400 ISLAND WAY #509 (MLS: W7886167) For Sale

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

Currently Rented at $2,200.00 / month

Area: 1370

Property Info

  • MLS W7886167
  • Unit No 509
  • Bedrooms 2
  • Bathrooms 2
  • Area (sqft) 1370
  • Living Area (sqft) 1370
  • Foundation Block, Stilt/On Piling
  • Min Lease Block, Stilt/On Piling
  • HOA Fees $1,118.00

Interior Features

  • Ceiling Fans(s)

Buy Price

$
$421,960.00

Rental Price

$
$2,200.00
  • Cap Rate
  • 1.2%
  • Gross Yield
  • 6.3%
  • Lease End Date
  • August 08, 2026

  • Rent Amount
  • $2,200.00

Cash Flow

Cap Rate1.2 Gross Yield6.3% Annual Rent$26,400.00 Property Taxes$8,020.00 Operating Expenses0
Year 1 Year 5 Year 10
Expected Rent $26,400.00 $2,200.00 / mo $132,000.00 $2,200.00 / mo $264,000.00 $2,200.00 / mo
Estimated Expenses $8,020.00 $40,100.00 $80,200.00
Net Cash Flow $18,380.00 $91,900.00 $183,800.00
HOA Fees $13,416.00 $67,080.00 $134,160.00