1601 CENTRAL AVE #704 (MLS: FC320208) For Sale

1601 CENTRAL AVE #704, (Flagler), Flagler Beach Florida 32136

Currently Rented at $3,000.00 / month

Area: 1769

Property Info

  • MLS FC320208
  • Unit No 704
  • Bedrooms 2
  • Bathrooms 2
  • Area (sqft) 1769
  • Living Area (sqft) 1215
  • Foundation Block, Concrete Perimeter, Slab
  • Min Lease Block, Concrete Perimeter, Slab
  • HOA Fees $1,550.00

Interior Features

  • Ceiling Fans(s)
  • Elevator
  • Walk-In Closet(s)
  • Window Treatments

Buy Price

$
$499,000.00

Rental Price

$
$3,000.00
  • Cap Rate
  • 1.9%
  • Gross Yield
  • 7.2%
  • Lease End Date
  • November 01, 2027
  • Rent Amount

  • $3,000.00

Cash Flow

Cap Rate1.9 Gross Yield7.2% Annual Rent$36,000.00 Property Taxes$7,733.32 Operating Expenses0
Year 1 Year 5 Year 10
Expected Rent $36,000.00 $3,000.00 / mo $180,000.00 $3,000.00 / mo $360,000.00 $3,000.00 / mo
Estimated Expenses $7,733.32 $38,666.60 $77,333.20
Net Cash Flow $28,266.68 $141,333.40 $282,666.80
HOA Fees $18,600.00 $93,000.00 $186,000.00

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