Off-Market Property at 717 SW 2nd Dr, Pompano Beach, FL, 33060

717 SW 2nd Dr, Pompano Beach, FL, 33060

$435,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $364 per day and long-term for an average of $3,100 per month, based on similar listings in the area. Estimated short-term cap rate of 10.8%. Estimated long-term cap rate of -0.1%. This 3 Bed 2.5 Bath Corner Unit Townhouse Features a Modern Updated Master Bath, Vinyl Floors on Stairs and Second Floor, All Tile on First Floor, Hurricane Impact Rated Windows and Doors, 2014 Build, Granite Counter Tops, and Upgraded Light Fixtures. Orchid Grove is a Dog Friendly Neighborhood Conveniently Located on the Border of East Pompano and Fort Lauderdale. Amenities Include A Beautiful Boardwalk with Walking/Jogging Path, Community Pool, Fitness Center, and Clubhouse. Low Maintenance of $285 per month Includes Cable TV, Internet, and ADT Security.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$285
Rental Policy
daily
Yearly Taxes
$6568
Bedrooms
3
Bathrooms
3
SQFT
1,586
Furnished
unknown
Year built
2014
Listing Status
Off Market
MLS
F10429065

Short-term Rental Potential
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$84,672

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$274

Price/SQFT

Long-term Rental Potential
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$37,200

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$3,100/mo

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