16244 E Downers Drive, Loxahatchee, FL 33470 — MLS photo

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16244 E Downers Drive, Loxahatchee, FL 33470

Active · SingleFamilyResidence

$749,900

16244 E Downers Drive, Loxahatchee, FL 33470

Beds
4
Baths
3
Living area
3,026 sq ft
$ / sq ft
$248/sq ft
Year built
1992
Lot size
—
HOA fee
—
Annual tax
—

About this property

$12,000 credit to Buyer. Current roof is in excellent condition but is 22 y/o on this beautiful custom built home within The Acreage on a paved road and no HOA. 4 bedrooms, large office which could be a 5th bedroom, plus a large pantry/storage & 1000 sf detached garage. Perfect home for entertaining with a large pavered courtyard that has outdoor lighting, outdoor kitchen, & large screened in patio. Updated kitchen with quartz countertops, stainless steel appliances, gas oven, gas range, & solid wood cabinets. Too many updates to list including energy efficient R30 radiant barrier wall siding & roof barrier, gas dryer, gas water heater, sprinkler system, water filtration system. Fully fenced yard with plenty of room for a pool. Backyard boasts countless fruit trees including 3 types of mangos (Creamsicle, Rossi Gold & Keitt), Bacon Avocados, Jackfruit, Sapodilla, Bananas, Lychee and more.

Property location

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16244 E Downers Drive, Loxahatchee, FL 33470

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Facts & features

Interior

Bedrooms
4
Bathrooms
3
Living area
3,026 sq ft

Exterior & Structure

Property type
SingleFamilyResidence
Year built
1992

Parking

Not provided in the MLS listing.

HOA, Community & Financials

County
Palm Beach
MLS listing ID
B26003968
Listing status
Active

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

$1,578

Cap rate
8.2%
Net yield
8.2%
Cash-on-cash return
9.0%
Gross yield
12.0%
Mortgage payment
$3,555/mo
Down payment
$187,475
Loan amount
$562,425
Annual NOI
$61,600

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