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$998,000

For Sale - Active
430 SE 1st Ter, Pompano Beach, FL 33060
3 Beds
3 Baths
1,822 Square Feet
0.18 Acres Lot
Built in 1959
For Sale - Active
Units n/a
Checked: 13 hours ago
Updated: Jun 14, 2025 at 03:25AM

Investment Summary


Monthly Cash Flow
-$1,469
Cap Rate
4.5%
Cash-on-Cash Return
-7.7%
Debt Coverage Ratio
0.72
Internal Rate of Return (5 years)
-3.4%

Property Description


0.18 Acres Lot
Built in 1959
For Sale - Active
Units n/a

This exceptional waterfront retreat in the desirable Garden Isles neighborhood of Pompano Beach has been taken down to the studs and completely reimagined. This home showcases a meticulous renovation with all-new electrical wiring, a modern HVAC system that includes garage air conditioning, and upgraded PEX plumbing with a 1 1/4 inch water service line. Every detail has been thoughtfully designed for comfort and efficiency, from the energy-saving R-16 blown insulation that keeps electric bills low all year round to the all-new impact windows and doors that provide safety and peace of mind. A 20KW full-house generator powered by natural gas, along with a tankless hot water heater and a custom-installed gas line, ensures uninterrupted comfort and convenience.

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Location


Property Details


Parking

  • Description: Attached, CircularDriveway, Driveway, Garage
  • Details: Attached, Circular Driveway, Driveway, Garage
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Type: Gable or Hip
  • Roof Material: Barrel

Land Information

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

Lot Information

  • Parcel ID: 494201270150
  • Lot Size: 7700 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1959

Tax Information

  • Annual Tax: $7,272

Utilities

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

Location

  • County: Broward

Listing Details


Listed by:
Ben Hartman
Illustrated Properties LLC (Co
(310) 850-2386

Source:
BeachesMLS
MLS#: R11069028
BeachesMLS

Investment Summary


Monthly Cash Flow
-$1,469
Cap Rate
4.5%
Cash-on-Cash Return
-7.7%
Debt Coverage Ratio
0.72
Internal Rate of Return (5 years)
-3.4%

Purchase Details

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Purchase price:
$998,000
Amount financed:
-$798,400
Down payment:
$199,600
Closing costs:
$29,940
Rehab costs:
$0
Initial cash invested:
$229,540
Square feet:
1,822
Cost per square foot:
$548
Monthly rent per square foot:
$3.46

Financing Details

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Loan amount:
$798,400
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.810%
Principal & interest:
$5,210
Property tax:
$606
Insurance:
$441
Private mortgage insurance (PMI):
$0
Monthly payment:
$6,257

Operating Income

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% Rent Monthly Yearly
Gross rent:
$6,300 $75,600
Vacancy loss: (6%)
6% -$378 -$4,536
Operating income:
$5,922 $71,064

Operating Expenses


% Rent Monthly Yearly
Property taxes: (10%)
10%-$606-$7,272
Insurance: (7%)
7%-$441-$5,292
Property management: (8%)
8%-$504-$6,048
Repairs & maintenance: (5%)
5%-$315-$3,780
Capital expenditures: (5%)
5%-$315-$3,780
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (35%)
35%-$2,181-$26,172

Cash Flow


Monthly Yearly
Net operating income:
$3,741 $44,892
Mortgage payments:
-$5,210 -$62,520
Cash flow:
$1,469 $17,628