The property is currently privately managed by the owners on VRBO/Airbnb, plus long-term leases. They can show proof of past performance with ~$140,000/year in rental income and ~$110,000/year net after expenses.
Seabreeze Vacation Rentals estimates the front 3b2b at $59,474/year net and the back 2b1b at $40,005/year net to the owner. Total of $99,479/year net in vacation rental income.
This pro forma does not include the non-conforming studio in the lower back which is currently adding another $17,700/year in rental income.
Illustrated rates are based on past performance. Rates are subject to change, past results are not a guarantee of future results or earnings.
Seabreeze Vacation Rentals estimates $59,475/year net for this unit.
Illustrated rates are based on past performance. Rates are subject to change, past results are not a guarantee of future results or earnings.
Seabreeze Vacation Rentals estimates $40,005/year net for this unit.