Off-Market Property at 605 S Alder Ave, Orlando, FL, 32807

605 S Alder Ave, Orlando, FL, 32807

$359,900

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $194 per day and long-term for an average of $2,090 per month, based on similar listings in the area. Estimated short-term cap rate of 4.0%. Estimated long-term cap rate of -0.4%. Beautifully updated home in Englewood Park ready for a new family. The house is located on a corner lot with a nice big yard with two sheds, and includes a second driveway along Lyons St. 2024 updates include all new windows, full kitchen renovation with new custom shaker cabinetry, quartz counters, designer backsplash, and stainless steel appliances, electrical updates, paint inside and out, refinished original hardwood flooring, new luxury vinyl plank flooring everywhere that is not original hardwoods, new light fixtures throughout, bathroom updates with new vanities, toilets, light and plumbing fixtures, and tile refinishing, hand built wood railing, landscaping, among much more. Roof was replaced new in 2022. NO HOA!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$3556
Bedrooms
3
Bathrooms
2
SQFT
1,364
Furnished
unknown
Year built
1959
Listing Status
Off Market
MLS
O6186377

Short-term Rental Potential
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$40,932

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$263

Price/SQFT

Long-term Rental Potential
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$25,080

Revenue
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Profit
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Cap rate
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Cash on Cash
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$2,090/mo

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