7862 SAILBOAT KEY BLVD S #506 (MLS: TB8487704) For Sale

7862 SAILBOAT KEY BLVD S #506, (Pinellas), Saint Petersburg Florida 33707

Currently Rented at $3,500.00 / month

Area: 1300

Property Info

  • MLS TB8487704
  • Unit No 506
  • Bedrooms 2
  • Bathrooms 2
  • Area (sqft) 1300
  • Living Area (sqft) 1300
  • Foundation Slab, Stilt/On Piling
  • Min Lease Slab, Stilt/On Piling
  • HOA Fees $825.00

Interior Features

  • Ceiling Fans(s)
  • Crown Molding
  • Living Room/Dining Room Combo
  • Primary Bedroom Main Floor
  • Stone Counters
  • Thermostat
  • Wet Bar
  • Window Treatments

Buy Price

$
$799,000.00

Rental Price

$
$3,500.00
  • Cap Rate
  • 2.8%
  • Gross Yield
  • 5.3%
  • Lease End Date
  • April 30, 2027
  • Rent Amount

  • $3,500.00

Cash Flow

Cap Rate2.8 Gross Yield5.3% Annual Rent$42,000.00 Property Taxes$10,089.00 Operating Expenses0
Year 1 Year 5 Year 10
Expected Rent $42,000.00 $3,500.00 / mo $210,000.00 $3,500.00 / mo $420,000.00 $3,500.00 / mo
Estimated Expenses $10,089.00 $50,445.00 $100,890.00
Net Cash Flow $31,911.00 $159,555.00 $319,110.00
HOA Fees $9,900.00 $49,500.00 $99,000.00

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