Off-Market Property at 1939 E Solano Dr, Phoenix, AZ 85016

1939 E Solano Dr, Phoenix, AZ 85016

$775,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $246 per day and long-term for an average of $2,948 per month, based on similar listings in the area. Estimated short-term cap rate of -0.1%. Estimated long-term cap rate of -2.3%. All of the WOW has been covered from top to bottom in this gorgeous brick home in a beloved central Phx neighborhood! Welcoming and warm 3x2 with an expansive covered patio overlooking a lovely diving pool. Updates and upgrades are everywhere. AC a year old. All exterior doors (3) replaced. New irrigation lines in watering system. New gates. (4) Bonus room updated w/removal of dated fireplace and tile platform to open the space for far more design possibilities. Re-insulated attic for energy efficiency. In addition, this home has Milgard windows, updated flooring, tankless hot water, newer pool equipment, newer roof... Charming updates to the kitchen with gas cook top and granite counters all in a space filled with light. Such a beautiful gem! Furniture can be included. Make this yours!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$3862
Bedrooms
3
Bathrooms
2
SQFT
1,581
Furnished
N/A
Year built
1952
Listing Status
Off Market
MLS
6838209

Short-term Rental Potential
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$52,668

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$490

Price/SQFT

Long-term Rental Potential
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$35,376

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$2,948/mo

Rent