1248 MELROSE AVE S (MLS: TB8403967) For Sale

1248 MELROSE AVE S, (Pinellas), Saint Petersburg Florida 33705

Currently Rented at $2,000.00 / month

Area: 1320

Property Info

  • MLS TB8403967
  • Unit No -
  • Bedrooms 2
  • Bathrooms 1
  • Area (sqft) 1320
  • Living Area (sqft) 1020
  • Foundation Slab
  • Min Lease -

Interior Features

  • Solid Wood Cabinets
  • Stone Counters
  • Thermostat

Buy Price

$
$274,999.00

Rental Price

$
$2,000.00
  • Cap Rate
  • 7.8%
  • Gross Yield
  • 8.7%
  • Lease End Date
  • -
  • Rent Amount

  • $2,000.00

Cash Flow

Cap Rate7.8 Gross Yield8.7% Annual Rent$24,000.00 Property Taxes$2,529.76 Operating Expenses0
Year 1 Year 5 Year 10
Expected Rent $24,000.00 $2,000.00 / mo $120,000.00 $2,000.00 / mo $240,000.00 $2,000.00 / mo
Estimated Expenses $2,529.76 $12,648.80 $25,297.60
Net Cash Flow $21,470.24 $107,351.20 $214,702.40