555 Purdy Lane A122, Palm Springs, FL 33461 — MLS photo

Active · Condominium

$99,000

555 Purdy Lane A122, Palm Springs, FL 33461

Beds: 1
Baths: 1
Living area: 650 sq ft
$ / sq ft: $152/sq ft
Year built: 1972
Lot size: —
HOA fee: $369 Monthly
Annual tax: $1,837

About this property

INVESTMENT OPPORTUNITY - Immediate Rentals allowed- NO waiting period - Income- producing from day one Perfect for investors or buyers seeking location, Lifestyle, and strong rental potential in one of Palm Beach- fasted- growing areas. Nice apartment in 1rst floor, ceramic tile flooring, close to supermarkets, schools, shopping centers, 10 minutes to the airport, 20 minutes to the beach, public libraries close. Mayor Medical centers. Community has a pool, club house, gym, Pool table, library, storage room.

Property location

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555 Purdy Lane A122, Palm Springs, FL 33461

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Facts & features

Interior

Bedrooms: 1
Bathrooms: 1
Living area: 650 sq ft
Flooring: Ceramic Tile
Appliances: Electric Range, Electric Water Heater, Refrigerator
Cooling: Ceiling Fans, Central Air
Heating: Central
Interior features: Living Dining Room, Custom Mirrors, Walk In Closets
Furnished: Unfurnished

Exterior & Structure

Property type: Condominium
Year built: 1972
Stories: 3
Lot size: 0 sq ft
Construction: CBSConcrete Block Structure, Block
Exterior features: Balcony, Shed, Storm Security Shutters
Pool: None, Association, Community

Parking

Garage spaces: 1
Covered spaces: 1
Parking features: Assigned, Garage, One Space

HOA, Community & Financials

Association fee: $369 Monthly
Fee inclusions: Cable Tv, Insurance, Laundry, Parking, Trash
Amenities: Billiard Room, Clubhouse, Fitness Center, Laundry, Library, Pool, Shuffleboard Court, Sauna, Storage, Trash, Elevators
Security: Closed Circuit Cameras
Pets allowed: No, Yes
Annual tax: $1,837
Subdivision: VILLAGE GREEN AVON CONDO
County: Palm Beach
Days on market: 305
MLS listing ID: R11149006
Listing status: Active

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Monthly HOA ($)

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Estimated monthly cash flow

$206

Cap rate: 8.2%
Net yield: 8.2%
Cash-on-cash return: 8.9%
Gross yield: 17.5%
Mortgage payment: $469/mo
Down payment: $24,750
Loan amount: $74,250
Annual NOI: $8,109

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.