Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Copied
Photo
Copied
Photo
Photo
Photo
Photo
See all photos

$635,000

For Sale - Active
533 Riverside Dr, Palm Beach Gardens, FL 33410
3 Beds
2 Baths
1,325 Square Feet
0.14 Acres Lot
Built in 1967
For Sale - Active
Units n/a
Checked: 18 hours ago
Updated: Jul 25, 2025 at 07:33AM

Investment Summary


Monthly Cash Flow
-$1,293
Cap Rate
3.7%
Cash-on-Cash Return
-10.6%
Debt Coverage Ratio
0.60
Internal Rate of Return (5 years)
-6.3%

Property Description


0.14 Acres Lot
Built in 1967
For Sale - Active
Units n/a

$10k SELLER'S CREDITS w/ FULL OFFER close by Aug 25, 2025 ! Welcome to this fully renovated 3-bedroom, 2-bathroom waterfront pool home in the heart of Palm Beach Gardens with no HOA. This home has been thoughtfully updated from top to bottom in 2025, featuring new electrical panel and rewiring, NEW AC, NEW tankless water heater, NEW washer and dryer. NEW ROOF is in process of being completed. You'll fall in love with the bright and airy new layout including recessed lighting, luxury vinyl plank flooring, and interior/exterior paint. The open concept kitchen includes all new SS appliances, with ample storage and eat in counter space! The master suite has a beautiful bathroom with a double floating vanity along with brushed gold finishes which continue through out the 2nd bathroom....

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

Location


Property Details


Parking

  • Description: AttachedCarport, Driveway, RvAccessParking
  • Details: Attached, Driveway, Garage, RV Access/Parking
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Type: Gable or Hip
  • Roof Material: Composition, Shingle
  • Pool: Yes

Land Information

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

Lot Information

  • Parcel ID: 52434218030050070
  • Lot Size: 6204 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1967

Tax Information

  • Annual Tax: $2,150

Utilities

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

Location

  • County: Palm Beach

Listing Details


Listed by:
Kelsey McNaughton
Blum Realty Group Inc
(561) 729-4896

Source:
BeachesMLS
MLS#: R11101682
BeachesMLS

Investment Summary


Monthly Cash Flow
-$1,293
Cap Rate
3.7%
Cash-on-Cash Return
-10.6%
Debt Coverage Ratio
0.60
Internal Rate of Return (5 years)
-6.3%

Purchase Details

Find an Agent

Purchase price:
$635,000
Amount financed:
-$508,000
Down payment:
$127,000
Closing costs:
$19,050
Rehab costs:
$0
Initial cash invested:
$146,050
Square feet:
1,325
Cost per square foot:
$479
Monthly rent per square foot:
$2.34

Financing Details

Find a Lender

Loan amount:
$508,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$3,253
Property tax:
$179
Insurance:
$217
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,649

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$3,100 $37,200
Vacancy loss: (6%)
6% -$186 -$2,232
Operating income:
$2,914 $34,968

Operating Expenses


% Rent Monthly Yearly
Property taxes: (6%)
6%-$179-$2,150
Insurance: (7%)
7%-$217-$2,604
Property management: (8%)
8%-$248-$2,976
Repairs & maintenance: (5%)
5%-$155-$1,860
Capital expenditures: (5%)
5%-$155-$1,860
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (31%)
31%-$954-$11,450

Cash Flow


Monthly Yearly
Net operating income:
$1,960 $23,520
Mortgage payments:
-$3,253 -$39,036
Cash flow:
$1,293 $15,516