400 ISLAND WAY #1411 (MLS: TB8499684) For Sale

400 ISLAND WAY #1411, (Pinellas), Clearwater Beach Florida 33767

Currently Rented at $3,500.00 / month

Area: 1240

Property Info

  • MLS TB8499684
  • Unit No 1411
  • Bedrooms 2
  • Bathrooms 2
  • Area (sqft) 1240
  • Living Area (sqft) 1240
  • Foundation Slab
  • Min Lease Slab
  • HOA Fees $1,050.00

Interior Features

  • Elevator
  • Open Floorplan

Buy Price

$
$505,000.00

Rental Price

$
$3,500.00
  • Cap Rate
  • 4.3%
  • Gross Yield
  • 8.3%
  • Lease End Date
  • -
  • Rent Amount

  • $3,500.00

Cash Flow

Cap Rate4.3 Gross Yield8.3% Annual Rent$42,000.00 Property Taxes$7,513.00 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 $7,513.00 $37,565.00 $75,130.00
Net Cash Flow $34,487.00 $172,435.00 $344,870.00
HOA Fees $12,600.00 $63,000.00 $126,000.00

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