100 BEACH DR NE #1501 (MLS: TB8481559) For Sale

100 BEACH DR NE #1501, (Pinellas), Saint Petersburg Florida 33701

Currently Rented at $8,000.00 / month

Area: 2500

Property Info

  • MLS TB8481559
  • Unit No 1501
  • Bedrooms 3
  • Bathrooms 3
  • Area (sqft) 2500
  • Living Area (sqft) 2500
  • Foundation Block, Other
  • Min Lease Block, Other

Interior Features

  • Built-in Features
  • Ceiling Fans(s)
  • Stone Counters
  • Walk-In Closet(s)

Buy Price

$
$2,150,000.00

Rental Price

$
$8,000.00
  • Cap Rate
  • 2.8%
  • Gross Yield
  • 4.5%
  • Lease End Date
  • April 30, 2025

  • Rent Amount
  • $8,000.00

Cash Flow

Cap Rate2.8 Gross Yield4.5% Annual Rent$96,000.00 Property Taxes$34,957.00 Operating Expenses0
Year 1 Year 5 Year 10
Expected Rent $96,000.00 $8,000.00 / mo $480,000.00 $8,000.00 / mo $960,000.00 $8,000.00 / mo
Estimated Expenses $34,957.00 $174,785.00 $349,570.00
Net Cash Flow $61,043.00 $305,215.00 $610,430.00