275 1ST AVENUE SOUTH #2208 (MLS: TB8552494) For Sale

275 1ST AVENUE SOUTH #2208, (Pinellas), Saint Petersburg Florida 33701

Currently Rented at $6,500.00 / month

Area: 1610

Property Info

  • MLS TB8552494
  • Unit No 2208
  • Bedrooms 2
  • Bathrooms 3
  • Area (sqft) 1610
  • Living Area (sqft) 1339
  • Foundation Slab
  • Min Lease Slab
  • HOA Fees $1,072.00

Interior Features

  • Ceiling Fans(s)
  • High Ceilings
  • Kitchen/Family Room Combo
  • Living Room/Dining Room Combo
  • Open Floorplan
  • Stone Counters
  • Thermostat

Buy Price

$
$1,079,000.00

Rental Price

$
$6,500.00
  • Cap Rate
  • 6%
  • Gross Yield
  • 7.2%
  • Lease End Date
  • June 09, 2027
  • Rent Amount

  • $6,500.00

Cash Flow

Cap Rate6.0 Gross Yield7.2% Annual Rent$78,000.00 Property Taxes$0.00 Operating Expenses0
Year 1 Year 5 Year 10
Expected Rent $78,000.00 $6,500.00 / mo $390,000.00 $6,500.00 / mo $780,000.00 $6,500.00 / mo
Estimated Expenses $0.00 0 0
Net Cash Flow $78,000.00 $390,000.00 $780,000.00
HOA Fees $12,864.00 $64,320.00 $128,640.00

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