Sunset Heights 301
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Rental Grade
Rentability:
A
Avg. Daily Rate:
B+
Occupancy:
B+
Location Grade
Beach:
A+
View:
A+
Location:
A+
Property Details
Investment Info
Price:
Renovation Costs:
ROI:
Sunset Heights 301 Overview
Property Description:
Sunset Heights 301 is a newly remodelled 2-bedroom, 2-bathroom condo in Playa Flamingo. Its prime location next to the new Flamingo Marina means great accessibility to premium amenities, restaurants, shopping, and endless activities. The condo is an “open-concept living, dining, and kitchen area” that leads to a large veranda/balcony. The living room has new seating, including a sleeper sofa. The adjacent kitchen has granite countertops and comes fully stocked, also with a full washer/dryer. The master bedroom has a king bed and ensuite bathroom, also with ocean views and access to the veranda. There is also a guest bedroom with 2 queen beds. The Sunset Heights Condominium has amenities, including two pools and a gym, and is within walking distance to shops, restaurants, and the Flamingo beach.
Using data from the comparable properties in the condominium, and ones surrounding Sunset Heights, a fair daily rate for the vacation rental would be $225, and could achieve an occupancy of 60%. That is an annual return of roughly 5.6%, roughly $50,000. This assumes no additional investment as this condo is in good condition for vacation rentals.