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
Copied
Photo
Copied
Photo
Photo
Photo
Photo
See all photos

$489,900

For Sale - Active
7465 Rockbridge Cir, Lake Worth, FL 33467
3 Beds
2 Baths
1,786 Square Feet
0.22 Acres Lot
Built in 1993
For Sale - Active
Units n/a
Checked: 12 hours ago
Updated: Jun 04, 2025 at 11:57PM

Investment Summary


Monthly Cash Flow
-$828
Cap Rate
4.1%
Cash-on-Cash Return
-8.8%
Debt Coverage Ratio
0.67
Internal Rate of Return (5 years)
-4.5%

Property Description


0.22 Acres Lot
Built in 1993
For Sale - Active
Units n/a

Enjoy this LIKE NEW villa in the highly desired gated community of Waters Edge! Located within the Lake Charleston community where you have access to an abundance of amenities including the pool, tennis, basketball, playgrounds, trails, and so much more! This home has been updated with top quality finishes as if this was to be a forever home! Enjoy the peace of mind and move right in and enjoy the new designer inspired paint throughout, all new luxury hardwood plank floors throughout, new AC, accordion shutters, updated modern light fixtures, completely remodeled high end bathrooms, updated screened in patio with painted tropical mural and tile floor, and more! This is one that once you walk in the front door you won't want to leave. Schedule your showing today!

Build Your Team


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

Agents

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

Find an Agent

Lenders

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

Find a Lender

Property Managers

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

Find a Property Manager

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: Attached, Garage, GarageDoorOpener
  • 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

  • Roof Material: Barrel
  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • HOA Fee: $385/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Townhouse

Lot Information

  • Parcel ID: 00424510060000640
  • Lot Size: 9448 sqft

Property Information

  • Property Type: Townhouse
  • Style: Ranch
  • Year Built: 1993

Tax Information

  • Annual Tax: $4,176

Utilities

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

Location

  • County: Palm Beach

Listing Details


Listed by:
Zak Klinedinst
EXP Realty LLC
(561) 837-0032

Source:
BeachesMLS
MLS#: R11096539
BeachesMLS

Investment Summary


Monthly Cash Flow
-$828
Cap Rate
4.1%
Cash-on-Cash Return
-8.8%
Debt Coverage Ratio
0.67
Internal Rate of Return (5 years)
-4.5%

Purchase Details

Find an Agent

Purchase price:
$489,900
Amount financed:
-$391,920
Down payment:
$97,980
Closing costs:
$14,697
Rehab costs:
$0
Initial cash invested:
$112,677
Square feet:
1,786
Cost per square foot:
$274
Monthly rent per square foot:
$1.96

Financing Details

Find a Lender

Loan amount:
$391,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,510
Property tax:
$348
Insurance:
$245
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,103

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$3,500 $42,000
Vacancy loss: (6%)
6% -$210 -$2,520
Operating income:
$3,290 $39,480

Operating Expenses


% Rent Monthly Yearly
Property taxes: (10%)
10%-$348-$4,176
Insurance: (7%)
7%-$245-$2,940
Property management: (8%)
8%-$280-$3,360
Repairs & maintenance: (5%)
5%-$175-$2,100
Capital expenditures: (5%)
5%-$175-$2,100
HOA fees: (11%)
11%-$385-$4,620
Total operating expenses: (46%)
46%-$1,608-$19,296

Cash Flow


Monthly Yearly
Net operating income:
$1,682 $20,184
Mortgage payments:
-$2,510 -$30,120
Cash flow:
$828 $9,936