Off-Market Property at 616 N A St, Lake Worth Beach, FL, 33460

616 N A St, Lake Worth Beach, FL, 33460

$335,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $213 per day and long-term for an average of $2,624 per month, based on similar listings in the area. Estimated short-term cap rate of 4.4%. Estimated long-term cap rate of 2.1%. EXCITING OPPORTUNITY FOR INVESTORS! IN SOUGHT-AFTER LAKE WORTH BEACH! GORGEOUS RENOVATION JUST COMPLETED! MOVE-IN READY! This well-located 3-bedroom single-family house, built in 1953, will easily command a rental rate of $3,000 / month, from an annual tenant. Excellent return on investment! Just six blocks NORTH of Lake Ave., and walking distance to Highland Elementary. It boasts a large front driveway, generous back yard, and central a/c. The roof was recently replaced (in 2019), with proper permitting. Beautifully modernized interior, featuring stylish luxury-vinyl flooring. Carve out an additional bathroom or bedroom from the oversized living room, to earn even higher rent. Don't miss out on the chance to purchase this fantastic asset - schedule a viewing today!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$3183
Bedrooms
3
Bathrooms
1
SQFT
954
Furnished
unknown
Year built
1953
Listing Status
Off Market
MLS
RX-10979032

Short-term Rental Potential
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$39,180

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$351

Price/SQFT

Long-term Rental Potential
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$31,488

Revenue
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Profit
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Cap rate
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Cash on Cash
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$2,624/mo

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