Off-Market Property at 2448 Whitman St, Chesapeake, VA 23321

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $170 per day and long-term for an average of $2,100 per month, based on similar listings in the area. Estimated short-term cap rate of 6.5%. Estimated long-term cap rate of 0.1%. Great home with functional floor plan. First floor primary bedroom and two spacious bedrooms upstairs, all with their own bathroom and huge walk-in closets. Beautiful kitchen with long breakfast bar and stainless steel appliances. Enjoy your morning coffee on the oversized fenced-in patio which includes a storage shed. Imagine no lawns to mow, no exterior building maintenance, no water bill, it's all included in the monthly condo fee. Just come home and relax or sit by the pool. Convenient to interstates, Western Branch Park, shopping, restaurants, and next to Russell Memorial Library. Ideal location for military personnel with approximately 20 minutes to Naval Station Norfolk and 25 minutes to Joint Expeditionary Base Little Creek.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$241
Rental Policy
daily
Yearly Taxes
$2807
Bedrooms
3
Bathrooms
3
SQFT
1,329
Furnished
N/A
Year built
2020
Listing Status
Off Market
MLS
10578451

Short-term Rental Potential
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$44,328

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$225

Price/SQFT

Long-term Rental Potential
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$25,200

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$2,100/mo

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