Off-Market Property at 1229 Spring Lite Way, Orlando, FL, 32825

1229 Spring Lite Way, Orlando, FL, 32825

$355,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $199 per day and long-term for an average of $2,536 per month, based on similar listings in the area. Estimated short-term cap rate of 5.0%. Estimated long-term cap rate of 1.5%. !!!! Great Opportunity for first buyers with NO HOA!!!! Nice property ready to move into. This 3 bedroom 2 and a half bath home will not last long. Bedrooms are all upstairs and the master bedroom is huge. NEW ROOF 2023, AC 2022, the shower in Master Modern with lights a music system. Solar panels system that allow you to have a low electricity bill (Buyer needs to qualify for financing). Wetbar with wine cooler, back yard is fenced, ready and perfect for entertaining. Huge screened in Lanai. !!!!!NO HOA, NO CDD!!!!. Nice, quiet area. Conveniently located to 417 and University of Central Florida. EZ to see schedule your showing today. Camera system 24/7.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$2378
Bedrooms
3
Bathrooms
3
SQFT
1,488
Furnished
unknown
Year built
1984
Listing Status
Off Market
MLS
S5102148

Short-term Rental Potential
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$42,768

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$238

Price/SQFT

Long-term Rental Potential
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$30,432

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$2,536/mo

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