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
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%
2 Bedrooms
1 Baths
Sold
