2960 59TH S STREET 411 Gulfport, FL 33707
Charming 2 bed/2 bath condo with updated kitchen and amenities.
- Added:
- Nov 30, 2024
- Days on Market:
- 588
- Last Refresh:
- Apr 5 at 10:44 pm
Property Features for 2960 59TH S STREET 411
General Information
- Standard status
- Active
- Size
- 1,120 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1973
Listing office NEXTHOME LOCAL EXPERT (727) 657-1259
Listing date Nov 30, 2024
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of NEXTHOME LOCAL EXPERT
Investment Insights
Based on property information with market context.
Key Highlights
- Priced to sell, fully furnished option available due to seller relocation.
- Updated kitchen boasts full‑size stainless steel appliances, including a gas range.
- HOA covers an extensive list: gas, water, sewer, trash, cable, internet, exterior maintenance, and building insurance.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.2k | $18.00 |
| − Vacancy | −$1.4k | −$1.28 |
| EGI | $18.7k | $16.72 |
| − OpEx | −$8.4k | −$7.52 |
| NOI | $10.3k | $9.20 |