109 SE 16TH AVE #Q101 (MLS: GC533078) For Sale

109 SE 16TH AVE #Q101, (Alachua), Gainesville Florida 32601

Currently Rented at $1,250.00 / month

Area: 874

Property Info

  • MLS GC533078
  • Unit No Q101
  • Bedrooms 2
  • Bathrooms 2
  • Area (sqft) 874
  • Living Area (sqft) 874
  • Foundation Slab
  • Min Lease Slab
  • HOA Fees $275.00

Interior Features

  • Ceiling Fans(s)
  • Dry Bar
  • Kitchen/Family Room Combo
  • Thermostat
  • Window Treatments

Buy Price

$
$122,500.00

Rental Price

$
$1,250.00
  • Cap Rate
  • 7.9%
  • Gross Yield
  • 12.2%
  • Lease End Date
  • August 31, 2026

  • Rent Amount
  • $1,250.00

Cash Flow

Cap Rate7.9 Gross Yield12.2% Annual Rent$15,000.00 Property Taxes$2,037.00 Operating Expenses0
Year 1 Year 5 Year 10
Expected Rent $15,000.00 $1,250.00 / mo $75,000.00 $1,250.00 / mo $150,000.00 $1,250.00 / mo
Estimated Expenses $2,037.00 $10,185.00 $20,370.00
Net Cash Flow $12,963.00 $64,815.00 $129,630.00
HOA Fees $3,300.00 $16,500.00 $33,000.00