742 53rd St FL 33407

Long-term tenants with below market rent. Current monthly gross is $2,000 potential monthly gross is $2,200, annual current gross income is $24,000, potential annual gross income is $26,400. Operating expenses are property taxes : $2,200, property insurance (optional ) $905, general liability (optional) $458, and lawn $600/year total expenses $4,163. Current net annual income is $19,837. potential net annual income is $22,237. Actual cap rate is 9.22%, potential cap rate is 10.34%.