1613 MICHIGAN AVE (MLS: A4702105) For Sale

1613 MICHIGAN AVE, (Manatee), Bradenton Florida 34207

Currently Rented at $1,800.00 / month

Area: 1300

Property Info

  • MLS A4702105
  • Unit No -
  • Bedrooms 2
  • Bathrooms 2
  • Area (sqft) 1300
  • Living Area (sqft) 700
  • Foundation Pillar/Post/Pier
  • Min Lease Pillar/Post/Pier

Interior Features

  • Stone Counters

Buy Price

$
$169,000.00

Rental Price

$
$1,800.00
  • Cap Rate
  • 10.8%
  • Gross Yield
  • 12.8%
  • Lease End Date
  • April 17, 2027

  • Rent Amount
  • $1,800.00

Cash Flow

Cap Rate10.8 Gross Yield12.8% Annual Rent$21,600.00 Property Taxes$3,367.00 Operating Expenses0
Year 1 Year 5 Year 10
Expected Rent $21,600.00 $1,800.00 / mo $108,000.00 $1,800.00 / mo $216,000.00 $1,800.00 / mo
Estimated Expenses $3,367.00 $16,835.00 $33,670.00
Net Cash Flow $18,233.00 $91,165.00 $182,330.00

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