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$200,000

For Sale - Active
10190 Imperial Point Dr W Apt 16, Largo, FL 33774
1 Bed
1 Bath
815 Square Feet
1.40 Acres Lot
Built in 1971
For Sale - Active
1 Units
Checked: 3 hours ago
Updated: May 25, 2025 at 03:02AM

Investment Summary


Potential Missing Expenses

We noticed that HOA fees are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$17
Cap Rate
6.0%
Cash-on-Cash Return
-0.4%
Debt Coverage Ratio
0.98
Internal Rate of Return (5 years)
3.6%

Property Description


1.40 Acres Lot
Built in 1971
For Sale - Active
1 Units

NEW PRICE!! NO MILESTONE/RESERVE STUDY NEEDED! NO ASSESSMENTS! FULLY FUNDED RESERVES! Discover the perfect blend of luxury and convenience in this impeccably maintained 1-bedroom, 1-bath condo, nestled along the serene Intracoastal Waterway, just minutes away from the pristine sands of Indian Rocks Beach. This building sustained NO DAMAGE or FLOODING from the hurricanes! As you approach, you'll notice the freshly painted exterior and meticulously landscaped grounds. Step inside to a spacious, open-concept dining and living area, ideal for entertaining guests or unwinding after a day by the beach. The modern kitchen boasts newer stainless steel appliances, complementing the sleek, CARPET FREE interior that combines style with easy maintenance. Your gaze will be immediately drawn to the expansive DOUBLE LANAI that spans the entire width of the condo. Sliding glass doors across the back of the home create a seamless flow between indoor and outdoor living, perfect for enjoying the gentle coastal breeze. The lanai, recently painted and outfitted with a new fan, provides an inviting space for morning coffee or evening relaxation. Relax in your spacious bedroom, which offers direct access to the lanai through sliding doors and features a generous walk-in closet with built-in organizers. The bathroom has been tastefully updated with new tile, and the ceiling showcases recessed lighting and wood planks, adding a coastal touch to the room. As part of this vibrant community, your condo fees include cable, internet, and meticulous grounds maintenance. You'll have access to a wide array of amenities, including a spa, TWO POOLS—a smaller, adult-only pool, and a stunning OLYMPIC-SIZED HEATED POOL with WATERFRONT views. The community features two clubhouses, each situated by a pool; the main clubhouse offers a gym, social activities room, pool and ping pong tables, a library, and a kitchen. Outdoors, you can enjoy a playground, tennis courts, PICKLEBALL, shuffleboard, a FISHING DOCK, outdoor grills, kayak storage and a private BOAT LAUNCH where you can travel through The Narrows of the intracoastal waterway out to the Gulf of Mexico. Additionally, there are plenty of social activities available to suit your lifestyle. Whether you are looking for your full time piece of paradise, or a vacation retreat, this is more than just a home; it’s a lifestyle. Don't miss your chance to experience coastal living at its finest! Schedule your appointment today!

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Location


Property Details


Parking

  • Description: No Parking
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 1

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 1.0

Interior Features

  • # of Rooms: 3
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Masonry
  • Foundation: Block
  • Roof Material: Tile

HOA

  • Association: J Ferrise Management /Karen Morgan

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 183015420200000160
  • Lot Size: 61072 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 1971

Tax Information

  • Annual Tax: $2,824

Utilities

  • Water & Sewer: Public
  • Heating: Electric
  • Cooling: Central Air, Other

Location

  • County: Pinellas

Listing Details


Listed by:
Kimberly Papalas
MARCUS & COMPANY REALTY
(941) 369-9210

Source:
Stellar MLS
MLS#: A4635363
Stellar MLS

Investment Summary


Potential Missing Expenses

We noticed that HOA fees are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$17
Cap Rate
6.0%
Cash-on-Cash Return
-0.4%
Debt Coverage Ratio
0.98
Internal Rate of Return (5 years)
3.6%

Purchase Details

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Purchase price:
$200,000
Amount financed:
-$160,000
Down payment:
$40,000
Closing costs:
$6,000
Rehab costs:
$0
Initial cash invested:
$46,000
Square feet:
815
Cost per square foot:
$245
Monthly rent per square foot:
$2.21

Financing Details

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Loan amount:
$160,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,024
Property tax:
$235
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,385

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (13%)
13%-$235-$2,825
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (38%)
38%-$685-$8,225

Cash Flow


Monthly Yearly
Net operating income:
$1,007 $12,084
Mortgage payments:
-$1,024 -$12,288
Cash flow:
$17 $204