5480 N Ocean Drive A5b, Singer Island, FL 33404 — MLS photo

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5480 N Ocean Drive A5b, Singer Island, FL 33404

Active · Condominium

$575,000

5480 N Ocean Drive A5b, Singer Island, FL 33404

Beds
2
Baths
2
Living area
1,330 sq ft
$ / sq ft
$432/sq ft
Year built
1977
Lot size
—
HOA fee
$5,841
Annual tax
—

About this property

STUNNING! DIRECTLY ON THE OCEAN! Newly upgraded condo on Singer Island. This beautiful 2 BR / 2 BA unit has a breathtaking direct view of the ocean. The upgrades include fresh paint, new flooring in bedrooms, new ceiling fans, new bathroom vanities and new mirrors and lights in primary bathroom. It has one covered carport parking spot and shared free laundry room conveniently located on every floor right outside the unit. Dunes Towers is on the pristine north end of Singer Island. Come and enjoy the outstanding blue waters of The Atlantic Ocean and The Intracoastal Waterway views from the wrap around balconies. Lovely amenities include heated pool with ocean access, resident's clubhouse, fitness room and BBQ picnic area.

Property location

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5480 N Ocean Drive A5b, Singer Island, FL 33404

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,330 sq ft

Exterior & Structure

Property type
Condominium
Year built
1977
Lot size
0 sq ft

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$5,841
County
Palm Beach
MLS listing ID
B26025317
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

-$6,235

Cap rate
-7.3%
Net yield
-7.3%
Cash-on-cash return
-46.5%
Gross yield
8.3%
Mortgage payment
$2,726/mo
Down payment
$143,750
Loan amount
$431,250
Annual NOI
-$42,112

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