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$257,900

For Sale - Active
2687 Carambola Cir N Unit 1771, Coconut Creek, FL 33066
2 Beds
2 Baths
1,120 Square Feet
0.00 Acres Lot
Built in 1986
For Sale - Active
Units n/a
Checked: 24 hours ago
Updated: Jun 05, 2025 at 11:54PM

Investment Summary


Monthly Cash Flow
-$855
Cap Rate
2.3%
Cash-on-Cash Return
-17.3%
Debt Coverage Ratio
0.37
Internal Rate of Return (5 years)
-12.7%

Property Description


0.00 Acres Lot
Built in 1986
For Sale - Active
Units n/a

Beautifully remodeled 2-bedroom, 2-bathroom first-floor condo in desirable Township. This spacious unit features a modern open floor plan with vinyl flooring throughout, a stunning kitchen with quartz countertops, high-end cabinets, and stainless-steel appliances. Both bathrooms are tastefully upgraded with beautiful finishes and fixtures. Enjoy the Florida lifestyle on your screened-in porch, with full size laundry closet and storage, overlooking lush garden views and enjoying all amenities the community offers, such as pool, clubroom, walking/jogging paths, aquatic center, theater... Conveniently situated minutes from beaches, shopping centers, and entertainment. Zoned for excellent schools. Don’t miss this opportunity to live in one of Coconut Creek’s most sought-after neighborhoods!

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Location


Property Details


Parking

  • Description: Guest, TwoSpaces
  • Details: Assigned, Guest
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

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

Interior Features

  • # of Stories: 2

Exterior Features

  • Pool: Yes
  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • HOA Fee: $653/monthly
  • Additional HOA Fee: $653

Land Information

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

Lot Information

  • Parcel ID: 484220DA0270
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 1986

Tax Information

  • Annual Tax: $5,253

Utilities

  • Heating: Central, Electric
  • Cooling: Central Air, Ceiling Fan(s), Electric

Location

  • County: Broward

Listing Details


Listed by:
Ana Mattos
Premier Investments Realty
(954) 639-1615

Source:
BeachesMLS
MLS#: F10507624
BeachesMLS

Investment Summary


Monthly Cash Flow
-$855
Cap Rate
2.3%
Cash-on-Cash Return
-17.3%
Debt Coverage Ratio
0.37
Internal Rate of Return (5 years)
-12.7%

Purchase Details

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Purchase price:
$257,900
Amount financed:
-$206,320
Down payment:
$51,580
Closing costs:
$7,737
Rehab costs:
$0
Initial cash invested:
$59,317
Square feet:
1,120
Cost per square foot:
$230
Monthly rent per square foot:
$2.05

Financing Details

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Loan amount:
$206,320
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$1,351
Property tax:
$438
Insurance:
$161
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,950

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,300 $27,600
Vacancy loss: (6%)
6% -$138 -$1,656
Operating income:
$2,162 $25,944

Operating Expenses


% Rent Monthly Yearly
Property taxes: (19%)
19%-$438-$5,253
Insurance: (7%)
7%-$161-$1,932
Property management: (8%)
8%-$184-$2,208
Repairs & maintenance: (5%)
5%-$115-$1,380
Capital expenditures: (5%)
5%-$115-$1,380
HOA fees: (28%)
28%-$653-$7,836
Total operating expenses: (72%)
72%-$1,666-$19,989

Cash Flow


Monthly Yearly
Net operating income:
$496 $5,952
Mortgage payments:
-$1,351 -$16,212
Cash flow:
$855 $10,260