360 GULF OF MEXICO DR #312 (MLS: A4676411) For Sale
360 GULF OF MEXICO DR #312,
(Manatee),
Longboat Key Florida 34228
Currently Rented at $6,000.00 / month
Area: 2694
- MLS A4676411
- Unit No 312
- Bedrooms 3
- Bathrooms 3
- Area (sqft) 2694
- Living Area (sqft) 2298
- Foundation Stem Wall
- Min Lease Stem Wall
- HOA Fees $9,300.00
- Ceiling Fans(s)
- Crown Molding
- Eat-in Kitchen
- Open Floorplan
- Primary Bedroom Main Floor
- Solid Surface Counters
- Thermostat
- Walk-In Closet(s)
- Window Treatments
Cash Flow
|
Cap Rate-4.9
|
Gross Yield6.7%
|
Annual Rent$72,000.00
|
Property Taxes$13,341.00
|
Operating Expenses0
|
|
|
|
|
Year 1 |
Year 5 |
Year 10 |
| Expected Rent |
|
|
|
$72,000.00 $6,000.00 / mo
|
$360,000.00 $6,000.00 / mo
|
$720,000.00 $6,000.00 / mo
|
| Estimated Expenses |
|
|
|
$13,341.00 |
$66,705.00 |
$133,410.00 |
| Net Cash Flow |
|
|
|
$58,659.00 |
$293,295.00 |
$586,590.00 |
| HOA Fees |
|
|
|
$111,600.00 |
$558,000.00 |
$1,116,000.00 |
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