Property Information

Type of the unit:

Unit price:

$650,000

Furnishing & Repair:

$100,000

Contract period:

09.2022
— 05.2023

Developer:

District:

Price per sqft:

Сompletion date:

Prepare to be captivated by this 3 bedroom, 3 bathroom home! You have found the perfect vacation home or investment property , complete with a double master suite. Located just minutes away from the world-renowned Siesta Key Beach, this home is ideal for use as a monthly rental. Nestled just one home away from the Bay, this hidden gem offers an additional loft that is sure to take your breath away. Whether you envision it as an office, a cozy den, or a personal escape for some much-needed "me" time, the awe-inspiring view from this room will never cease to amaze. Imagine starting your day on the balcony, savoring a steaming cup of coffee while being mesmerized by the tranquil beauty of the sunrise. And as the day draws to a close, you can look forward to capturing those magical sunsets over the water, right from the comfort of your own home. As you pull up to your new abode, you'll be greeted by a charming paver driveway and a picturesque pathway adorned with mature, lush landscaping. It's a welcoming sight that sets the stage for the incredible interior that awaits you. Calling all culinary enthusiasts and entertainers extraordinaire! The kitchen in this home is an absolute dream come true.

What’s Special

Property Facts & Features

Purchase Price: $619,000
Bedrooms: 3
Bathrooms: 3
Sqft: 2 009 ($308/sqft)

Property Details

Revenue: $97,090/yr
Cap Rate: 12%
Gross Yield: 15.7%
Cash-on-Cash: 16.3%

Returns

Revenue: $97,090/yr
Average Daily Rate: $739
Occupancy Rate: 65%

Rental Estimate

Average Studio Values: $414,152
Average Revenue: $46,984/yr
Average Occupancy: 46%
Number of studio rentals: 415

Район Market Data

Rental Estimate

High

$16.4k

Average

$8.1k

Low

$3,143