Off-Market Property at 1420 E Terra Mar Dr, Pompano Beach, FL, 33062

1420 E Terra Mar Dr, Pompano Beach, FL, 33062

$1,799,999

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $389 per day and long-term for an average of $7,350 per month, based on similar listings in the area. Estimated short-term cap rate of -2.4%. Estimated long-term cap rate of -2.3%. Amazing opportunity to own deepwater home east of the intracoastal with no fixed bridges in sought after Terra Mar Island. Property is located a short walk to the beach and less then 2 miles by boat to Hillsboro Inlet. This gorgeous open floor plan home has a luxury kitchen with a large Sub-Zero refrigerator, gas stove, and Dacor Oven. Heated Pool with Pebble Tec finish. Water views from almost every room. New 60ft dock built in 2021 with 30/50 amp power pedestal.75ft of water frontage. House is tastefully decorated in a coastal theme. It is being sold fully furnsihed and able to be rented short term immediatley. Master bedroom offers King Bed with ensuite master bath with jetted jacuzzi and double headed shower. Second bedroom has a queen size bed, ensuite bathroom, and waterviews.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$15067
Bedrooms
3
Bathrooms
2
SQFT
2,150
Furnished
unknown
Year built
1955
Listing Status
Off Market
MLS
F10428195

Short-term Rental Potential
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$87,396

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$837

Price/SQFT

Long-term Rental Potential
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$88,200

Revenue
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Profit
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Cap rate
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Cash on Cash
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$7,350/mo

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