Off-Market Property at 570 SE 11th St, Pompano Beach, FL, 33060

570 SE 11th St, Pompano Beach, FL, 33060

$1,699,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $396 per day and long-term for an average of $7,200 per month, based on similar listings in the area. Estimated short-term cap rate of -1.1%. Estimated long-term cap rate of -1.7%. Welcome to your waterfront oasis located in a quiet cul-de-sac, in Pompano Beach, Florida! This exquisitely renovated light and bright three-bedroom, two-bath residence features 150 feet of water frontage, Brand New impact windows & doors throughout, beautifully remodeled bathrooms and kitchen, and a resort-style freeform heated pool with expansive water views. Experience effortless indoor-outdoor living with an open floor plan that seamlessly extends from the family room to the large covered patio. Perfectly situated on an oversized waterfront lot close to beaches, shopping, and nightlife, this property offers ocean-accessible navigable waters under 1 fixed bridge with 13-14 feet clearance at low tide and 10-11 feet at high tide.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$7149
Bedrooms
3
Bathrooms
2
SQFT
1,906
Furnished
unknown
Year built
1968
Listing Status
Off Market
MLS
RX-10974389

Short-term Rental Potential
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$96,504

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$891

Price/SQFT

Long-term Rental Potential
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$86,400

Revenue
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Profit
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Cap rate
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Cash on Cash
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$7,200/mo

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