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$849,000

For Sale - Active
6803 Kingston Dr, Lantana, FL 33462
3 Beds
2 Baths
1,360 Square Feet
0.24 Acres Lot
Built in 1961
For Sale - Active
Units n/a
Checked: 4 hours ago
Updated: Jun 25, 2025 at 03:04AM

Investment Summary


Monthly Cash Flow
-$1,995
Cap Rate
3.3%
Cash-on-Cash Return
-12.3%
Debt Coverage Ratio
0.54
Internal Rate of Return (5 years)
-7.9%

Property Description


0.24 Acres Lot
Built in 1961
For Sale - Active
Units n/a

Renovated Waterfront Paradise for Boating Enthusiasts and Nature Lovers Alike. Boating enthusiasts and nature lovers will fall in love with this renovated and modern Lake Osborne gem, featuring 170 feet of wide-open waterfront with stunning views of a protected bird sanctuary. Situated directly on Lake Osborne--with access to a scenic network of canals that lead north to Lake Clarke and south to Lake Ida--this property is a dream for those who love life on the water. Inside, enjoy a beautifully updated kitchen with granite countertops and stainless steel appliances.

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Location


Property Details


Parking

  • Description: Garage
  • Garage Spaces: 1
  • 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

HOA

  • Has HOA: Yes
  • HOA Fee: $10/monthly

Land Information

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

Lot Information

  • Parcel ID: 00434505030000500
  • Lot Size: 10281 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1961

Tax Information

  • Annual Tax: $8,888

Utilities

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

Location

  • County: Palm Beach

Listing Details


Listed by:
Dina Blau
REDFIN CORPORATION
(201) 788-6072

Source:
BeachesMLS
MLS#: R11079514
BeachesMLS

Investment Summary


Monthly Cash Flow
-$1,995
Cap Rate
3.3%
Cash-on-Cash Return
-12.3%
Debt Coverage Ratio
0.54
Internal Rate of Return (5 years)
-7.9%

Purchase Details

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Purchase price:
$849,000
Amount financed:
-$679,200
Down payment:
$169,800
Closing costs:
$25,470
Rehab costs:
$0
Initial cash invested:
$195,270
Square feet:
1,360
Cost per square foot:
$624
Monthly rent per square foot:
$3.31

Financing Details

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Loan amount:
$679,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$4,349
Property tax:
$741
Insurance:
$315
Private mortgage insurance (PMI):
$0
Monthly payment:
$5,405

Operating Income

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% Rent Monthly Yearly
Gross rent:
$4,500 $54,000
Vacancy loss: (6%)
6% -$270 -$3,240
Operating income:
$4,230 $50,760

Operating Expenses


% Rent Monthly Yearly
Property taxes: (16%)
16%-$741-$8,888
Insurance: (7%)
7%-$315-$3,780
Property management: (8%)
8%-$360-$4,320
Repairs & maintenance: (5%)
5%-$225-$2,700
Capital expenditures: (5%)
5%-$225-$2,700
HOA fees: (0%)
0%-$10-$120
Total operating expenses: (42%)
42%-$1,876-$22,508

Cash Flow


Monthly Yearly
Net operating income:
$2,354 $28,248
Mortgage payments:
-$4,349 -$52,188
Cash flow:
$1,995 $23,940