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$225,000

For Sale - Active
4500 N Federal Hwy Apt 328D, Lighthouse Point, FL 33064
2 Beds
2 Baths
984 Square Feet
0.00 Acres Lot
Built in 1970
For Sale - Active
Units n/a
Checked: 22 hours ago
Updated: Sep 03, 2025 at 06:30PM

Investment Summary


Potential Missing Expenses

We noticed that HOA fees are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$136
Cap Rate
5.4%
Cash-on-Cash Return
-3.2%
Debt Coverage Ratio
0.88
Internal Rate of Return (5 years)
0.9%

Property Description


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

Charming fully furnished 2-bedroom, 2-bath condo in the heart of Lighthouse Point with your own privatel balcony. This well-maintained unit features hurricane shutters and generous storage, including two walk-in closets and additional storage near the common laundry room just steps from the unit. The building has passed its 40-year inspection and is structurally sound. Boat dockage with ocean access is available, and the unit comes with one assigned parking spot. Centrally located just minutes from trendy Hillsboro Beach, shopping, and dining. The community allows rentals after two years, and financing requires a minimum 640 credit score and 10% down. Ideal for year-round living or a seasonal getaway in a quiet, well-kept community. Building features a pool, gym, clubhouse and BBQ area.

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Location


Property Details


Parking

  • Description: Assigned, Guest, OneSpace
  • 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 Rooms: 5
  • # of Stories: 3

Exterior Features

  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • Additional HOA Fee: $540

Land Information

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

Lot Information

  • Parcel ID: 484318AH1000
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 1970

Tax Information

  • Annual Tax: $3,527

Utilities

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

Location

  • County: Broward

Listing Details


Listed by:
Eileen Stachelek
VantaSure Realty LLC
(954) 448-0268

Source:
BeachesMLS
MLS#: F10523044
BeachesMLS

Investment Summary


Potential Missing Expenses

We noticed that HOA fees are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$136
Cap Rate
5.4%
Cash-on-Cash Return
-3.2%
Debt Coverage Ratio
0.88
Internal Rate of Return (5 years)
0.9%

Purchase Details

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Purchase price:
$225,000
Amount financed:
-$180,000
Down payment:
$45,000
Closing costs:
$6,750
Rehab costs:
$0
Initial cash invested:
$51,750
Square feet:
984
Cost per square foot:
$229
Monthly rent per square foot:
$1.93

Financing Details

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Loan amount:
$180,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,153
Property tax:
$294
Insurance:
$133
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,580

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,900 $22,800
Vacancy loss: (6%)
6% -$114 -$1,368
Operating income:
$1,786 $21,432

Operating Expenses


% Rent Monthly Yearly
Property taxes: (15%)
15%-$294-$3,527
Insurance: (7%)
7%-$133-$1,596
Property management: (8%)
8%-$152-$1,824
Repairs & maintenance: (5%)
5%-$95-$1,140
Capital expenditures: (5%)
5%-$95-$1,140
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (40%)
40%-$769-$9,227

Cash Flow


Monthly Yearly
Net operating income:
$1,017 $12,204
Mortgage payments:
-$1,153 -$13,836
Cash flow:
-$136 -$1,632