Off-Market Property at 437 NE 1st St, Pompano Beach, FL, 33060
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437 NE 1st St, Pompano Beach, FL, 33060

$522,500

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $456 per day and long-term for an average of $4,250 per month, based on similar listings in the area. Estimated short-term cap rate of 9.9%. Estimated long-term cap rate of 0.6%. LUXURIOUS Key West Style Corner Townhome located only 2 miles from Pompano Beach. The townhome is an end unit allowing for plenty of sunlight throughout the home. Kitchen with granite countertops, SS Appliances (2022-2024), and a center island with an extra sink. Owner Suite boasts dual closets and a large bathroom with dual sinks. The A/C was replaced last year and appliances were replaced within the past 2 years. The pet-friendly community, each home has its own private fenced patio! The 4th bedroom is currently being used as a game room/office. Lots of free guest parking along the front of the complex. 2 car garage. FEE SIMPLE TOWNHOME. 5% down. HOA: Insurance, exterior, roof, landscaping, lawn, driveway

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$625
Rental Policy
daily
Yearly Taxes
$7135
Bedrooms
4
Bathrooms
4
SQFT
2,104
Furnished
unknown
Year built
2006
Listing Status
Off Market
MLS
F10431971

Short-term Rental Potential
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$99,900

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$248

Price/SQFT

Long-term Rental Potential
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$51,000

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$4,250/mo

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