Key Metrics based on Seller's input

  • Gross ROI

  • Net ROI

  • Net ROI Cash

  • Net Monthly Cashflow

  • 24.23%

  • 23.02%

  • $28,776.69

  • $2,398.06

Acquisition Information

  • Price

  • Estimated Buyer's Closing Costs

  • $125,000.00

  • $3,750.00

Type: Condominium

5880 38TH AVE N #309, ST PETERSBURG, Florida 33710

$125,000.00 24.23% GROSS ROI

Details

Welcome home to this fantastic 2-bedroom 2-bathroom condo in Parkwood. This 55+ residence is centrally located with easy\r\naccess to the Gulf beaches, interstate and downtown St. Petersburg. Step inside and fall in love with this light and bright gem, it\r\nfeatures an open floor plan, separate living room and Florida room, and an eating space in the kitchen. The master bedroom is nice\r\nsized and features its own private bathroom and ample closet space. This unit has windows across the back giving it a light and airy\r\nfeel. Parkwood Condo is an excellent run community, it features assigned parking, abundant guest parking, elevators and a covered\r\ndrive up/drop off. (Covered carport spaces periodically become available for sale or rent.) This unit is clean and in a move in\r\ncondition and will not last long, hurry do not miss it!

Category: Buy & Hold       Baths: 2       Beds: 2       Sq Ft: 1010       Year Built: 1971       Listing Date: 2022-06-09       Private Pool: No       MLS Status: Pending       Contract Status: Financing,Inspections       Subdivision: PARKWOOD CONDO       County: Pinellas       Direction Facing: East      

Tax Legal Description: PARKWOOD SQUARE APTS BLDG B CONDO APT 309

Owner Costs

  • HOA Fees per month

  • Annual Property Taxes

  • $0.00

  • $0.00

Rental Information

  • Estimated Monthly Market Rent

  • Realistic Vacancy Rate (%)

  • $2,600.00

  • 5

Analyze Deal

USE YOUR OWN NUMBERS TO ANALYZE:

Closing Price

Closing Costs (EST. 3%)

Expected Monthly Rent

Monthly HOA Fees

Vacancy Yearly Percentage Rate (EST. 5%)

Annual Property Taxes

Estimated Renovation

Annual Insurance

Annual Estimated Repairs

ESTIMATED NET ROI:

  • NET ROI:
    24.23%

  • NET ROI CASH:
    $28,776.70

  • NET ANNUAL ROI:
    23.02%

  • NET MONTHLY CASHFLOW:
    $2,398.06

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