1%
Debt Coverage Ratio
0.12
Internal Rate of Return (5 years)
-19.3%

Property Description


0.00 Acres Lot
Built in 1982
For Sale - Active
Units n/a

Experience luxurious living in this meticulously updated second-floor Waterbend condo located in the highly desirable Jonathan's Landing community. With vaulted ceilings and expansive views of the 11th green, this bright and spacious two-bedroom unit offers a den that can easily serve as a third bedroom. Step into a space where no detail has been overlooked. Admire the brand new vinyl wood floors that add a touch of elegance throughout. Partial impact windows not only enhance the aesthetic appeal but also provide added security and peace of mind.The kitchen is a chef's delight, boasting stainless steel appliances, a new dishwasher, and quartz countertops. Whether you're entertaining guests or enjoying a quiet evening, the large screened porch offers the perfect outdoor retreat. (more)

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Location


Property Details


Parking

  • Description: Attached, Garage, GarageDoorOpener
  • Details: Attached, Garage, Garage Door Opener
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Stories: 2

Exterior Features

  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • HOA Fee: $1,619/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 00434106140002160
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 1982

Tax Information

  • Annual Tax: $9,122

Utilities

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

Location

  • County: Palm Beach

Listing Details


Listed by:
Paul Thomas Stockall
Compass Florida LLC
(561) 510-3013

Source:
BeachesMLS
MLS#: R10970247
BeachesMLS

Investment Summary


Monthly Cash Flow
-$2,865
Cap Rate
0.7%
Cash-on-Cash Return
-24.1%
Debt Coverage Ratio
0.12
Internal Rate of Return (5 years)
-19.3%

Purchase Details

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Purchase price:
$619,900
Amount financed:
-$495,920
Down payment:
$123,980
Closing costs:
$18,597
Rehab costs:
$0
Initial cash invested:
$142,577
Square feet:
1,818
Cost per square foot:
$341
Monthly rent per square foot:
$2.20

Financing Details

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Loan amount:
$495,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$3,246
Property tax:
$760
Insurance:
$280
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,286

Operating Income

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% Rent Monthly Yearly
Gross rent:
$4,000 $48,000
Vacancy loss: (6%)
6% -$240 -$2,880
Operating income:
$3,760 $45,120

Operating Expenses


% Rent Monthly Yearly
Property taxes: (19%)
19%-$760-$9,122
Insurance: (7%)
7%-$280-$3,360
Property management: (8%)
8%-$320-$3,840
Repairs & maintenance: (5%)
5%-$200-$2,400
Capital expenditures: (5%)
5%-$200-$2,400
HOA fees: (40%)
40%-$1,619-$19,428
Total operating expenses: (84%)
84%-$3,379-$40,550

Cash Flow


Monthly Yearly
Net operating income:
$381 $4,572
Mortgage payments:
-$3,246 -$38,952
Cash flow:
$2,865 $34,380