AIR BNB MONEY MAKER

  • House
    750 acre
    bedroom 2 Bedrooms
    bathroom 1 Baths
  • Rental
    $104,900 0
    Status : Sold
    Year Built : 1967
 Description
The subject property is located in Daytona Beach. We feel that it would make an excellent rentalbecause it is the 3rd cheapest 2-bedroom condo in all of Daytona Beach (by PPSF). It can be purchased for 99.9k, it doesn’t need anything in repairs as a rental, so you would be all into the project for roughly 104k.  The rental comps of beach condos in the area, lead us to believe this property has a nightly rate of 95 per night or 900/mo.  This means an investor can walk away with an estimated net profit of 20% gross ROI from Air BnB and/or 8.64% gross ROI from rental income.
  • Comes fully furnished and sleeps 5 people
  • Recently updated throughout
  • Kitchen appliances included
  • Complimentary linens & towels and free Wi-Fi
  • No minimum lease periods and No rental restrictions 
  • Allows one pet (15-35 lbs)
  • High season rate as high as $130 per night
  • From 01/01/2017-12/31/2017, grossed 22k on Air BNB
    • 243 nights rented out
       
Rent Rehab: None

Avg Nightly Rent = 95 per night
(20 days x 95) = 1,900 – 152 HOA = 1,748
Gross ROI = 20.19% 
 
Avg Monthly Rent = 900/mo 
900 – 152 HOA = 748
Gross ROI = 8.64%
 Rehab Work Needed
 General Amenities
 Distance

 Summary

Overview
AIR BNB MONEY MAKER Sold
$104,900
Property ID: FL190177443
Address: Login to View
City: Daytona Beach
State/Province: FL
Zip Code: 32118
Country: USA


Rental Analysis

+ Purchase Price: $104,900
+ Purchase Closing Cost: $3,147
+ Rehab Cost: $0
Total Acquisition Cost: $108,047


Monthly Rent: $900
+ Annual Potential Rent: $10,800
- Vacancy (0%): $0
Annual Gross Income: $10,800
Annual Gross ROI: 10%


 Message

3 X 3 = ?