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$1,559,000

For Sale - Active
746 SW 2nd St, Boca Raton, FL 33486
4 Beds
4 Baths
2,230 Square Feet
0.24 Acres Lot
Built in 1962
For Sale - Active
Units n/a
Checked: 20 hours ago
Updated: Sep 04, 2025 at 11:38PM

Investment Summary


Monthly Cash Flow
-$5,267
Cap Rate
2.1%
Cash-on-Cash Return
-17.6%
Debt Coverage Ratio
0.34
Internal Rate of Return (5 years)
-13.0%

Property Description


0.24 Acres Lot
Built in 1962
For Sale - Active
Units n/a

Modern Elegance Meets Ideal Functionality - 4BR/4BA Pool Home in Prime Boca Raton Location. Welcome to this extensively upgraded and renovated 4-bedroom, 4-bathroom gem in the highly sought-after Royal Oak Hills neighborhood of Boca Raton, FL--just 2 miles from the beach and nestled within a vibrant community known for its mature trees and sidewalk-lined streets.Boasting 2,230 square feet under air and 3,254 total square feet on a .24-acre lot, this home offers the perfect combination of space, privacy, and thoughtful design. The split-bedroom floor plan ensures every bedroom feels like its own private retreat--ideal for multi-generational living, in-laws, or guests. One guest suite is perfectly positioned opposite the primary suite, offering maximum flexibility.

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Location


Property Details


Parking

  • Description: Garage
  • Details: Garage Door Opener
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 4
  • # of Baths (Total): 4.0

Interior Features

  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Type: Gable or Hip
  • Pool: Yes

Land Information

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

Lot Information

  • Parcel ID: 06434730100150020
  • Lot Size: 10454 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1962

Tax Information

  • Annual Tax: $8,773

Utilities

  • Water & Sewer: Public
  • Heating: Central, Electric
  • Cooling: Electric

Location

  • County: Palm Beach

Listing Details


Listed by:
David D Marquis
Realty Home Advisors Inc
(561) 929-7717

Source:
BeachesMLS
MLS#: R11103785
BeachesMLS

Investment Summary


Monthly Cash Flow
-$5,267
Cap Rate
2.1%
Cash-on-Cash Return
-17.6%
Debt Coverage Ratio
0.34
Internal Rate of Return (5 years)
-13.0%

Purchase Details

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Purchase price:
$1,559,000
Amount financed:
-$1,247,200
Down payment:
$311,800
Closing costs:
$46,770
Rehab costs:
$0
Initial cash invested:
$358,570
Square feet:
2,230
Cost per square foot:
$699
Monthly rent per square foot:
$2.24

Financing Details

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Loan amount:
$1,247,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$7,986
Property tax:
$731
Insurance:
$350
Private mortgage insurance (PMI):
$0
Monthly payment:
$9,067

Operating Income

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% Rent Monthly Yearly
Gross rent:
$5,000 $60,000
Vacancy loss: (6%)
6% -$300 -$3,600
Operating income:
$4,700 $56,400

Operating Expenses


% Rent Monthly Yearly
Property taxes: (15%)
15%-$731-$8,773
Insurance: (7%)
7%-$350-$4,200
Property management: (8%)
8%-$400-$4,800
Repairs & maintenance: (5%)
5%-$250-$3,000
Capital expenditures: (5%)
5%-$250-$3,000
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (40%)
40%-$1,981-$23,773

Cash Flow


Monthly Yearly
Net operating income:
$2,719 $32,628
Mortgage payments:
-$7,986 -$95,832
Cash flow:
-$5,267 -$63,204