1247 S MARTIN LUTHER KING JR AVE #D103 (MLS: TB8507098) For Sale

1247 S MARTIN LUTHER KING JR AVE #D103, (Pinellas), Clearwater Florida 33756

Currently Rented at $1,800.00 / month

Area: 1120

Property Info

  • MLS TB8507098
  • Unit No D103
  • Bedrooms 2
  • Bathrooms 2
  • Area (sqft) 1120
  • Living Area (sqft) 1120
  • Foundation Block
  • Min Lease Block
  • HOA Fees $582.00

Interior Features

  • Ceiling Fans(s)
  • Living Room/Dining Room Combo
  • Open Floorplan

Buy Price

$
$225,000.00

Rental Price

$
$1,800.00
  • Cap Rate
  • 5.1%
  • Gross Yield
  • 9.6%
  • Lease End Date
  • July 31, 2027
  • Rent Amount

  • $1,800.00

Cash Flow

Cap Rate5.1 Gross Yield9.6% Annual Rent$21,600.00 Property Taxes$3,208.00 Operating Expenses0
Year 1 Year 5 Year 10
Expected Rent $21,600.00 $1,800.00 / mo $108,000.00 $1,800.00 / mo $216,000.00 $1,800.00 / mo
Estimated Expenses $3,208.00 $16,040.00 $32,080.00
Net Cash Flow $18,392.00 $91,960.00 $183,920.00
HOA Fees $6,984.00 $34,920.00 $69,840.00

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