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

Property Info

  • 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

Interior Features

  • Ceiling Fans(s)
  • Crown Molding
  • Eat-in Kitchen
  • Open Floorplan
  • Primary Bedroom Main Floor
  • Solid Surface Counters
  • Thermostat
  • Walk-In Closet(s)
  • Window Treatments

Buy Price

$
$1,185,000.00

Rental Price

$
$6,000.00
  • Cap Rate
  • -4.5%
  • Gross Yield
  • 6.1%
  • Lease End Date
  • January 31, 2026

  • Rent Amount
  • $6,000.00

Cash Flow

Cap Rate-4.5 Gross Yield6.1% 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