7116 56TH TER E (MLS: A4657405) For Sale

7116 56TH TER E, (Manatee), Palmetto Florida 34221

Currently Rented at $3,600.00 / month

Area: -

Property Info

  • MLS A4657405
  • Unit No -
  • Bedrooms 5
  • Bathrooms 4
  • Area (sqft) -
  • Living Area (sqft) 3174
  • Foundation Slab
  • Min Lease Slab
  • HOA Fees $50.00

Interior Features

  • Cathedral Ceiling(s)
  • Ceiling Fans(s)
  • High Ceilings
  • Kitchen/Family Room Combo
  • Living Room/Dining Room Combo
  • Open Floorplan
  • Primary Bedroom Main Floor
  • Solid Wood Cabinets
  • Split Bedroom
  • Tray Ceiling(s)
  • Vaulted Ceiling(s)
  • Walk-In Closet(s)

Buy Price

$
$599,000.00

Rental Price

$
$3,600.00
  • Cap Rate
  • 5.9%
  • Gross Yield
  • 7.2%
  • Lease End Date
  • -

  • Rent Amount
  • $3,600.00

Cash Flow

Cap Rate5.9 Gross Yield7.2% Annual Rent$43,200.00 Property Taxes$7,502.00 Operating Expenses0
Year 1 Year 5 Year 10
Expected Rent $43,200.00 $3,600.00 / mo $216,000.00 $3,600.00 / mo $432,000.00 $3,600.00 / mo
Estimated Expenses $7,502.00 $37,510.00 $75,020.00
Net Cash Flow $35,698.00 $178,490.00 $356,980.00
HOA Fees $600.00 $3,000.00 $6,000.00