Off-Market Property at 226 Fordham Dr, Lake Worth Beach, FL, 33460

226 Fordham Dr, Lake Worth Beach, FL, 33460

$675,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $258 per day and long-term for an average of $3,270 per month, based on similar listings in the area. Estimated short-term cap rate of -1.1%. Estimated long-term cap rate of -1.8%. College Park Gem. Spacious 2/2 + Florida Room & attached roofed screened porch used as an outdoor living space. This owner has installed all new impact doors, windows, garage door, new roof, updated the baths and kitchen. Tile and wood flooring, crown moulding, plantation shutters, gas cooking and tankless hot water, wine fridge, updated electric panel. Ready to move in and plenty of room for a sparkling pool. Bike to downtown or the beach, play golf, or visit the many downtown shoppes and restaurants. No work to do!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$8271
Bedrooms
2
Bathrooms
2
SQFT
1,345
Furnished
unknown
Year built
1981
Listing Status
Off Market
MLS
RX-10957057

Short-term Rental Potential
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$44,028

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$501

Price/SQFT

Long-term Rental Potential
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$39,240

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$3,270/mo

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