631 PALMETTO DR NE (MLS: A4712128) For Sale

631 PALMETTO DR NE, (Charlotte), Port Charlotte Florida 33952

Currently Rented at $2,200.00 / month

Area: 1736

Property Info

  • MLS A4712128
  • Unit No -
  • Bedrooms 3
  • Bathrooms 2
  • Area (sqft) 1736
  • Living Area (sqft) 1116
  • Foundation Slab
  • Min Lease Slab

Interior Features

  • Cathedral Ceiling(s)
  • Ceiling Fans(s)
  • Eat-in Kitchen
  • Open Floorplan
  • Primary Bedroom Main Floor
  • Solid Surface Counters
  • Solid Wood Cabinets
  • Split Bedroom
  • Vaulted Ceiling(s)
  • Window Treatments

Buy Price

$
$350,000.00

Rental Price

$
$2,200.00
  • Cap Rate
  • 6%
  • Gross Yield
  • 7.5%
  • Lease End Date
  • October 31, 2027
  • Rent Amount

  • $2,200.00

Cash Flow

Cap Rate6.0 Gross Yield7.5% Annual Rent$26,400.00 Property Taxes$5,253.00 Operating Expenses0
Year 1 Year 5 Year 10
Expected Rent $26,400.00 $2,200.00 / mo $132,000.00 $2,200.00 / mo $264,000.00 $2,200.00 / mo
Estimated Expenses $5,253.00 $26,265.00 $52,530.00
Net Cash Flow $21,147.00 $105,735.00 $211,470.00

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