Invest in Short Term Vacation Rentals

Condo Hotel Redington Beach

Min lease 7 days

Annual Revenue $20,000, ROI 10%

Purchase Price $ 180,000 1 Bed 1 b Condo Hotel located right across Redington beach FL.

Down payment 30% $ 54,000

Projected Annual Income $20,000

Annual Expenses $ 15,000

Monthly expenses: $743 Mortgage +Taxes $166+Home Insurance $100+$HOA fee $507=$1,417

Annual NET $2,000-$5,000.

ROI: Cash on Cash Return 9%
Monthly expenses are minimal because HOA $507 covers: cable, internet, water and amenities.

Rental history of a STR 1 B 1 B Condo