16385 BISCAYNE BLVD #2806 (MLS: O6322567) For Sale

16385 BISCAYNE BLVD #2806, (Miami-dade), North Miami Beach Florida 33160

Currently Rented at $4,000.00 / month

Area: -

Property Info

  • MLS O6322567
  • Unit No 2806
  • Bedrooms 2
  • Bathrooms 2
  • Area (sqft) -
  • Living Area (sqft) 1196
  • Foundation Block, Other, Pillar/Post/Pier,
  • Min Lease Block, Other, Pillar/Post/Pier,
  • HOA Fees $860.70

Interior Features

  • Open Floorplan
  • Solid Surface Counters
  • Solid Wood Cabinets
  • Walk-In Closet(s)

Buy Price

$
$650,000.00

Rental Price

$
$4,000.00
  • Cap Rate
  • 4%
  • Gross Yield
  • 7.4%
  • Lease End Date
  • July 25, 2026

  • Rent Amount
  • $4,000.00

Cash Flow

Cap Rate4.0 Gross Yield7.4% Annual Rent$48,000.00 Property Taxes$11,385.70 Operating Expenses0
Year 1 Year 5 Year 10
Expected Rent $48,000.00 $4,000.00 / mo $240,000.00 $4,000.00 / mo $480,000.00 $4,000.00 / mo
Estimated Expenses $11,385.70 $56,928.50 $113,857.00
Net Cash Flow $36,614.30 $183,071.50 $366,143.00
HOA Fees $10,328.40 $51,642.00 $103,284.00