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$573,990

For Sale - Active
6856 Blue Bay Cir, Lake Worth, FL 33467
3 Beds
2 Baths
2,012 Square Feet
0.24 Acres Lot
Built in 1998
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: Jul 17, 2025 at 04:00AM

Investment Summary


Monthly Cash Flow
-$1,003
Cap Rate
4.0%
Cash-on-Cash Return
-9.1%
Debt Coverage Ratio
0.66
Internal Rate of Return (5 years)
-4.8%

Property Description


0.24 Acres Lot
Built in 1998
For Sale - Active
Units n/a

Welcome home! This spacious and open floor plan 3 bedroom 2 bath home is priced to SELL SELL SELL! Gorgeous porcelain tile throughout the living area! Gorgeous kitchen with stainless appliances! Enjoy the large 16 x 36 screened in patio. Plenty of room for a pool here on this large lot! There are NO ZERO LOTS in Lakeview Estates! This home also boasts an over-sized 2 car garage! Lakeview Estates is an All Age community, with low HOA Fees! Close to everything and A Rated schools! Come make this home yours today!

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Location


Property Details


Parking

  • Description: Garage
  • Details: Attached, Driveway, Garage, Garage Door Opener
  • Garage Spaces: 2
  • 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: Spanish Tile, Tile

HOA

  • Has HOA: Yes
  • HOA Fee: $129/monthly

Land Information

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

Lot Information

  • Parcel ID: 00424504060000020
  • Lot Size: 10242 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1998

Tax Information

  • Annual Tax: $3,360

Utilities

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

Location

  • County: Palm Beach

Listing Details


Listed by:
Mark Noviello
The Keyes Company
(561) 523-4931

Source:
BeachesMLS
MLS#: R11099373
BeachesMLS

Investment Summary


Monthly Cash Flow
-$1,003
Cap Rate
4.0%
Cash-on-Cash Return
-9.1%
Debt Coverage Ratio
0.66
Internal Rate of Return (5 years)
-4.8%

Purchase Details

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Purchase price:
$573,990
Amount financed:
-$459,192
Down payment:
$114,798
Closing costs:
$17,220
Rehab costs:
$0
Initial cash invested:
$132,018
Square feet:
2,012
Cost per square foot:
$285
Monthly rent per square foot:
$1.69

Financing Details

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Loan amount:
$459,192
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,940
Property tax:
$280
Insurance:
$238
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,458

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,400 $40,800
Vacancy loss: (6%)
6% -$204 -$2,448
Operating income:
$3,196 $38,352

Operating Expenses


% Rent Monthly Yearly
Property taxes: (8%)
8%-$280-$3,360
Insurance: (7%)
7%-$238-$2,856
Property management: (8%)
8%-$272-$3,264
Repairs & maintenance: (5%)
5%-$170-$2,040
Capital expenditures: (5%)
5%-$170-$2,040
HOA fees: (4%)
4%-$129-$1,548
Total operating expenses: (37%)
37%-$1,259-$15,108

Cash Flow


Monthly Yearly
Net operating income:
$1,937 $23,244
Mortgage payments:
-$2,940 -$35,280
Cash flow:
$1,003 $12,036