Off-Market Property at 301 Penman Rd, Atlantic Beach, FL, 32266

301 Penman Rd, Atlantic Beach, FL, 32266

$560,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $299 per day and long-term for an average of $2,854 per month, based on similar listings in the area. Estimated short-term cap rate of 4.0%. Estimated long-term cap rate of -1.6%. Indulge your beachside fantasies with this enchanting Neptune Beach retreat! This immaculate home invites you to embrace coastal living at its finest. Bask in the sun-drenched ambiance of the open floor plan, where natural light dances playfully throughout. The expansive kitchen boasts gleaming stainless steel appliances and exquisite cabinets, providing both functionality and elegance. With three generously sized bedrooms thoughtfully arranged in a split plan, privacy and comfort are assured for all. Inside, discover a spacious laundry room offering ample storage solutions. A single-car garage at the front and a sprawling two-car garage at the rear ensure plenty of space for both vehicles and belongings. Nestled on a sprawling lot, this home is an oasis of tranquility, boasting a secluded fenced backyard perfect for unwinding after a day of seaside adventures.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$7372
Bedrooms
3
Bathrooms
2
SQFT
1,434
Furnished
unknown
Year built
1971
Listing Status
Off Market
MLS
2011984

Short-term Rental Potential
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$65,280

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$390

Price/SQFT

Long-term Rental Potential
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$34,248

Revenue
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Cap rate
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$2,854/mo

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