216 OCEAN DR (MLS: NS1083371) For Sale

216 OCEAN DR, (Volusia), New Smyrna Beach Florida 32169

Currently Rented at $3,300.00 / month

Area: -

Property Info

  • MLS NS1083371
  • Unit No -
  • Bedrooms 3
  • Bathrooms 3
  • Area (sqft) -
  • Living Area (sqft) 2402
  • Foundation Slab
  • Min Lease Slab
  • HOA Fees $180.00

Interior Features

  • Built-in Features
  • Cathedral Ceiling(s)
  • Ceiling Fans(s)
  • Eat-in Kitchen
  • High Ceilings
  • Open Floorplan
  • Primary Bedroom Main Floor
  • Solid Wood Cabinets
  • Stone Counters
  • Vaulted Ceiling(s)
  • Walk-In Closet(s)

Buy Price

$
$1,050,000.00

Rental Price

$
$3,300.00
  • Cap Rate
  • 2%
  • Gross Yield
  • 3.8%
  • Lease End Date
  • December 30, 2025

  • Rent Amount
  • $3,300.00

Cash Flow

Cap Rate2.0 Gross Yield3.8% Annual Rent$39,600.00 Property Taxes$16,041.00 Operating Expenses0
Year 1 Year 5 Year 10
Expected Rent $39,600.00 $3,300.00 / mo $198,000.00 $3,300.00 / mo $396,000.00 $3,300.00 / mo
Estimated Expenses $16,041.00 $80,205.00 $160,410.00
Net Cash Flow $23,559.00 $117,795.00 $235,590.00
HOA Fees $2,160.00 $10,800.00 $21,600.00