5550 E MICHIGAN ST #2208 (MLS: O6417902) For Sale

5550 E MICHIGAN ST #2208, (Orange), Orlando Florida 32822

Currently Rented at $1,375.00 / month

Area: 772

Property Info

  • MLS O6417902
  • Unit No 2208
  • Bedrooms 1
  • Bathrooms 1
  • Area (sqft) 772
  • Living Area (sqft) 772
  • Foundation Slab
  • Min Lease Slab
  • HOA Fees $294.61

Interior Features

  • Ceiling Fans(s)

Buy Price

$
$165,000.00

Rental Price

$
$1,375.00
  • Cap Rate
  • 6.3%
  • Gross Yield
  • 10%
  • Lease End Date
  • May 31, 2027

  • Rent Amount
  • $1,375.00

Cash Flow

Cap Rate6.3 Gross Yield10% Annual Rent$16,500.00 Property Taxes$2,534.68 Operating Expenses0
Year 1 Year 5 Year 10
Expected Rent $16,500.00 $1,375.00 / mo $82,500.00 $1,375.00 / mo $165,000.00 $1,375.00 / mo
Estimated Expenses $2,534.68 $12,673.40 $25,346.80
Net Cash Flow $13,965.32 $69,826.60 $139,653.20
HOA Fees $3,535.32 $17,676.60 $35,353.20