5550 E MICHIGAN ST #2114 (MLS: O6376306) For Sale

5550 E MICHIGAN ST #2114, (Orange), Orlando Florida 32822

Currently Rented at $1,700.00 / month

Area: 1054

Property Info

  • MLS O6376306
  • Unit No 2114
  • Bedrooms 2
  • Bathrooms 2
  • Area (sqft) 1054
  • Living Area (sqft) 1054
  • Foundation Slab
  • Min Lease Slab
  • HOA Fees $402.00

Interior Features

  • Ceiling Fans(s)
  • Other
  • Thermostat

Buy Price

$
$220,000.00

Rental Price

$
$1,700.00
  • Cap Rate
  • 5.7%
  • Gross Yield
  • 9.3%
  • Lease End Date
  • July 31, 2026

  • Rent Amount
  • $1,700.00

Cash Flow

Cap Rate5.7 Gross Yield9.3% Annual Rent$20,400.00 Property Taxes$3,091.57 Operating Expenses0
Year 1 Year 5 Year 10
Expected Rent $20,400.00 $1,700.00 / mo $102,000.00 $1,700.00 / mo $204,000.00 $1,700.00 / mo
Estimated Expenses $3,091.57 $15,457.85 $30,915.70
Net Cash Flow $17,308.43 $86,542.15 $173,084.30
HOA Fees $4,824.00 $24,120.00 $48,240.00