Description
Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $154 per day and long-term for an average of $2,559 per month, based on similar listings in the area. Estimated short-term cap rate of -2.0%. Estimated long-term cap rate of -1.5%. Enjoy direct access to Back Bay from the dock of this sensational ranch home in Ocean Lakes! The backyard is a gardener's delight with a blue stone patio and native plants galore! Home is beautiful and well cared for with a covered front porch, custom solid wood front door, Hardy board siding, heated floors under the living room, primary bedroom and sunroom LVT floors, gas fireplace with stone surround. Most windows, roof, and siding have been replaced in the past few years. It has an open layout with lots of natural light. Solar panels (installed in 2021) were paid off and have kept the power bill under $10/month. Tons of storage space in the floored attic. There is even a deck house with electricity, water hookups and an outdoor shower! Includes a private dock and an additional floating dock. This is the home on the water that you have been searching for - at an affordable price in Virginia Beach!! Bring your boat and fishing gear!
Property Information
Airbnb Avg Daily | See Full Details |
Occupancy Rate | See Full Details |
Monthly HOA | $35 |
Rental Policy | daily |
Yearly Taxes | $4184 |
Bedrooms | 3 |
Bathrooms | 2 |
SQFT | 1,760 |
Furnished | N/A |
Year built | 1989 |
Listing Status | Off Market |
MLS | 10573501 |
