Active · Residential
$199,900
5775 Fernley Drive 88, West Palm Beach, FL 33415
- Beds
- 2
- Baths
- 2
- Living area
- 1,072 sq ft
- $ / sq ft
- $186/sq ft
- Year built
- 1979
- Lot size
- —
- HOA fee
- $543 Monthly
- Annual tax
- $3,477
About this property
Welcome to this spacious 2-bedroom, 2-bath corner condo located in a desirable 55+ community, offering comfort, convenience, and plenty of natural light. The large open living room features expansive windows that fill the space with sunshine, creating a bright and inviting atmosphere. As a corner unit, the home enjoys additional privacy and airflow. Step outside to a large covered back patio, perfect for relaxing or entertaining, along with a generous laundry/utility closet that provides valuable extra storage space. Residents enjoy a variety of community amenities, including a sparkling pool, clubhouse, tennis courts, and shuffleboard, creating an active and social lifestyle. The monthly association dues include water, roof maintenance, and building insurance, offering added peace of mind and value. While the unit could benefit from updating, it presents a fantastic opportunity to customize and add your personal touch, making it ideal for buyers looking to create their perfect home in a welcoming 55+ community.
Interior & exterior features
Appliances
- Refrigerator
- Washer
Cooling
- Central Air
Heating
- Central
Interior features
- Split Bedrooms
- Tub Shower
- Walk In Closets
Pool
- None
- Association
- Community
Flooring
- Carpet
- Vinyl
construction
- Block
association_amenities
- Clubhouse
- Pool
- Shuffleboard Court
- Tennis Courts
association_fee_includes
- Common Area Maintenance
- Cable Tv
- Insurance
- Sewer
- Water
Investment intelligence
Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
$334
- Cap rate
- 7.7%
- Net yield
- 7.7%
- Cash-on-cash return
- 7.2%
- Gross yield
- 14.9%
- Mortgage payment
- $948/mo
- Down payment
- $49,975
- Loan amount
- $149,925
- Annual NOI
- $15,381
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.