1024 16TH AVE N (MLS: TB8487002) For Sale

1024 16TH AVE N, (Pinellas), Saint Petersburg Florida 33704

Currently Rented at $7,400.00 / month

Area: 3349

Property Info

  • MLS TB8487002
  • Unit No -
  • Bedrooms 6
  • Bathrooms 5
  • Area (sqft) 3349
  • Living Area (sqft) 3349
  • Foundation Crawlspace
  • Min Lease Crawlspace

Interior Features

  • Ceiling Fans(s)
  • Coffered Ceiling(s)
  • Crown Molding
  • Eat-in Kitchen
  • High Ceilings
  • Kitchen/Family Room Combo
  • Living Room/Dining Room Combo
  • Open Floorplan
  • Primary Bedroom Main Floor
  • Solid Surface Counters
  • Solid Wood Cabinets
  • Split Bedroom
  • Stone Cou

Buy Price

$
$1,100,000.00

Rental Price

$
$7,400.00
  • Cap Rate
  • 6.4%
  • Gross Yield
  • 8.1%
  • Lease End Date
  • June 30, 2026

  • Rent Amount
  • $7,400.00

Cash Flow

Cap Rate6.4 Gross Yield8.1% Annual Rent$88,800.00 Property Taxes$18,494.00 Operating Expenses0
Year 1 Year 5 Year 10
Expected Rent $88,800.00 $7,400.00 / mo $444,000.00 $7,400.00 / mo $888,000.00 $7,400.00 / mo
Estimated Expenses $18,494.00 $92,470.00 $184,940.00
Net Cash Flow $70,306.00 $351,530.00 $703,060.00