Potential Venue Home that Cashflows as a STR

1.2 Acres with a Guest Home.

Author

Ryan Anstett
August 14, 2023

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Seminole, FL

Listed by Thomas Shelly | Sunshine Home Sales

This elegant, custom-built, 5 bedroom, 3.5 bath single family home sits on just over 1.2 acres of land, and with over 3,700.sq. ft of living space, the inside is just as spacious as the outside! There are 2 master suites - 1 on the downstairs level and a 2nd one upstairs. You will also have the luxury of a separate 1 Bedroom 1 Bath guest house that is approximately 500 sq. ft. It has an attached oversized garage that could be a workshop, artist s...

Property Details

  • $1,599,000

  • 5 Bedrooms/4 Baths

  • Average Daily Rate: $818

  • Occupancy Rate: 68%

Projections

  • Down Payment: $319,800

  • Cash to Close: $387,530

  • Monthly Income: $16,919

  • Monthly Expenses: $14,652

  • Monthly expected cash flow: $2,267

  • Expected cash on cash return: 7.02%

  • Property Value in 10 Years $2,504,668

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