10851 MANGROVE CAY LN NE #1212 (MLS: TB8440583) For Sale

10851 MANGROVE CAY LN NE #1212, (Pinellas), Saint Petersburg Florida 33716

Currently Rented at $2,600.00 / month

Area: 1600

Property Info

  • MLS TB8440583
  • Unit No 1212
  • Bedrooms 2
  • Bathrooms 2
  • Area (sqft) 1600
  • Living Area (sqft) 1600
  • Foundation Block, Concrete Perimeter
  • Min Lease Block, Concrete Perimeter
  • HOA Fees $715.00

Interior Features

  • Ceiling Fans(s)
  • High Ceilings
  • Kitchen/Family Room Combo
  • Solid Wood Cabinets
  • Split Bedroom
  • Stone Counters
  • Thermostat
  • Walk-In Closet(s)

Buy Price

$
$435,000.00

Rental Price

$
$2,600.00
  • Cap Rate
  • 3.7%
  • Gross Yield
  • 7.2%
  • Lease End Date
  • May 31, 2026

  • Rent Amount
  • $2,600.00

Cash Flow

Cap Rate3.7 Gross Yield7.2% Annual Rent$31,200.00 Property Taxes$6,509.22 Operating Expenses0
Year 1 Year 5 Year 10
Expected Rent $31,200.00 $2,600.00 / mo $156,000.00 $2,600.00 / mo $312,000.00 $2,600.00 / mo
Estimated Expenses $6,509.22 $32,546.10 $65,092.20
Net Cash Flow $24,690.78 $123,453.90 $246,907.80
HOA Fees $8,580.00 $42,900.00 $85,800.00