6701 GULF OF MEXICO DR #311 (MLS: A4640305) For Sale

6701 GULF OF MEXICO DR #311, (Manatee), Longboat Key Florida 34228

Currently Rented at $12,000.00 / month

Area: 1008

Property Info

  • MLS A4640305
  • Unit No 311
  • Bedrooms 1
  • Bathrooms 1
  • Area (sqft) 1008
  • Living Area (sqft) 936
  • Foundation Slab
  • Min Lease Slab
  • HOA Fees $1,718.83

Interior Features

  • Ceiling Fans(s)
  • Living Room/Dining Room Combo
  • Open Floorplan
  • Primary Bedroom Main Floor
  • Solid Surface Counters
  • Thermostat
  • Window Treatments

Buy Price

$
$849,900.00

Rental Price

$
$12,000.00
  • Cap Rate
  • 13.3%
  • Gross Yield
  • 16.9%
  • Lease End Date
  • March 15, 2025

  • Rent Amount
  • $12,000.00

Cash Flow

Cap Rate13.3 Gross Yield16.9% Annual Rent$144,000.00 Property Taxes$10,441.40 Operating Expenses0
Year 1 Year 5 Year 10
Expected Rent $144,000.00 $12,000.00 / mo $720,000.00 $12,000.00 / mo $1,440,000.00 $12,000.00 / mo
Estimated Expenses $10,441.40 $52,207.00 $104,414.00
Net Cash Flow $133,558.60 $667,793.00 $1,335,586.00
HOA Fees $20,625.96 $103,129.80 $206,259.60