5039 DR MARTIN LUTHER KING JR ST N (MLS: TB8446580) For Sale

5039 DR MARTIN LUTHER KING JR ST N, (Pinellas), Saint Petersburg Florida 33703

Currently Rented at $3,950.00 / month

Area: 1924

Property Info

  • MLS TB8446580
  • Unit No -
  • Bedrooms 3
  • Bathrooms 3
  • Area (sqft) 1924
  • Living Area (sqft) 1924
  • Foundation Slab
  • Min Lease Slab

Interior Features

  • Ceiling Fans(s)
  • Living Room/Dining Room Combo
  • PrimaryBedroom Upstairs
  • Solid Surface Counters
  • Solid Wood Cabinets

Buy Price

$
$650,000.00

Rental Price

$
$3,950.00
  • Cap Rate
  • 6.9%
  • Gross Yield
  • 7.3%
  • Lease End Date
  • August 31, 2026

  • Rent Amount
  • $3,950.00

Cash Flow

Cap Rate6.9 Gross Yield7.3% Annual Rent$47,400.00 Property Taxes$2,478.00 Operating Expenses0
Year 1 Year 5 Year 10
Expected Rent $47,400.00 $3,950.00 / mo $237,000.00 $3,950.00 / mo $474,000.00 $3,950.00 / mo
Estimated Expenses $2,478.00 $12,390.00 $24,780.00
Net Cash Flow $44,922.00 $224,610.00 $449,220.00