1418 NW 3RD AVE #303 (MLS: GC534924) For Sale

1418 NW 3RD AVE #303, (Alachua), Gainesville Florida 32603

Currently Rented at $2,450.00 / month

Area: 1248

Property Info

  • MLS GC534924
  • Unit No 303
  • Bedrooms 2
  • Bathrooms 3
  • Area (sqft) 1248
  • Living Area (sqft) 1248
  • Foundation Slab
  • Min Lease Slab
  • HOA Fees $544.00

Interior Features

  • Ceiling Fans(s)
  • Elevator
  • Vaulted Ceiling(s)

Buy Price

$
$385,000.00

Rental Price

$
$2,450.00
  • Cap Rate
  • 4.3%
  • Gross Yield
  • 7.6%
  • Lease End Date
  • July 31, 2026

  • Rent Amount
  • $2,450.00

Cash Flow

Cap Rate4.3 Gross Yield7.6% Annual Rent$29,400.00 Property Taxes$6,189.00 Operating Expenses0
Year 1 Year 5 Year 10
Expected Rent $29,400.00 $2,450.00 / mo $147,000.00 $2,450.00 / mo $294,000.00 $2,450.00 / mo
Estimated Expenses $6,189.00 $30,945.00 $61,890.00
Net Cash Flow $23,211.00 $116,055.00 $232,110.00
HOA Fees $6,528.00 $32,640.00 $65,280.00