Off-Market Condo at 19994 Sandy Bottom Cir, Rehoboth Beach, DE 19971
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19994 Sandy Bottom Cir, Rehoboth Beach, DE 19971

Unit - #8105

$524,900

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $180 per day and long-term for an average of $1,850 per month, based on similar listings in the area. Estimated short-term cap rate of 0.3%. Estimated long-term cap rate of -3.0%. Your coastal retreat awaits! You must see this beautifully renovated, bright and spacious first floor unit located East of Rt 1. This unit is located in the Tides community backing to the Breakwater Junction Trail, connecting Rehoboth to Lewes. Nearby attractions such as downtown Rehoboth Beach & boardwalk, Tanger outlets, wonderful restaurants & markets can be accessed easily by car, bike or a short walk. Easy entry to the home from the parking lot and a convenient bike storage area in front of the unit for quick access. Plenty of parking in the community. You will experience the coastal charm as you enter and see the luxury vinyl plank flooring that connects the living spaces. A glass sliding door allows natural light to fill the living space while providing access to an inviting screened-in porch with a private wooded view. The kitchen features upgrades that include all new stainless steel GE profile appliances and sink. The primary bedroom features a ceiling fan, walk in closet and ensuite bathroom w/shower stall. The second bedroom offers privacy, ceiling fan & double closet. There is a hall bathroom and laundry area with newer washer/dryer. This gated community offers private access to the Trail, beautiful pool & hot tub. This location offers a blend of tranquility and accessibility. Everything is around the corner! This is a wonderful opportunity for a home or investment at the Beach!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$300
Rental Policy
daily
Yearly Taxes
$729
Bedrooms
2
Bathrooms
2
SQFT
1,120
Furnished
N/A
Year built
2004
Listing Status
Off Market
MLS
DESU2068542

Short-term Rental Potential
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$39,180

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$468

Price/SQFT

Long-term Rental Potential
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$22,200

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,850/mo

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