Flamingo Marina Real Penthouse 133
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Rental Grade
Rentability:
A
Avg. Daily Rate:
B+
Occupancy:
A
Location Grade
Beach:
A+
View:
A+
Location:
A+
Property Details
Investment Info
Price:
ROI:
Flamingo Marina Real Penthouse 133 Overview
Property Description: *Sale Pending as of 19th Feburary
This property is a 3-bedroom, 2 storey penthouse condo in Flamingo Marina. This property is currently pending sale. The property is decorated, furnished and very well equipped with all amenities.
The property is in a great location, and the condo is already listed on Airbnb, so assuming one can achieve similar or better results with no renovations, one could achieve a daily rate of roughly $236, and an occupancy of at least 47%, the estimated return is around $47,000 in the first year of ownership, or between a 5% and 6% return on investment. In comparison to other condos in the same complex and Marina development area, this investment would benefit from a lowering of daily rate.