2548 GRASSY POINT DR #202 (MLS: O6353267) For Sale

2548 GRASSY POINT DR #202, (Seminole), Lake Mary Florida 32746

Currently Rented at $1,960.50 / month

Area: 1246

Property Info

  • MLS O6353267
  • Unit No 202
  • Bedrooms 3
  • Bathrooms 2
  • Area (sqft) 1246
  • Living Area (sqft) 1100
  • Foundation Slab
  • Min Lease Slab
  • HOA Fees $629.41

Interior Features

  • Ceiling Fans(s)
  • Kitchen/Family Room Combo
  • Living Room/Dining Room Combo
  • Solid Surface Counters
  • Thermostat
  • Walk-In Closet(s)

Buy Price

$
$199,000.00

Rental Price

$
$1,960.50
  • Cap Rate
  • 6.7%
  • Gross Yield
  • 11.8%
  • Lease End Date
  • March 31, 2026

  • Rent Amount
  • $1,960.50

Cash Flow

Cap Rate6.7 Gross Yield11.8% Annual Rent$23,526.00 Property Taxes$2,655.25 Operating Expenses0
Year 1 Year 5 Year 10
Expected Rent $23,526.00 $1,960.50 / mo $117,630.00 $1,960.50 / mo $235,260.00 $1,960.50 / mo
Estimated Expenses $2,655.25 $13,276.25 $26,552.50
Net Cash Flow $20,870.75 $104,353.75 $208,707.50
HOA Fees $7,552.92 $37,764.60 $75,529.20