225 S TROPICAL TRL #312 (MLS: S5151425) For Sale

225 S TROPICAL TRL #312, (Brevard), Merritt Island Florida 32952

Currently Rented at $1,500.00 / month

Area: 1080

Property Info

  • MLS S5151425
  • Unit No 312
  • Bedrooms 2
  • Bathrooms 2
  • Area (sqft) 1080
  • Living Area (sqft) 1080
  • Foundation Slab
  • Min Lease Slab
  • HOA Fees $518.10

Interior Features

  • Other

Buy Price

$
$229,000.00

Rental Price

$
$1,500.00
  • Cap Rate
  • 4.1%
  • Gross Yield
  • 7.9%
  • Lease End Date
  • October 31, 2026

  • Rent Amount
  • $1,500.00

Cash Flow

Cap Rate4.1 Gross Yield7.9% Annual Rent$18,000.00 Property Taxes$2,317.00 Operating Expenses0
Year 1 Year 5 Year 10
Expected Rent $18,000.00 $1,500.00 / mo $90,000.00 $1,500.00 / mo $180,000.00 $1,500.00 / mo
Estimated Expenses $2,317.00 $11,585.00 $23,170.00
Net Cash Flow $15,683.00 $78,415.00 $156,830.00
HOA Fees $6,217.20 $31,086.00 $62,172.00