51 ISLAND WAY #306 (MLS: TB8508132) For Sale

51 ISLAND WAY #306, (Pinellas), Clearwater Beach Florida 33767

Currently Rented at $2,000.00 / month

Area: 680

Property Info

  • MLS TB8508132
  • Unit No 306
  • Bedrooms 1
  • Bathrooms 1
  • Area (sqft) 680
  • Living Area (sqft) 680
  • Foundation Stem Wall
  • Min Lease Stem Wall
  • HOA Fees $589.00

Interior Features

  • Built-in Features
  • Ceiling Fans(s)
  • Living Room/Dining Room Combo
  • Primary Bedroom Main Floor
  • Thermostat

Buy Price

$
$270,000.00

Rental Price

$
$2,000.00
  • Cap Rate
  • 4.4%
  • Gross Yield
  • 8.9%
  • Lease End Date
  • August 31, 2026
  • Rent Amount

  • $2,000.00

Cash Flow

Cap Rate4.4 Gross Yield8.9% Annual Rent$24,000.00 Property Taxes$5,063.00 Operating Expenses0
Year 1 Year 5 Year 10
Expected Rent $24,000.00 $2,000.00 / mo $120,000.00 $2,000.00 / mo $240,000.00 $2,000.00 / mo
Estimated Expenses $5,063.00 $25,315.00 $50,630.00
Net Cash Flow $18,937.00 $94,685.00 $189,370.00
HOA Fees $7,068.00 $35,340.00 $70,680.00

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