1222 Highland Ct N

St Petersburg, FL 33701
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2 bd, 1 ba | 592 sqft | Built in 1920

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List Price
$145,000

Initial Investment

$38,447

Purchase Price

$137,000

Down Payment

25%

Rent

$1,210

Total Return

$57,248

Annualized Return

19.0%

Cap Rate

4.5%

Gross Yield

10.6%

Cash Flow

-$1,922

Appreciation

8.6%
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Features

Occupancy

Occupied

Lease Start

12/17/2018

Lease End

12/31/2019

Lot Size

2,104

HOA

None

Flood Risk

Not Required

  • New kitchen with a formica counter top and a stainless steel appliances and wood laminate flooring
  • Close to Crescent Lake Park and 1.3 miles to downtown St. Petersburg
  • Front porch has screened lanai
  • Insurance fee included in monthly rent of $9.50

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Annual Financial Highlights

Expected Rent

$13,788

Expenses

-$5,062

Property Taxes

-$3,200

Loan Payments

-$7,448

Net Cash Flow

-$1,922

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