1115 GULF OF MEXICO DR #304 (MLS: A4654213) For Sale

1115 GULF OF MEXICO DR #304, (Manatee), Longboat Key Florida 34228

Currently Rented at $12,600.00 / month

Area: -

Property Info

  • MLS A4654213
  • Unit No 304
  • Bedrooms 2
  • Bathrooms 2
  • Area (sqft) -
  • Living Area (sqft) 1503
  • Foundation Pillar/Post/Pier
  • Min Lease Pillar/Post/Pier
  • HOA Fees $4,901.00

Interior Features

  • Solid Wood Cabinets
  • Stone Counters
  • Walk-In Closet(s)
  • Window Treatments

Buy Price

$
$995,000.00

Rental Price

$
$12,600.00
  • Cap Rate
  • 8.3%
  • Gross Yield
  • 15.2%
  • Lease End Date
  • April 30, 2026

  • Rent Amount
  • $12,600.00

Cash Flow

Cap Rate8.3 Gross Yield15.2% Annual Rent$151,200.00 Property Taxes$9,423.00 Operating Expenses0
Year 1 Year 5 Year 10
Expected Rent $151,200.00 $12,600.00 / mo $756,000.00 $12,600.00 / mo $1,512,000.00 $12,600.00 / mo
Estimated Expenses $9,423.00 $47,115.00 $94,230.00
Net Cash Flow $141,777.00 $708,885.00 $1,417,770.00
HOA Fees $58,812.00 $294,060.00 $588,120.00