275 NE 89th St - AirBNB legal, Remodeled

275 NE 89th St, El Portal, FL 33138
275 NE 89th St EL PORTAL, FL 33138
4 bedrooms
3 bathrooms
Living Area: 1,838 Sq.Ft
Lot Size: 0.1596 acres / 6,950 sf
Frontage: 50 ft Depth: 139 ft
The property is listed for $1,199,000

There is no pool. Adding one would cost about $40,000 and should increase revenues.

It is currently being run as a legal AirBNB
It currently averaged revenues of about $15,000 per month in short term rentals (plus cleaning fees). The current owner can provide documentation showing this. 
The property has been remodeled.
The property could probably be rented for about $8,000 per month on an annual lease. 
With good credit you can buy with 20% downpayment ($240,000)
Your monthly payment, mortgage, taxes and insurance would be less than $5000/month
Pay $240k to make a monthly positive cashflow of $10k/month

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