Perfect Short Term Rental Investment Property

$580,000
3
2
10,239
sq. ft.
$57
per sq ft
Heated sq ft: 2,300 sq ft
Avg Nightly Rate: $275
Home Legally Sleeps: 9
Occupancy Rate: 52 weeks
Annual Gross Income : 80000
Annual Net Operating Income : 33000
Property Type: Detached Single Family Home (Villa, Cabin, Cottage)
Ownership Type: Full (100%)
Seasoned Short Term Rental: Yes
Furnishings Included: Yes
For Sale By: Owner
Seller Financing: Yes
Niche: Beach, City Life, Golf
New Construction: Yes
Days on Vrolio: 570

Property Description

Rancher Home, five minute drive to the beach, 5 minute walk to downtown. Pool and Hot Tub - 12 minute drive from Airport - Complete Private Back Yard] - Separate mother-in law sweet (ideal for families) -Seller Financing Available

Presented by:
Owner:
chad kastel
Seller Financing
Yes
Distress Sale
None
Seller Financing Terms
10% down. 3 year terms, 7% interest. Less money down higher purchase price.
Seasonal Nightly Rates
High: 300
Low: 200
Peak: 400
Special Event: 400
Avarage: 275.00
Furniture Age
1
Est Value of Furnishings
$6,000
Peak & High Seasons
January, February, March, April
Ownership Percentage
Full (100%)
Qualifies for foreign national visa
Not sure
Reason for Selling
Moving in to the upper tier luxury space
Foreign national buyer restrictions from government?
Not sure
Gross Annual Income
80000
Net Operating Income
33000
Stories
1
Additional Indoor Rooms
Attached Garage for 1 car, Detached In Law Suite, Living Room
Appliances
Dishwasher, Dryer, Electric appliances, Full stove, Garbage Disposal, Gas appliances, Microwave, Oven, Refrigerator, Washer, Other
Heating/Cooling
Central A/C (gas or electric), Central Heat (gas or electric), Wall Unit A/C
Floor Coverings
Real Hardwood, Tile
Security
No
Security Description
Half Baths
1
Master Suite(s)
Inquire
Energy Efficiency
Year built
1949
Outdoor Features
Fenced/Gated Yard, Inground Pool, Inground Spa, Sprinkler System
View
Other
Backyard Exposure
North
Lot Size
10,000 square foot lot. Backyard is covered in luscious landscaping which creates a beautiful view but amazing privacy. It is also accented by a pool and hot tub.
Community Features
Tax Amount/Year
$10,136
CDD Amount
Inquire
Neighborhood
Inquire
Deed Restricted Community
No
Interview Required
No
Neighborhood Amenities
Mandatory HOA
Inquire
Home Legally Sleeps:
9
Onsite Parking
Large Driveway which fits two to three cars. Garage Fits One car.
Neighborhood Association STR Rules
Inquire
Municipality STR Rules
No restrictions documented by owner. Verification recomended
Transferrable Permit or License
Yes, Municipality Issuing New Permits
Rental Tax Info
$0.12
Minimum Nightly Rental
No Minimum
Rental Length Requirement
No Restriction
Has Rental History
Yes
Established Rental History
4 Years
Occupancy Rate
52
Being Sold with Bookings
Inquire
Caretaker Info
InquireCaretaker cannot stay and oversee the property
Bookings Placed By
Owner
Managed By
Owner
Management Bookings Percentage
Inquire
Caretaker Bookings Percentage
Inquire
Paid Booking History
Yes
Future Booking Calendar
Management Fees
Inquire
Caretaker Fees
Inquire
Sold with Marketing Collateral
No
Manager Cancellation Policy
 
  •  
Credit Card Fee
Inquire
Cleaning Fee
$135.00
Licesnes & Permits (Annual)
$500.00
Advertising & Tech Costs (Annual)
$480.00
Yard & Pest Control (Annual)
$1,400.00
Pool & Spa Maintinence (Annual)
$720.00
Electricity (Annual)
$2,400.00
Water/Sewer (Annual)
$3,000.00
Cable/Interbet (Annual)
$860.00
Accounting Fee (Annual)
Inquire
Property Taxes (Annual)
$10,136.00
Homeowner's Insurance (Annual)
$7,600.00
Short Term Rental Insurance Rider (Annual)
Inquire
CDD Fee (Annual)
Inquire
Annual Homeowner's Association Dues
Inquire
Additional Membership Fees (Annual)
Inquire
Acquisition
Purchase price
Closing costs
Home Inspection
Furniture & Interiors Package
Rehab Work Estimates
Other
Total Capital Investment

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Income
Average Nightly Rent

Weekly Rent

Potential Annual Rent

Weeks Rented (of 52)

Additional Net Revenue Streams

Effective Gross Revenue

Effective Gross Rent

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Variable Expenses (Annual)
Management Rental Commission (%)

Management Rental Commission Annually ($)

Credit Card Fee (%)

Credit Card Fee Annually ($)

Cleaning Fee ($ per rented wk)

Cleaning Fees Annually

Booking Site Service Fees (%)

Booking Site Service Fees ($)

Management Fee ($ per mo)

Management Fee Annually

Additional Nightly Insurance Policy ($ per night)

Additional Nightly Insurance Policy Annually

Sales, Bed, Resort, Tourist Tax (%)

Sales, Bed, Resort, Tourist Tax Annually ($)

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Fixed Expenses (Annual)
Annual Permits/Licences

Advertising & Tech Costs

Yard and Pest Control

Pool Maintenance

Electricity

Water/Sewer

Cable/Internet

Accounting

Property Taxes

Homeowner's Insurance

Short Term Rental Insurance Rider

CDD fee

Annual Homeowners Association Dues

Additional Membership Fees

Maintenance Reserves/Supplies

Other

Fixed & Variable Expenses

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Loan
Down Payment (%)

Down Payment (Capital Investment)

Loan Amount

Interest Rate

Amortization (Loan Years)

Monthly Payment

Annual Debt Service

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Returns
Average Monthly Cash Flow

Annual Cash Flow

Cash-on-Cash Return

Annual Occupancy to Break Even

Break-Even Occupancy (Weeks)

Net Operating Income (NOI)

Cap Rate (ROI)

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User understands this calculator is deemed reliable but not guaranteed. Vrolio makes absolutely no guarantees on returns or income. User should do their own due diligence and verify all data before making a purchasing decision. User understands that this is an educational tool only. We therefore accept no liability arising from any reliance made by any user or person to whom this information is made available to. Please use this tool at your own discretion and use caution always before buying any real estate investment.

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