Under contract-accepting backup offers. Welcome to Sunny Palm Cottage, an exceptional turnkey opportunity for Airbnb investors! This chic 3-bedroom, 1-bathroom haven is designed to maximize income potential while providing guests with a stylish stay. Sold fully furnished and professionally staged, this property stands out in the competitive short-term rental market.
Financially, it has shown impressive performance, generating over $46. 5k in revenue in the past year and $26. 5k in the last 6 months, with projected earnings for 2024 reaching $60k. These figures are especially notable given the property's short one-year tenure on Airbnb and the time initially required to ramp up through earning good reviews and future bookings. With an outstanding Airbnb rating of 4. 85 stars, guests consistently rave about their experiences.
The home has been extensively updated with major upgrades within the last year, including a new roof, water heater, kitchen appliances, AC system, and even the hot tub motor and cover. Outside, an inviting oasis awaits with a hot tub, fire pit, and outdoor dining area—perfect for relaxation and entertainment. Family-friendly amenities, a fully stocked kitchen, garage access, and laundry facilities further enhance its appeal.
Currently operating as a licensed Airbnb managed by a local Superhost, Sunny Palm Cottage boasts secured future reservations, promising immediate income and a proven success record. Don’t miss out on this lucrative and charming investment opportunity—secure your stake in Sunny Palm today and start enjoying the sunny returns!
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Our Executive Mortgage Banker:
Our Insurance Division:
$434,900
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $347,920 | $347,920 | $347,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $445 | $445 | $445 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,315 | $2,312 | $2,983 |
Total Monthly Payment | $2,835 | $2,832 | $3,503 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.