400 ISLAND WAY #509 (MLS: W7888789) For Sale

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

Currently Rented at $3,372.00 / month

Area: 1370

Property Info

  • MLS W7888789
  • 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

Interior Features

  • Ceiling Fans(s)

Buy Price

$
$469,000.00

Rental Price

$
$3,372.00
  • Cap Rate
  • 6.9%
  • Gross Yield
  • 8.6%
  • Lease End Date
  • April 30, 2027
  • Rent Amount

  • $3,372.00

Cash Flow

Cap Rate6.9 Gross Yield8.6% Annual Rent$40,464.00 Property Taxes$8,020.00 Operating Expenses0
Year 1 Year 5 Year 10
Expected Rent $40,464.00 $3,372.00 / mo $202,320.00 $3,372.00 / mo $404,640.00 $3,372.00 / mo
Estimated Expenses $8,020.00 $40,100.00 $80,200.00
Net Cash Flow $32,444.00 $162,220.00 $324,440.00

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