400 ISLAND WAY #509 (MLS: TB8547102) For Sale

400 ISLAND WAY #509, (Pinellas), Clearwater Beach Florida 33767

Currently Rented at $4,800.00 / month

Area: 1300

Property Info

  • MLS TB8547102
  • Unit No 509
  • Bedrooms 2
  • Bathrooms 2
  • Area (sqft) 1300
  • Living Area (sqft) 1300
  • Foundation Block
  • Min Lease Block
  • HOA Fees $1,118.00

Interior Features

  • Ceiling Fans(s)

Buy Price

$
$459,900.00

Rental Price

$
$4,800.00
  • Cap Rate
  • 7.9%
  • Gross Yield
  • 12.5%
  • Lease End Date
  • April 30, 2027
  • Rent Amount

  • $4,800.00

Cash Flow

Cap Rate7.9 Gross Yield12.5% Annual Rent$57,600.00 Property Taxes$8,020.00 Operating Expenses0
Year 1 Year 5 Year 10
Expected Rent $57,600.00 $4,800.00 / mo $288,000.00 $4,800.00 / mo $576,000.00 $4,800.00 / mo
Estimated Expenses $8,020.00 $40,100.00 $80,200.00
Net Cash Flow $49,580.00 $247,900.00 $495,800.00
HOA Fees $13,416.00 $67,080.00 $134,160.00

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