400 ISLAND WAY #503 (MLS: TB8405958) For Sale

400 ISLAND WAY #503, (Pinellas), Clearwater Beach Florida 33767

Currently Rented at $2,800.00 / month

Area: 1300

Property Info

  • MLS TB8405958
  • Unit No 503
  • Bedrooms 2
  • Bathrooms 2
  • Area (sqft) 1300
  • Living Area (sqft) 1300
  • Foundation Pillar/Post/Pier
  • Min Lease Pillar/Post/Pier
  • HOA Fees $1,118.00

Interior Features

  • Eat-in Kitchen
  • Living Room/Dining Room Combo
  • Open Floorplan
  • Solid Wood Cabinets
  • Stone Counters
  • Thermostat
  • Walk-In Closet(s)
  • Window Treatments

Buy Price

$
$460,000.00

Rental Price

$
$2,800.00
  • Cap Rate
  • 2.7%
  • Gross Yield
  • 7.3%
  • Lease End Date
  • -

  • Rent Amount
  • $2,800.00

Cash Flow

Cap Rate2.7 Gross Yield7.3% Annual Rent$33,600.00 Property Taxes$7,545.11 Operating Expenses0
Year 1 Year 5 Year 10
Expected Rent $33,600.00 $2,800.00 / mo $168,000.00 $2,800.00 / mo $336,000.00 $2,800.00 / mo
Estimated Expenses $7,545.11 $37,725.55 $75,451.10
Net Cash Flow $26,054.89 $130,274.45 $260,548.90
HOA Fees $13,416.00 $67,080.00 $134,160.00