Boaters paradise

$2,490,000
5
4
6,000
sq. ft.
$415
per sq ft
Heated sq ft: 4,500 sq ft
Avg Nightly Rate: $700
Home Legally Sleeps: 16
Occupancy Rate: 40 weeks
Annual Gross Income : 160
Annual Net Operating Income : 25000
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: No
Niche: Beach, Couples/Romance, Golf, Pet Friendly, Weddings or Family Reunions
New Construction: Inquire
Days on Vrolio: 236

Property Description

Gorgeous vacation rental property with 8 plus years of established income. Beautiful gulf front location on a lot and a half.

Presented by:
Owner:
morgan domson
Seller Financing
No
Distress Sale
None
Seller Financing Terms
Seasonal Nightly Rates
High: 950
Low: 500
Peak: 900
Special Event: 1000
Avarage: 700.00
Furniture Age
8
Est Value of Furnishings
$150,000
Peak & High Seasons
January, February, March, April, May, June, July, August, December
Ownership Percentage
Full (100%)
Qualifies for foreign national visa
Not sure
Reason for Selling
Retiring
Foreign national buyer restrictions from government?
Not sure
Gross Annual Income
160
Net Operating Income
25000
Stories
2
Additional Indoor Rooms
Attached Garage for 2 cars, Family Room, Formal Dining Room, Game Room, Living Room, Sun Room
Appliances
Dishwasher, Dryer, Electric appliances, Full stove, Garbage Disposal, Gas appliances, Microwave, Oven, Refrigerator, Washer
Heating/Cooling
Central A/C (gas or electric), Central Heat (gas or electric), Wood Burning Fireplace
Floor Coverings
Carpet, Laminate Wood, Tile
Security
Yes
Security Description
ADT window and doors with alarm
Half Baths
Inquire
Master Suite(s)
Inquire
Energy Efficiency
Energy Star appliances, Energy efficient lighting, Low flow faucets/toilets, Programmable thermostat
Year built
1969
Outdoor Features
Dock, Fenced/Gated Yard, Inground Pool, Inground Spa, Sprinkler System, Walk Out Balcony
View
Intercoastal, Ocean
Backyard Exposure
Southwest
Lot Size
House is built on 1 1/2 lots!! 120’ of seawall redone in 2011
Community Features
Clubhouse, Ocean Access
Tax Amount/Year
$18,000
CDD Amount
Inquire
Neighborhood
Inquire
Deed Restricted Community
No
Interview Required
No
Neighborhood Amenities
Clubhouse, Ocean Access
Mandatory HOA
Inquire
Home Legally Sleeps:
16
Onsite Parking
Large circular driveway
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
$13.00
Minimum Nightly Rental
No Minimum
Rental Length Requirement
No Restriction
Has Rental History
Yes
Established Rental History
5 Years
Occupancy Rate
40
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
Yes, Existing database of guests, Professional photos, VRBO and/or Homeaway profile
Manager Cancellation Policy
 
  •  
Credit Card Fee
Inquire
Cleaning Fee
$12,000.00
Licesnes & Permits (Annual)
$150.00
Advertising & Tech Costs (Annual)
$450.00
Yard & Pest Control (Annual)
$1,200.00
Pool & Spa Maintinence (Annual)
$600.00
Electricity (Annual)
$10,000.00
Water/Sewer (Annual)
$1,600.00
Cable/Interbet (Annual)
$1,400.00
Accounting Fee (Annual)
Inquire
Property Taxes (Annual)
$18,000.00
Homeowner's Insurance (Annual)
$17,000.00
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

RECALCULATE
Income
Average Nightly Rent

Weekly Rent

Potential Annual Rent

Weeks Rented (of 52)

Additional Net Revenue Streams

Effective Gross Revenue

Effective Gross Rent

RECALCULATE
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 ($)

RECALCULATE
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

RECALCULATE
Loan
Down Payment (%)

Down Payment (Capital Investment)

Loan Amount

Interest Rate

Amortization (Loan Years)

Monthly Payment

Annual Debt Service

RECALCULATE
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)

RECALCULATE

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.

LOCATION MAP VIEW

Data provided by property owner

The information featured here is supplied by third party resources. In some cases the owner directly will supply the data and in other cases third party listing sources. While we do everything in our power to ensure the information is as accurate as possible but we can in no capacity, guarantee the information sourced here is 100% accurate. All users should do their own due diligence and further research before engaging in a property purchase based on the data and information provided here. It is deemed reliable but not guaranteed. In many cases the information may not be verified further than the source that provided it to us. This includes all data and information shown about the properties, locations, regulations and any other details found here. Vrolio does not own, manage and is not in any way associated with in a real estate transaction capacity any of the properties shown here. Images are subject to copyright from owner and photographer. We do not own any of the images provided here. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in a property.