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$188,888

Sale Pending
606 SW 1st St Unit 606-17, Boynton Beach, FL 33435
2 Beds
2 Baths
1,032 Square Feet
0.00 Acres Lot
Built in 1974
Sale Pending
Units n/a
Checked: 15 hours ago
Updated: Sep 26, 2025 at 10:05AM

Investment Summary


Monthly Cash Flow
-$695
Cap Rate
1.7%
Cash-on-Cash Return
-19.2%
Debt Coverage Ratio
0.28
Internal Rate of Return (5 years)
-14.5%

Property Description


0.00 Acres Lot
Built in 1974
Sale Pending
Units n/a

Discover Coastal Living in the heart of Boynton Beach, Fl. Perfectly situated just Minutes from the stunning Boynton Beach where you can enjoy sun-soaked days, water sports, or paceful morning walking by the ocean , close to restaurants, Boyton Harbor Marina, shopping and major highways, . Completed remodeled new Kitchen counter tops, New flooring, Freshly painted, and brand new appliances including a new powerfull Ac Unit. Easy to commute to I-95 This location is ideal for year round living, a vacation getaway, or smart investment. Dont miss this one, priced right!

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Location


Property Details


Parking

  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Partial): 0
  • # of Baths (Total): 2.0

Interior Features

  • # of Stories: 2

Exterior Features

  • Roof Material: Composition, Shingle

HOA

  • Has HOA: Yes
  • HOA Fee: $750/monthly

Land Information

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

Lot Information

  • Parcel ID: 08434528440176060
  • Lot Size: 0 sqft

Property Information

  • Property Type: Townhouse
  • Year Built: 1974

Tax Information

  • Annual Tax: $2,628

Utilities

  • Heating: Central
  • Cooling: Central Air

Location

  • County: Palm Beach

Listing Details


Listed by:
Rob Arias
Partnership Realty Inc.
(561) 722-8543

Source:
BeachesMLS
MLS#: R11108789
BeachesMLS

Investment Summary


Monthly Cash Flow
-$695
Cap Rate
1.7%
Cash-on-Cash Return
-19.2%
Debt Coverage Ratio
0.28
Internal Rate of Return (5 years)
-14.5%

Purchase Details

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Purchase price:
$188,888
Amount financed:
-$151,110
Down payment:
$37,778
Closing costs:
$5,667
Rehab costs:
$0
Initial cash invested:
$43,445
Square feet:
1,032
Cost per square foot:
$183
Monthly rent per square foot:
$1.74

Financing Details

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Loan amount:
$151,110
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$968
Property tax:
$219
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,313

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (12%)
12%-$219-$2,628
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (42%)
42%-$750-$9,000
Total operating expenses: (79%)
79%-$1,419-$17,028

Cash Flow


Monthly Yearly
Net operating income:
$273 $3,276
Mortgage payments:
-$968 -$11,616
Cash flow:
-$695 -$8,340