Description
Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $175 per day, based on similar listings in the area. Estimated short-term cap rate of 19.9%. There have been a number of improvements to this property since the last owner. This is a bit unique as there's another house on the property that is unfinished that is included with this parcel. There's tons of opportunity with this! 2 main floor units are currently rented at 615/mo (through 6/24) and 119/mo (through 7/24). 1,190 is the total monthly cash flow (16,920 per year cash flow). Here's a breakdown of the tenants expenses: 820 Howard: $575/mo rent, gas: $35/mo, water: $25/mo, sewage: $25/mo, trash: $5/mo, utility admin fee $6/mo, liability to landlord $9.50/mo, and insurance admin fee is $4.50/mo for a total of $685/mo 822 Howard: $575/mo rent, gas: $35/mo, water: $25/mo, sewage: $25/mo, trash: $5/mo, utility admin fee $6/mo, liability to landlord $9.50/mo, and insurance admin fee is $4.50/mo, and pet rent of $40/mo for a total of $725/mo. Tenants pay their own electric (all on separate meters). The vacant pictures are the units upstairs. The seller has never lived in the home and he's motivated to sell!
Property Information
Airbnb Avg Daily | See Full Details |
Occupancy Rate | See Full Details |
Monthly HOA | $0 |
Rental Policy | daily |
Yearly Taxes | $3545 |
Bedrooms | 4 |
Bathrooms | 4 |
SQFT | 2,118 |
Furnished | unknown |
Year built | |
Listing Status | Off Market |
MLS | 202337783 |
