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$4,630,000

For Sale - Active
2704 NW 75th St, Boca Raton, FL 33496
6 Beds
8 Baths
7,168 Square Feet
0.36 Acres Lot
Built in 2016
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: Jun 12, 2025 at 03:04AM

Investment Summary


Monthly Cash Flow
-$20,297
Cap Rate
0.9%
Cash-on-Cash Return
-22.9%
Debt Coverage Ratio
0.14
Internal Rate of Return (5 years)
-18.1%

Property Description


0.36 Acres Lot
Built in 2016
For Sale - Active
Units n/a

SPECTACULAR . LUXURY, 6 BEDROOM 7.5 BATH . THIS MAJESTIC VILLA LAGO MODEL WITH 7168 SQUARE FEET OF LIVING AREA IS LOCATED ON A PREMIER SOUTH FACING LAKE LOT. EXQUISITE SWIMMING POOL & SPA ,SUMMER KITCHEN, OUTDOOR LIVING AREA , GOURMET KITCHEN WITH SUB ZERO AND WOLF APPLIANCES HAS A LARGE CENTER ISLAND THAT OVERLOOKS A SUNLIT BREAKFAST AREA THAT IS ADJACENT TO FAMILY ROOM AND A COVERED LANAI. UPSTAIRS, AN OPEN LOFT OVERLOOKS THE DOWNSTAIRS LIVING AREAS AND CONTAINS A SECOND MASTER BEDROOM WITH A BALCONY OVERLOOKING THE BEAUTIFUL LAKE . ALL SITUATED ROYAL PALM POLO IS ONE OF BOCA RATON'S MOST SOUGHT OUT AND BEST LOCATED LUXURY COMMUNITIES. GATED WITH TENNIS COURTS, FITNESS CENTER, RESORT STYLE POOL, & CLUBHOUSE.

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Location


Property Details


Parking

  • Description: Attached, Driveway, Garage, GarageDoorOpener
  • Details: Attached, Driveway, Garage, Garage Door Opener
  • Garage Spaces: 3
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 6

Bathroom Information

  • # of Baths (Full): 7
  • # of Baths (Partial): 1
  • # of Baths (Total): 8.0

Interior Features

  • # of Stories: 2

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Type: Wood Truss
  • Roof Material: Concrete
  • Pool: Yes
  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • HOA Fee: $820/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 06424634230010490
  • Lot Size: 15647 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2016

Tax Information

  • Annual Tax: $39,375

Utilities

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

Location

  • County: Palm Beach

Listing Details


Listed by:
Mark Witten
United Realty Group, Inc
(561) 866-1020

Source:
BeachesMLS
MLS#: R11059438
BeachesMLS

Investment Summary


Monthly Cash Flow
-$20,297
Cap Rate
0.9%
Cash-on-Cash Return
-22.9%
Debt Coverage Ratio
0.14
Internal Rate of Return (5 years)
-18.1%

Purchase Details

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Purchase price:
$4,630,000
Amount financed:
-$3,704,000
Down payment:
$926,000
Closing costs:
$138,900
Rehab costs:
$0
Initial cash invested:
$1,064,900
Square feet:
7,168
Cost per square foot:
$646
Monthly rent per square foot:
$1.52

Financing Details

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Loan amount:
$3,704,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$23,717
Property tax:
$3,281
Insurance:
$763
Private mortgage insurance (PMI):
$0
Monthly payment:
$27,761

Operating Income

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% Rent Monthly Yearly
Gross rent:
$10,900 $130,800
Vacancy loss: (6%)
6% -$654 -$7,848
Operating income:
$10,246 $122,952

Operating Expenses


% Rent Monthly Yearly
Property taxes: (30%)
30%-$3,281-$39,375
Insurance: (7%)
7%-$763-$9,156
Property management: (8%)
8%-$872-$10,464
Repairs & maintenance: (5%)
5%-$545-$6,540
Capital expenditures: (5%)
5%-$545-$6,540
HOA fees: (8%)
8%-$820-$9,840
Total operating expenses: (63%)
63%-$6,826-$81,915

Cash Flow


Monthly Yearly
Net operating income:
$3,420 $41,040
Mortgage payments:
-$23,717 -$284,604
Cash flow:
$20,297 $243,564