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$135,000

For Sale - Active
1400 Gandy Blvd N Unit 1705, Saint Petersburg, FL 33702
1 Bed
1 Bath
525 Square Feet
0.00 Acres Lot
Built in 1986
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: Jul 12, 2025 at 12:59AM

Investment Summary


Monthly Cash Flow
-$201
Cap Rate
4.4%
Cash-on-Cash Return
-7.8%
Debt Coverage Ratio
0.71
Internal Rate of Return (5 years)
-3.5%

Property Description


0.00 Acres Lot
Built in 1986
For Sale - Active
Units n/a

Welcome to Windjammer Condominiums of St. Petersburg. . This one bedroom and one bathroom condo has white kitchen cabinets, tile backsplash, white appliances, full size washer and dryer, upgraded lighting, fixtures, soaring ceilings, all tile floors throughout and located on 2nd floor with covered screened in balcony scenic view. Windjammer is a gated community with all the amenities you need swimming pool, spa, and clubhouse with kitchen, billiard room, free Wi-Fi, fitness center, racquetball & volleyball courts, playground, and the nature park with gas barbecue grills. Windjammer is located on the Northern part of St. Petersburg, with easy access to shopping, Restaurants, 275, Downtown St. Petersburg, Tampa Airport, beaches and much more

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Location


Property Details


Parking

  • Description: Assigned, Boat, Ground Level, Guest
  • Details: Assigned, Guest
  • 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: 4
  • # of Stories: 2

Exterior Features

  • Exterior Walls Materials: Wood
  • Foundation: Slab
  • Roof Material: Shingle

HOA

  • Has HOA: Yes
  • Association: WINDJAMMER Amnea
  • HOA Fee: $323/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Apartments (general)

Lot Information

  • Parcel ID: 243016982340171705
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 1986

Tax Information

  • Annual Tax: $1,817

Utilities

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

Location

  • County: Pinellas

Listing Details


Listed by:
Debbie Hebden
ELITE TAMPA BAY REALTY LLC
(786) 942-8280

Source:
Stellar MLS
MLS#: TB8388030
Stellar MLS

Investment Summary


Monthly Cash Flow
-$201
Cap Rate
4.4%
Cash-on-Cash Return
-7.8%
Debt Coverage Ratio
0.71
Internal Rate of Return (5 years)
-3.5%

Purchase Details

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Purchase price:
$135,000
Amount financed:
-$108,000
Down payment:
$27,000
Closing costs:
$4,050
Rehab costs:
$0
Initial cash invested:
$31,050
Square feet:
525
Cost per square foot:
$257
Monthly rent per square foot:
$2.67

Financing Details

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Loan amount:
$108,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$692
Property tax:
$152
Insurance:
$98
Private mortgage insurance (PMI):
$0
Monthly payment:
$942

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,400 $16,800
Vacancy loss: (6%)
6% -$84 -$1,008
Operating income:
$1,316 $15,792

Operating Expenses


% Rent Monthly Yearly
Property taxes: (11%)
11%-$152-$1,818
Insurance: (7%)
7%-$98-$1,176
Property management: (8%)
8%-$112-$1,344
Repairs & maintenance: (5%)
5%-$70-$840
Capital expenditures: (5%)
5%-$70-$840
HOA fees: (23%)
23%-$323-$3,876
Total operating expenses: (59%)
59%-$825-$9,894

Cash Flow


Monthly Yearly
Net operating income:
$491 $5,892
Mortgage payments:
-$692 -$8,304
Cash flow:
$201 $2,412