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$1,750,000

For Sale - Active
4941 S Lake Dr, Boynton Beach, FL 33436
4 Beds
4 Baths
2,650 Square Feet
0.31 Acres Lot
Built in 2018
For Sale - Active
Units n/a
Checked: 6 hours ago
Updated: Aug 05, 2025 at 12:19AM

Investment Summary


Monthly Cash Flow
-$4,210
Cap Rate
3.3%
Cash-on-Cash Return
-12.6%
Debt Coverage Ratio
0.53
Internal Rate of Return (5 years)
-8.2%

Property Description


0.31 Acres Lot
Built in 2018
For Sale - Active
Units n/a

This home was completely rebuilt in 2019 including all drywall, insulation, electric wiring A/C including ducts and impact windows and doors. The home is finished in a Coastal contemporary style with white tongue and groove wood ceilings with beams, white cabinets and Bleached wood look flooring. Plans have been completed for a new pool , new kitchen, additional bar and mud room The air conditioned garage has room for 2 cars and a golf cart. Electric retractable screen cover for the entire rear covered seating area. Pool and interior renovation will be completed by mid October

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Location


Property Details


Parking

  • Description: Attached, Garage, GolfCartGarage, TwoOrMoreSpaces, GarageDoorOpener
  • Details: Attached, Driveway, Garage, Golf Cart Garage
  • Garage Spaces: 3
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Partial): 1
  • # of Baths (Total): 4.0

Interior Features

  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Type: Gable or Hip
  • Roof Material: Concrete, Flat, Tile
  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • HOA Fee: $333/monthly

Land Information

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

Lot Information

  • Parcel ID: 00424601010110030
  • Lot Size: 13486 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2018

Tax Information

  • Annual Tax: $19,275

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Central Air, Ceiling Fan(s), Electric

Location

  • County: Palm Beach

Listing Details


Listed by:
Philip L Colnon
Daryl G. Bush Realty Inc.
(561) 929-8680

Source:
BeachesMLS
MLS#: R11099853
BeachesMLS

Investment Summary


Monthly Cash Flow
-$4,210
Cap Rate
3.3%
Cash-on-Cash Return
-12.6%
Debt Coverage Ratio
0.53
Internal Rate of Return (5 years)
-8.2%

Purchase Details

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Purchase price:
$1,750,000
Amount financed:
-$1,400,000
Down payment:
$350,000
Closing costs:
$52,500
Rehab costs:
$0
Initial cash invested:
$402,500
Square feet:
2,650
Cost per square foot:
$660
Monthly rent per square foot:
$3.66

Financing Details

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Loan amount:
$1,400,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$8,964
Property tax:
$1,606
Insurance:
$679
Private mortgage insurance (PMI):
$0
Monthly payment:
$11,249

Operating Income

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% Rent Monthly Yearly
Gross rent:
$9,700 $116,400
Vacancy loss: (6%)
6% -$582 -$6,984
Operating income:
$9,118 $109,416

Operating Expenses


% Rent Monthly Yearly
Property taxes: (17%)
17%-$1,606-$19,275
Insurance: (7%)
7%-$679-$8,148
Property management: (8%)
8%-$776-$9,312
Repairs & maintenance: (5%)
5%-$485-$5,820
Capital expenditures: (5%)
5%-$485-$5,820
HOA fees: (3%)
3%-$333-$3,996
Total operating expenses: (45%)
45%-$4,364-$52,371

Cash Flow


Monthly Yearly
Net operating income:
$4,754 $57,048
Mortgage payments:
-$8,964 -$107,568
Cash flow:
$4,210 $50,520