Off-Market Condo: 04 at 2221 Cypress Island Dr, Pompano Beach, FL, 33069

2221 Cypress Island Dr, Pompano Beach, FL, 33069

- #204

$225,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $222 per day and long-term for an average of $2,299 per month, based on similar listings in the area. Estimated short-term cap rate of 1.9%. Estimated long-term cap rate of 0.3%. 2 Bed 2 Bath Waterfront condo. Light and bright. Beautiful lake view from your large screened balcony. This spacious unit features an open floor plan and large master suite with serene water views. Full size washer and dryer is included. Amenities include Resort style heated pool & hot tub, Sauna, tennis courts, racket ball, billiards, gym, clubhouse, playground, BBQ and entertainment area. Pet friendly and close to Golf, casino, beaches and I 95. All ages welcome. ***No lease for the first 2 years - HOA requires 10% in escrow and 670 minimum credit score.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$678
Rental Policy
daily
Yearly Taxes
$4403
Bedrooms
2
Bathrooms
2
SQFT
1,140
Furnished
unknown
Year built
1987
Listing Status
Off Market
MLS
RX-10975530

Short-term Rental Potential
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$31,128

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$197

Price/SQFT

Long-term Rental Potential
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$27,588

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$2,299/mo

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