1320 NW 3RD AVE #242 (MLS: GC543802) For Sale

1320 NW 3RD AVE #242, (Alachua), Gainesville Florida 32603

Currently Rented at $1,900.00 / month

Area: 860

Property Info

  • MLS GC543802
  • Unit No 242
  • Bedrooms 2
  • Bathrooms 2
  • Area (sqft) 860
  • Living Area (sqft) 860
  • Foundation Slab
  • Min Lease Slab

Interior Features

  • Ceiling Fans(s)
  • Crown Molding
  • Elevator
  • High Ceilings
  • Solid Surface Counters

Buy Price

$
$379,000.00

Rental Price

$
$1,900.00
  • Cap Rate
  • 4.2%
  • Gross Yield
  • 6%
  • Lease End Date
  • May 31, 2027
  • Rent Amount

  • $1,900.00

Cash Flow

Cap Rate4.2 Gross Yield6% Annual Rent$22,800.00 Property Taxes$6,979.00 Operating Expenses0
Year 1 Year 5 Year 10
Expected Rent $22,800.00 $1,900.00 / mo $114,000.00 $1,900.00 / mo $228,000.00 $1,900.00 / mo
Estimated Expenses $6,979.00 $34,895.00 $69,790.00
Net Cash Flow $15,821.00 $79,105.00 $158,210.00

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