Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Copied
Photo
Copied
Photo
Photo
Photo
Photo
See all photos

$585,000

For Sale - Active
7420 S Ocean Dr Apt 216, Jensen Beach, FL 34957
2 Beds
2 Baths
1,113 Square Feet
0.00 Acres Lot
Built in 1980
For Sale - Active
1 Units
Checked: 10 hours ago
Updated: Jul 09, 2025 at 03:06AM

Investment Summary


Monthly Cash Flow
-$1,333
Cap Rate
3.4%
Cash-on-Cash Return
-11.9%
Debt Coverage Ratio
0.56
Internal Rate of Return (5 years)
-7.5%

Property Description


0.00 Acres Lot
Built in 1980
For Sale - Active
1 Units

SOUTH EAST CORNER , TOTALLY REMODELED , A RARE FIND , MILESTONE REPORT DONE, ASSESSMENTS PAID UP TO DATE , ENJOY COFFEE ON THE PRIVATE WRAP O ROUND BALCONY WATCHING THE SUNRISE , A GATED COMMUNITY, WHICH ALLOWS ONE FULL SIZE DOG, 30 DAY MINIMUM RENTALS.AMENITIES INCLUDE 2 POOLS,SAUNA, TENNIS, PICKET BALL, BOCCE BALL, FITNESS CENTER, BBQ AREA, SOCIAL ROOM, ONSITE MANAGEMENT, PRIVATE OUTDOOR LOCKER, AND STORAGE ROOM.TWO TIKI HUTS, FISH CLEANING STATION AND WATER HOSE.AUTOMATIC CAR WASH.THIS UNIT HAS ALL THE UPDATES YOU CAN IMAGINE, HURRY WONT LAST SOUTHEAST CORNER............

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Avatar
Avatar
Avatar

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent
Avatar
Avatar
Avatar

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender
Avatar
Avatar
Avatar

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager
Avatar
Avatar
Avatar

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

Location


Property Details


Parking

  • Description: Open, TwoOrMoreSpaces
  • Details: Open
  • 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 Rooms: 5
  • # of Stories: 8

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Material: Other
  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • HOA Fee: $739/monthly

Land Information

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

Lot Information

  • Parcel ID: 352260400110006
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Style: HighRise
  • Year Built: 1980

Tax Information

  • Annual Tax: $7,591

Utilities

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

Location

  • County: St. Lucie

Listing Details


Listed by:
Gabriel Isasi
Southdale Properties Inc.
(561) 714-3235

Source:
BeachesMLS
MLS#: R11100566
BeachesMLS

Investment Summary


Monthly Cash Flow
-$1,333
Cap Rate
3.4%
Cash-on-Cash Return
-11.9%
Debt Coverage Ratio
0.56
Internal Rate of Return (5 years)
-7.5%

Purchase Details

Find an Agent

Purchase price:
$585,000
Amount financed:
-$468,000
Down payment:
$117,000
Closing costs:
$17,550
Rehab costs:
$0
Initial cash invested:
$134,550
Square feet:
1,113
Cost per square foot:
$526
Monthly rent per square foot:
$3.95

Financing Details

Find a Lender

Loan amount:
$468,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,997
Property tax:
$633
Insurance:
$308
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,938

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$4,400 $52,800
Vacancy loss: (6%)
6% -$264 -$3,168
Operating income:
$4,136 $49,632

Operating Expenses


% Rent Monthly Yearly
Property taxes: (14%)
14%-$633-$7,591
Insurance: (7%)
7%-$308-$3,696
Property management: (8%)
8%-$352-$4,224
Repairs & maintenance: (5%)
5%-$220-$2,640
Capital expenditures: (5%)
5%-$220-$2,640
HOA fees: (17%)
17%-$739-$8,868
Total operating expenses: (56%)
56%-$2,472-$29,659

Cash Flow


Monthly Yearly
Net operating income:
$1,664 $19,968
Mortgage payments:
-$2,997 -$35,964
Cash flow:
-$1,333 -$15,996