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$349,999

For Sale - Active
517 SW 10th St, Delray Beach, FL 33444
3 Beds
1 Bath
1,056 Square Feet
0.12 Acres Lot
Built in 1971
For Sale - Active
Units n/a
Checked: 2 hours ago
Updated: Sep 05, 2025 at 06:30PM

Investment Summary


Monthly Cash Flow
-$271
Cap Rate
5.2%
Cash-on-Cash Return
-4.0%
Debt Coverage Ratio
0.85
Internal Rate of Return (5 years)
0.1%

Property Description


0.12 Acres Lot
Built in 1971
For Sale - Active
Units n/a

Discover an exceptional investment opportunity in this charming three-bedroom, one-bathroom home that's practically begging for your creative touch. This property offers tremendous renovation potential for savvy investors or homeowners with a vision. The home features an open floor plan perfect for modern living, complemented by existing granite kitchen counters and laminate flooring throughout. The bathroom showcases matching tile flooring and walls, creating a cohesive design foundation. With a six-year-old roof providing peace of mind, you can focus your energy on the cosmetic updates needed for the bathroom and windows. Location enthusiasts will appreciate being just minutes from pristine beaches, while families benefit from access to local B-rated and magnet schools. The established neighborhood adds to the property's long-term investment appeal. The combination of desirable location, existing quality features, and renovation possibilities creates the perfect recipe for a profitable investment. Whether you're an experienced flipper, first-time investor, or owner occupant, this property offers the chance to create something truly special while building equity in a sought-after area. No assignable contracts accepted.

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Location


Property Details


Parking

  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Partial): 0
  • # of Baths (Total): 1.0

Interior Features

  • # of Rooms: 3
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Stucco
  • Foundation: Block
  • Roof Type: Gable or Hip
  • Roof Material: Shingle

Land Information

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

Lot Information

  • Parcel ID: 12434620120000140
  • Lot Size: 5268 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1971

Tax Information

  • Annual Tax: $3,263

Utilities

  • Water & Sewer: Public
  • Heating: Electric
  • Cooling: Wall/Window Unit(s)

Location

  • County: Palm Beach

Listing Details


Listed by:
KEVIOUS DOUGLAS, LLC
RICHARD PETERS REALTY LLC
(813) 417-1391

Source:
Stellar MLS
MLS#: TB8411848
Stellar MLS

Investment Summary


Monthly Cash Flow
-$271
Cap Rate
5.2%
Cash-on-Cash Return
-4.0%
Debt Coverage Ratio
0.85
Internal Rate of Return (5 years)
0.1%

Purchase Details

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Purchase price:
$349,999
Amount financed:
-$279,999
Down payment:
$70,000
Closing costs:
$10,500
Rehab costs:
$0
Initial cash invested:
$80,500
Square feet:
1,056
Cost per square foot:
$331
Monthly rent per square foot:
$2.46

Financing Details

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Loan amount:
$279,999
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,793
Property tax:
$272
Insurance:
$182
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,247

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,600 $31,200
Vacancy loss: (6%)
6% -$156 -$1,872
Operating income:
$2,444 $29,328

Operating Expenses


% Rent Monthly Yearly
Property taxes: (10%)
10%-$272-$3,263
Insurance: (7%)
7%-$182-$2,184
Property management: (8%)
8%-$208-$2,496
Repairs & maintenance: (5%)
5%-$130-$1,560
Capital expenditures: (5%)
5%-$130-$1,560
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (35%)
35%-$922-$11,063

Cash Flow


Monthly Yearly
Net operating income:
$1,522 $18,264
Mortgage payments:
-$1,793 -$21,516
Cash flow:
$271 $3,252