505 MANDALAY AVE #62 (MLS: TB8436328) For Sale

505 MANDALAY AVE #62, (Pinellas), Clearwater Beach Florida 33767

Currently Rented at $5,000.00 / month

Area: 1619

Property Info

  • MLS TB8436328
  • Unit No 62
  • Bedrooms 2
  • Bathrooms 3
  • Area (sqft) 1619
  • Living Area (sqft) 1619
  • Foundation Slab
  • Min Lease Slab
  • HOA Fees $960.00

Interior Features

  • Built-in Features
  • Open Floorplan

Buy Price

$
$1,099,000.00

Rental Price

$
$5,000.00
  • Cap Rate
  • 3%
  • Gross Yield
  • 5.5%
  • Lease End Date
  • -

  • Rent Amount
  • $5,000.00

Cash Flow

Cap Rate3.0 Gross Yield5.5% Annual Rent$60,000.00 Property Taxes$15,066.00 Operating Expenses0
Year 1 Year 5 Year 10
Expected Rent $60,000.00 $5,000.00 / mo $300,000.00 $5,000.00 / mo $600,000.00 $5,000.00 / mo
Estimated Expenses $15,066.00 $75,330.00 $150,660.00
Net Cash Flow $44,934.00 $224,670.00 $449,340.00
HOA Fees $11,520.00 $57,600.00 $115,200.00