Investment Property at 1115 3rd Ave N, Jacksonville Beach, FL 32250 - $-5,484 Profit
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Description

Investment Opportunity: Active on the Market: Resideline estimates that this property can be rented on Airbnb for an average of $226 per day and long-term for an average of $3,460 per month, based on similar listings in the area. Estimated short-term cap rate of -0.1%. Estimated long-term cap rate of -0.9%. This charming bungalow retreat features original wood floors, a spacious 3 bedrooms and 2 baths with add'l 2 walk in closets. Many upgrades include newer 200 amp electric panel, rewired older electrical, upgraded sewer pipe to the street, newer French doors from the large primary bedroom, oversized primary bathroom with walk in closet, garden jet tub and newer glass shower. New ceiling fans installed in 3 rooms. The front screened porch and rear open porch have new Trex boards for easy maintenance. A new roof is being installed in April. Enjoy natural light through elegant faux wood blinds for a modern but beach feel. The new outdoor enclosed shower has H&C water and large shed in back allow for extra storage. Gonzalez Park is 1 house east and just had major renovations including a pickleball court, basketball, 2 covered children's playground areas and baseball field. The perfect blend of character and comfort, just blocks from the beach. Photos are from AB&B a few years ago.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$8692
Bedrooms
3
Bathrooms
2
SQFT
1,545
Furnished
N/A
Year built
1941
Listing Status
Active
MLS
2081491

Short-term Rental Potential
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$46,452

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$388

Price/SQFT

Long-term Rental Potential
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$41,520

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$3,460/mo

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