Off-Market Property at 405 Royal Palms Dr, Atlantic Beach, FL, 32233

405 Royal Palms Dr, Atlantic Beach, FL, 32233

$699,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $356 per day and long-term for an average of $3,125 per month, based on similar listings in the area. Estimated short-term cap rate of 5.2%. Estimated long-term cap rate of -1.6%. Beautifully updated beach bungalow in Atlantic Beach. This home has a spacious open concept kitchen, living and dining area. The kitchen features leathered granite countertops, stainless steel appliances and a large island overlooking the living room and out to the tropical backyard. Featuring a split floor plan, a very large primary suite is located at one end of the home with a stunning en suite bathroom and large walk-in closet. The remaining 3 bedrooms and 2 bathrooms are on the opposite side of the home with a second ensuite bedroom and bathroom setup. The backyard is expansive and half of it has been converted into a putting green and patio that is perfect for entertaining.

Property Information
Airbnb Avg Daily
See Full Details
Occupancy Rate
See Full Details
Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$4179
Bedrooms
4
Bathrooms
3
SQFT
1,504
Furnished
unknown
Year built
1962
Listing Status
Off Market
MLS
2014764

Short-term Rental Potential
arrow_drop_up

$84,864

Revenue
Expenses
See Full Details
Profit
See Full Details
Cap rate
See Full Details
Cash on Cash
See Full Details
arrow_drop_up

$464

Price/SQFT

Long-term Rental Potential
arrow_drop_up

$37,500

Revenue
Expenses
See Full Details
Profit
See Full Details
Cap rate
See Full Details
Cash on Cash
See Full Details
arrow_drop_up

$3,125/mo

Rent