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$389,000

For Sale - Active
1745 NW 4th Ave Apt 1, Boca Raton, FL 33432
3 Beds
3 Baths
1,428 Square Feet
0.00 Acres Lot
Built in 1980
For Sale - Active
Units n/a
Checked: 24 hours ago
Updated: Aug 29, 2025 at 10:15AM

Investment Summary


Monthly Cash Flow
-$713
Cap Rate
3.9%
Cash-on-Cash Return
-9.6%
Debt Coverage Ratio
0.64
Internal Rate of Return (5 years)
-5.3%

Property Description


0.00 Acres Lot
Built in 1980
For Sale - Active
Units n/a

Step into affordable luxury in this charming East Boca HOA community where everything is taken care of--roof, master insurance, pool, water, lawn, and landscaping. This spacious 3 bed/3 bath corner townhome is light, bright, and move-in ready with updated floors, kitchen & baths, impact windows, 2025 water heater, 2025 electrical panel, and 2024 AC. Enjoy the ease of having a bedroom and bath downstairs, while two ensuite primary suites upstairs create the perfect retreat. Sip your morning coffee on the private patio, host friends in the open living space & be moments from Mizner,FAU,Brightline, Boca Community hospital and the beach. With two parking spots, guest parking, pet-friendly living, and A-rated schools, this is where comfort,luxury, and convenience meet Boca style. Welcome home!

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Location


Property Details


Parking

  • Description: Assigned, Guest, Other, TwoOrMoreSpaces
  • Details: Assigned, Guest
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 3.0

Interior Features

  • # of Stories: 2

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Material: Composition, Shingle

HOA

  • Has HOA: Yes
  • HOA Fee: $628/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Townhouse

Lot Information

  • Parcel ID: 06434718050010010
  • Lot Size: 0 sqft

Property Information

  • Property Type: Townhouse
  • Year Built: 1980

Tax Information

  • Annual Tax: $2,776

Utilities

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

Location

  • County: Palm Beach

Listing Details


Listed by:
Marisa Hold Steller
Keller Williams Realty Boca Raton
(954) 612-3883

Source:
BeachesMLS
MLS#: R11116857
BeachesMLS

Investment Summary


Monthly Cash Flow
-$713
Cap Rate
3.9%
Cash-on-Cash Return
-9.6%
Debt Coverage Ratio
0.64
Internal Rate of Return (5 years)
-5.3%

Purchase Details

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Purchase price:
$389,000
Amount financed:
-$311,200
Down payment:
$77,800
Closing costs:
$11,670
Rehab costs:
$0
Initial cash invested:
$89,470
Square feet:
1,428
Cost per square foot:
$272
Monthly rent per square foot:
$2.17

Financing Details

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Loan amount:
$311,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,993
Property tax:
$231
Insurance:
$217
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,441

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: (7%)
7%-$231-$2,776
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: (20%)
20%-$628-$7,536
Total operating expenses: (53%)
53%-$1,634-$19,612

Cash Flow


Monthly Yearly
Net operating income:
$1,280 $15,360
Mortgage payments:
-$1,993 -$23,916
Cash flow:
$713 $8,556