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$369,900

For Sale - Active
7106 Hawks Nest Ter, Riviera Beach, FL 33407
3 Beds
3 Baths
1,571 Square Feet
0.05 Acres Lot
Built in 2003
For Sale - Active
Units n/a
Checked: 24 hours ago
Updated: May 30, 2025 at 03:25AM

Investment Summary


Monthly Cash Flow
-$552
Cap Rate
4.5%
Cash-on-Cash Return
-7.8%
Debt Coverage Ratio
0.72
Internal Rate of Return (5 years)
-3.5%

Property Description


0.05 Acres Lot
Built in 2003
For Sale - Active
Units n/a

Beautifully maintained by its original owner, this spacious 3BR/2.5BA townhome with a 1-car garage is tucked within the gated community of Turtle Cay. Features include tile and luxury vinyl flooring, a versatile loft, and updated bathrooms. The light-filled great room flows into a kitchen with new stainless-steel appliances and a pass-through bar, perfect for entertaining. The screened patio offers peaceful, tree-lined views. Accordion shutters throughout. Enjoy resort-style amenities including a pool, tennis, volleyball, gym, clubhouse, and playground; all near top shopping and dining.

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Location


Property Details


Parking

  • Description: Garage
  • Details: Attached, Driveway, Garage, Garage Door Opener
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 3.0

Interior Features

  • # of Stories: 2

Exterior Features

  • Roof Material: Spanish Tile, Tile

HOA

  • Has HOA: Yes
  • HOA Fee: $305/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Townhouse

Lot Information

  • Parcel ID: 56424236360200920
  • Lot Size: 2269 sqft

Property Information

  • Property Type: Townhouse
  • Year Built: 2003

Tax Information

  • Annual Tax: $1,130

Utilities

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

Location

  • County: Palm Beach

Listing Details


Listed by:
Sean Underwood
Jupiter By the Sea Realty Inc
(561) 312-7790

Source:
BeachesMLS
MLS#: R11079484
BeachesMLS

Investment Summary


Monthly Cash Flow
-$552
Cap Rate
4.5%
Cash-on-Cash Return
-7.8%
Debt Coverage Ratio
0.72
Internal Rate of Return (5 years)
-3.5%

Purchase Details

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Purchase price:
$369,900
Amount financed:
-$295,920
Down payment:
$73,980
Closing costs:
$11,097
Rehab costs:
$0
Initial cash invested:
$85,077
Square feet:
1,571
Cost per square foot:
$235
Monthly rent per square foot:
$1.65

Financing Details

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Loan amount:
$295,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.890%
Principal & interest:
$1,947
Property tax:
$94
Insurance:
$182
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,223

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,600 $31,200
Vacancy loss: (6%)
6% -$156 -$1,872
Operating income:
$2,444 $29,328

Operating Expenses


% Rent Monthly Yearly
Property taxes: (4%)
4%-$94-$1,130
Insurance: (7%)
7%-$182-$2,184
Property management: (8%)
8%-$208-$2,496
Repairs & maintenance: (5%)
5%-$130-$1,560
Capital expenditures: (5%)
5%-$130-$1,560
HOA fees: (12%)
12%-$305-$3,660
Total operating expenses: (40%)
40%-$1,049-$12,590

Cash Flow


Monthly Yearly
Net operating income:
$1,395 $16,740
Mortgage payments:
-$1,947 -$23,364
Cash flow:
$552 $6,624