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$305,000

For Sale - Active
7030 Half Moon Cir Apt 418, Hypoluxo, FL 33462
2 Beds
2 Baths
1,047 Square Feet
0.00 Acres Lot
Built in 1982
For Sale - Active
Units n/a
Checked: 10 hours ago
Updated: Apr 23, 2025 at 04:57PM

Investment Summary


Monthly Cash Flow
-$1,394
Cap Rate
0.7%
Cash-on-Cash Return
-23.8%
Debt Coverage Ratio
0.11
Internal Rate of Return (5 years)
-19.0%

Property Description


0.00 Acres Lot
Built in 1982
For Sale - Active
Units n/a

Beautiful condo facing the intracoastal offering a great 4th floor view and a generous size balcony. Two bedroom two bath with full size washer and dryer. White kitchen cabinets and SS appliances. One covered parking spot super convenient in Florida. Small storage just outside your condo for your bicycle. Gorgeous amenities with two pool, jacuzzi, BBQ, small private beach, clubhouse, sauna, tennis courts, bocce. tenant occupied until Jan 2026. Gated community.

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Location


Property Details


Parking

  • Description: AttachedCarport, OneSpace
  • Details: Attached Carport
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

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

Interior Features

  • # of Stories: 5

HOA

  • Has HOA: Yes
  • HOA Fee: $1,132/monthly

Land Information

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

Lot Information

  • Parcel ID: 26434503320024180
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 1982

Tax Information

  • Annual Tax: $4,268

Utilities

  • Heating: Other
  • Cooling: Central Air

Location

  • County: Palm Beach

Listing Details


Listed by:
Tina Saragaglia
United Realty Group, Inc
(561) 305-4365

Source:
BeachesMLS
MLS#: F10488490
BeachesMLS

Investment Summary


Monthly Cash Flow
-$1,394
Cap Rate
0.7%
Cash-on-Cash Return
-23.8%
Debt Coverage Ratio
0.11
Internal Rate of Return (5 years)
-19.0%

Purchase Details

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Purchase price:
$305,000
Amount financed:
-$244,000
Down payment:
$61,000
Closing costs:
$9,150
Rehab costs:
$0
Initial cash invested:
$70,150
Square feet:
1,047
Cost per square foot:
$291
Monthly rent per square foot:
$2.29

Financing Details

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Loan amount:
$244,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,562
Property tax:
$356
Insurance:
$168
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,086

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,400 $28,800
Vacancy loss: (6%)
6% -$144 -$1,728
Operating income:
$2,256 $27,072

Operating Expenses


% Rent Monthly Yearly
Property taxes: (15%)
15%-$356-$4,268
Insurance: (7%)
7%-$168-$2,016
Property management: (8%)
8%-$192-$2,304
Repairs & maintenance: (5%)
5%-$120-$1,440
Capital expenditures: (5%)
5%-$120-$1,440
HOA fees: (47%)
47%-$1,132-$13,584
Total operating expenses: (87%)
87%-$2,088-$25,052

Cash Flow


Monthly Yearly
Net operating income:
$168 $2,016
Mortgage payments:
-$1,562 -$18,744
Cash flow:
$1,394 $16,728