Amazing opportunity to invest

$649,900
2
2
1,310
sq. ft.
$496
per sq ft
Heated sq ft: 1,310 sq ft
Avg Nightly Rate: $150
Home Legally Sleeps: 6
Occupancy Rate: 45 weeks
Annual Gross Income : 24000
Annual Net Operating Income : 20431
Property Type: Condo (high rise or low rise)
Ownership Type: Full (100%)
Seasoned Short Term Rental: Yes
Furnishings Included: Yes
For Sale By: Broker
Seller Financing: No
Niche: Beach
New Construction: Inquire
Days on Vrolio: 17

Property Description

Is this a Stunning View? Enjoy breathtaking sunsets and spectacular direct Panoramic Intercoastal views from your the balcony or your master bedroom. Master bedroom offers a huge walk-in closet. Very modern large kitchen with top of the line kitchen appliances includes induction cooktop and nice granite counter tops. INVESTOR FRIENDLY, this building has no rental restrictions and is short term rented. MOVE-IN READY, FURNISHED, TURNKEY, no need to shop! The second bedroom has a nice view to high rises in Sunny Isles beach. Close to the beach, shopping, restaurants and top rated "A" Schools. Also close to famous Aventura Mall, Casinos, Airports and major highways. amenities included: BBQ area, heated pool & spa, gym, party room and 18 slips marina. Walk to beach and shops!

Presented by:
Agent:
Maria D´Palo
La Rosa Realty of Greater Fort Lauderdale
Seller Financing
No
Distress Sale
None
Seller Financing Terms
Seasonal Nightly Rates
High: 160
Low: 135
Peak: 160
Special Event: 160
Avarage: 150.00
Furniture Age
3
Est Value of Furnishings
$30,000
Peak & High Seasons
January, February, March, April, May, June, July, August, September, October, November, December
Ownership Percentage
Full (100%)
Qualifies for foreign national visa
Not sure
Reason for Selling
I want to invest in another country
Foreign national buyer restrictions from government?
Not sure
Gross Annual Income
24000
Net Operating Income
20431
Stories
5
Additional Indoor Rooms
Living Room
Appliances
Dishwasher, Dryer, Electric appliances, Full stove, Garbage Disposal, Microwave, Oven, Refrigerator, Washer
Heating/Cooling
Central A/C (gas or electric), Central Heat (gas or electric)
Floor Coverings
Tile
Security
No
Security Description
Half Baths
Inquire
Master Suite(s)
Inquire
Energy Efficiency
Year built
1999
Outdoor Features
Walk Out Balcony
View
Beach, Intercoastal, Ocean
Backyard Exposure
North
Lot Size
Is this a Stunning View? Enjoy breathtaking sunsets and spectacular direct Panoramic Intercoastal views from your the balcony or your master bedroom. Master bedroom offers a huge walk-in closet. Very modern large kitchen with top of the line kitchen appliances includes induction cooktop and nice granite counter tops. INVESTOR FRIENDLY, this building has no rental restrictions and is short term rented. MOVE-IN READY, FURNISHED, TURNKEY, no need to shop! The second bedroom has a nice view to high rises in Sunny Isles beach. Close to the beach, shopping, restaurants and top rated "A" Schools. Also close to famous Aventura Mall, Casinos, Airports and major highways. amenities included: BBQ area, heated pool & spa, gym, party room and 18 slips marina. Walk to beach and shops!
Community Features
Community Pool(s), Fitness Center, Marina, Onsite Property Management, Reception
Tax Amount/Year
$7,852
CDD Amount
Inquire
Neighborhood
Inquire
Deed Restricted Community
Yes
Interview Required
No
Neighborhood Amenities
Community Pool(s), Fitness Center, Marina, Onsite Property Management, Reception
Mandatory HOA
Inquire
Home Legally Sleeps:
6
Onsite Parking
parking in the building
Neighborhood Association STR Rules
HOA allows STR
Municipality STR Rules
No restrictions documented by owner. Verification recomended
Transferrable Permit or License
Yes, Transfers to new owner
Rental Tax Info
Inquire
Minimum Nightly Rental
No Minimum
Rental Length Requirement
No Restriction
Has Rental History
Yes
Established Rental History
4 Years
Occupancy Rate
45
Being Sold with Bookings
Inquire
Caretaker Info
InquireCaretaker cannot stay and oversee the property
Bookings Placed By
Manager
Managed By
Manager
Management Bookings Percentage
$20.00
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
na
 
  •  
Credit Card Fee
Inquire
Cleaning Fee
$120.00
Licesnes & Permits (Annual)
$400.00
Advertising & Tech Costs (Annual)
Inquire
Yard & Pest Control (Annual)
Inquire
Pool & Spa Maintinence (Annual)
Inquire
Electricity (Annual)
Inquire
Water/Sewer (Annual)
Inquire
Cable/Interbet (Annual)
Inquire
Accounting Fee (Annual)
Inquire
Property Taxes (Annual)
$7,852.00
Homeowner's Insurance (Annual)
Inquire
Short Term Rental Insurance Rider (Annual)
Inquire
CDD Fee (Annual)
Inquire
Annual Homeowner's Association Dues
$1,800.00
Additional Membership Fees (Annual)
$500.00
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.

LOCATION MAP VIEW

Listing Source: La Rosa Realty of Greater Fort Lauderdale , 5617351103

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