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$539,000

For Sale - Active
440 62nd St, Holmes Beach, FL 34217
2 Beds
2 Baths
1,176 Square Feet
0.08 Acres Lot
Built in 1970
For Sale - Active
Units n/a
Checked: 6 hours ago
Updated: Aug 23, 2025 at 06:30PM

Investment Summary


Monthly Cash Flow
-$1,400
Cap Rate
3.0%
Cash-on-Cash Return
-13.6%
Debt Coverage Ratio
0.49
Internal Rate of Return (5 years)
-9.1%

Property Description


0.08 Acres Lot
Built in 1970
For Sale - Active
Units n/a

We are thrilled to share an exciting new listing with you: a nicely remodeled villa in the highly sought-after Seaside Gardens community. This property has undergone a complete interior transformation, presenting a fresh and modern living space that's ready for its new owner to personalize with their unique style. The exterior has been freshly painted and new gutters installed. One of the standout features of this villa is its brand-new interior, meticulously updated with a keen eye for modern aesthetics. The entire living area boasts sleek and durable epoxy flooring, offering both a contemporary look and easy maintenance. Additionally, the villa includes a convenient carport for parking and a generously sized storage room, perfect for housing bikes, beach gear, and any other items you might need to tuck away. We believe this villa presents a fantastic opportunity for anyone looking for a move-in ready home in a desirable location that is close to the beach, boat ramp, dog park and plenty of great shops and restaurants. Weekly rentals are allowed! New AC 2025. New roof 2023. We’re confident this villa will be a perfect fit for a variety of lifestyles, and we'd love to discuss it with you further.

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Location


Property Details


Parking

  • Description: Driveway
  • 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 Rooms: 5
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Stucco
  • Foundation: Slab
  • Roof Type: Gable or Hip
  • Roof Material: Built-Up

HOA

  • Has HOA: Yes
  • Association: Premium Resource Management- Kerry Minard
  • HOA Fee: $150/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Duplex

Lot Information

  • Parcel ID: 72556.10102
  • Lot Size: 3498 sqft

Property Information

  • Property Type: Townhouse
  • Year Built: 1970

Tax Information

  • Annual Tax: $8,365

Utilities

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

Location

  • County: Manatee

Listing Details


Listed by:
Stephanie Bell
FRAN MAXON REAL ESTATE
(941) 920-5156

Source:
Stellar MLS
MLS#: A4658666
Stellar MLS

Investment Summary


Monthly Cash Flow
-$1,400
Cap Rate
3.0%
Cash-on-Cash Return
-13.6%
Debt Coverage Ratio
0.49
Internal Rate of Return (5 years)
-9.1%

Purchase Details

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Purchase price:
$539,000
Amount financed:
-$431,200
Down payment:
$107,800
Closing costs:
$16,170
Rehab costs:
$0
Initial cash invested:
$123,970
Square feet:
1,176
Cost per square foot:
$458
Monthly rent per square foot:
$2.72

Financing Details

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Loan amount:
$431,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,761
Property tax:
$697
Insurance:
$224
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,682

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,200 $38,400
Vacancy loss: (6%)
6% -$192 -$2,304
Operating income:
$3,008 $36,096

Operating Expenses


% Rent Monthly Yearly
Property taxes: (22%)
22%-$697-$8,365
Insurance: (7%)
7%-$224-$2,688
Property management: (8%)
8%-$256-$3,072
Repairs & maintenance: (5%)
5%-$160-$1,920
Capital expenditures: (5%)
5%-$160-$1,920
HOA fees: (5%)
5%-$150-$1,800
Total operating expenses: (51%)
51%-$1,647-$19,765

Cash Flow


Monthly Yearly
Net operating income:
$1,361 $16,332
Mortgage payments:
-$2,761 -$33,132
Cash flow:
$1,400 $16,800