2516 GRASSY POINT DR #210 (MLS: O6304088) For Sale

2516 GRASSY POINT DR #210, (Seminole), Lake Mary Florida 32746

Currently Rented at $1,650.00 / month

Area: 1027

Property Info

  • MLS O6304088
  • Unit No 210
  • Bedrooms 2
  • Bathrooms 2
  • Area (sqft) 1027
  • Living Area (sqft) 899
  • Foundation Slab
  • Min Lease Slab
  • HOA Fees $541.00

Interior Features

  • Cathedral Ceiling(s)
  • Open Floorplan
  • Solid Wood Cabinets
  • Split Bedroom
  • Thermostat
  • Vaulted Ceiling(s)
  • Walk-In Closet(s)

Buy Price

$
$165,000.00

Rental Price

$
$1,650.00
  • Cap Rate
  • 6.9%
  • Gross Yield
  • 12%
  • Lease End Date
  • April 30, 2026

  • Rent Amount
  • $1,650.00

Cash Flow

Cap Rate6.9 Gross Yield12% Annual Rent$19,800.00 Property Taxes$1,865.45 Operating Expenses0
Year 1 Year 5 Year 10
Expected Rent $19,800.00 $1,650.00 / mo $99,000.00 $1,650.00 / mo $198,000.00 $1,650.00 / mo
Estimated Expenses $1,865.45 $9,327.25 $18,654.50
Net Cash Flow $17,934.55 $89,672.75 $179,345.50
HOA Fees $6,492.00 $32,460.00 $64,920.00