Off-Market Property at 7302 S Faul St, Tampa, FL 33616

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $197 per day and long-term for an average of $5,550 per month, based on similar listings in the area. Estimated short-term cap rate of -1.3%. Estimated long-term cap rate of 1.2%. Under contract-accepting backup offers. NO IMPACT FROM RECENT HURRICANES. Come check out the transformation of this home, you have to see it to believe it! This Lennar built, Georgia model, located in the highly affluent neighborhood of SouthPort in the Port of Tampa, has been completely redone. Shows like a model home. 4 bedrooms, master is downstairs, 3 bedrooms upstairs with large second family room or loft. 2 bedrooms upstairs are connected by a Jack and Jill bathroom. 3rd bedroom has access to to a large private bath. Here are some of the many features of this home, Driveway expanded with extra pavers, front door has been upgraded with a glass panel. All of the flooring has been changed, luxury vinyl flooring throughout the home. Expanded the kitchen and added bigger island with more cabinets. Crown molding, pull out shelves, bigger sink, new cabinet pulls and added beverage fridge. Changed all the plumbing fixtures in the entire house. Upgraded all bathrooms with additional tile and new vanity in the downstairs half bath. All lighting was upgraded, ceiling fans added throughout the house. Cabinets and utility sink added to laundry room. Removed wall at the top of the stairs and added wood and wrought iron banister. Added fireplace in family room. Added feature wall in Master Bedroom. Custom closet in Master Bedroom. Added Wainscoting downstairs and goes up the stairs to the second floor. Removed doors in certain areas and added barn doors for functionality. Added shutters to the entire house. Added pavers to back porch and yard. Painted the entire downstairs 5 months ago. Extra storage added under the stairs. All bedrooms have walk in closets.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$51
Rental Policy
daily
Yearly Taxes
$6114
Bedrooms
4
Bathrooms
4
SQFT
2,782
Furnished
N/A
Year built
2020
Listing Status
Off Market
MLS
TB8315220

Short-term Rental Potential
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$47,040

Revenue
Expenses
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Profit
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Cash on Cash
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$283

Price/SQFT

Long-term Rental Potential
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$66,600

Revenue
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Profit
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Cap rate
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$5,550/mo

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