522 49th Street, West Palm Beach, FL 33407 — MLS photo

Active · SingleFamilyResidence

$600,000

522 49th Street, West Palm Beach, FL 33407

Beds: 2
Baths: 1
Living area: 960 sq ft
$ / sq ft: $625/sq ft
Year built: 1920
Lot size: —
HOA fee: —
Annual tax: $2,033

About this property

This property is in the opportunity zone. Call for details about a 10% return on investment. Owners financing available upon request. Opportunity Zones are an economic development tool that allows people to invest in distressed areas in the United States. Must call for an appointment ( need 24 hours notice ) Owner must have everyone register with broker. Call for a 10% return on investment details.

Property location

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522 49th Street, West Palm Beach, FL 33407

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Facts & features

Interior

Bedrooms: 2
Bathrooms: 1
Living area: 960 sq ft
Flooring: Hardwood, Wood
Appliances: None
Cooling: Ceiling Fans, Wall Window Units
Heating: None
Interior features: Bedroom On Main Level, Breakfast Area, Living Dining Room, Attic, Loft, Pantry
Furnished: Unfurnished

Exterior & Structure

Property type: SingleFamilyResidence
Year built: 1920
Stories: 2
Architectural style: Two Story
Roof: Composition, Shingle
Construction: Wood Siding
Pool: None

Parking

Covered spaces: 0
Parking features: Driveway, Two Or More Spaces

HOA, Community & Financials

Security: Smoke Detectors
Pets allowed: No
Annual tax: $2,033
Subdivision: NORTH PALM BEACH PL 1
County: Palm Beach
Days on market: 211
MLS listing ID: R11162183
Listing status: Active

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Interest rate (%)

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Monthly rent ($)

Monthly HOA ($)

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Estimated monthly cash flow

-$324

Cap rate: 5.0%
Net yield: 5.0%
Cash-on-cash return: -2.3%
Gross yield: 6.8%
Mortgage payment: $2,844/mo
Down payment: $150,000
Loan amount: $450,000
Annual NOI: $30,249

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