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Financing Terms

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Successful Rental for Sale in Ocala

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Ocala, FL 34481

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$240,000
3
2
1,340
sq. ft.
$179
per sq ft
Heated sq ft: 1,075 sq ft
Avg Nightly Rate: $86
Home Legally Sleeps: 6
Occupancy Rate: 39 weeks
Annual Gross Income : 36935
Annual Net Operating Income : 29724
Property Type: Detached Single Family Home (Villa, Cabin, Cottage)
Ownership Type: Full (100%)
Seasoned Short Term Rental: Yes
Furnishings Included: Yes
For Sale By: Broker
Seller Financing: Will Consider
Niche: Business Stay, Couples/Romance, Equestrian, Nature, Pet Friendly
New Construction: Inquire
Days on Vrolio: 94

Property Description

Better than new construction! This 2022 built home has been used successfully as a short term rental since Dec '22 and is being sold fully furnished with future bookings! NET income for 2023 was $29,700 at 74% occupancy! With a 12% CAP rate, this makes an excellent investment for anyone interested in getting into the short term rental market or looking for a seasonal home that will pay the mortgage when you're not using it. Feb/Mar already has 33 nights booked with $7,300 gross, which passes to the new owner. Everything in this home was thoughtfully designed - granite countertops, luxury vinyl plank flooring throughout, and the kitchen is fully stocked with small appliances, dishware, and cookware. Smart TVs in both the living room and the master bedroom. There is a laundry closet off the hallway with a washer and dryer. The master bedroom has a king size bed, walk in closet, and on-suite bathroom with a walk in shower. The other two bedrooms have queen beds and share the hall bathroom which has a tub/shower combo. Well water and septic tank provides for low utility bills! Fantastic location nearby to the World Equestrian Center (10 minutes), HITS (18 minutes) and Florida Horse Park (35 minutes). Majority of guests are equestrians coming to horse events nearby. Numerous parks, springs, and nature sites less than 30 minutes away - including Silver Springs Sate Park and Rainbow River State Park. Owner may consider financing with at least 50% down.

Presented by:
Agent:
Rebecca Frate
Realty One Group Sunshine
Seller Financing
Will Consider
Distress Sale
None
Seller Financing Terms
Seasonal Nightly Rates
High: 285
Low: 60
Peak: 285
Special Event: 285
Avarage: 86.00
Furniture Age
2
Est Value of Furnishings
$10,000
Peak & High Seasons
January, February, March, July, August, December
Ownership Percentage
Full (100%)
Qualifies for foreign national visa
Not sure
Reason for Selling
Seller lives 2 hours away and wants to own a property closer
Foreign national buyer restrictions from government?
Not sure
Gross Annual Income
36935
Net Operating Income
29724
Stories
1
Additional Indoor Rooms
Attached Garage for No car, Living Room, Master Suite Down
Appliances
Dishwasher, Dryer, Electric appliances, Full stove, Microwave, Oven, Refrigerator, Washer, Other
Heating/Cooling
Central A/C (gas or electric), Central Heat (gas or electric)
Floor Coverings
Laminate Wood
Security
No
Security Description
Half Baths
Inquire
Master Suite(s)
Inquire
Energy Efficiency
Year built
2022
Outdoor Features
Porch - Not screened
View
No view
Backyard Exposure
Northwest
Lot Size
Large corner lot, just over 1/4 acre
Community Features
Not Located Inside Community
Tax Amount/Year
$2,736
CDD Amount
Inquire
Neighborhood
Inquire
Deed Restricted Community
No
Interview Required
No
Neighborhood Amenities
Not Located Inside Community
Mandatory HOA
Inquire
Home Legally Sleeps:
6
Onsite Parking
1 car garage with parking pad to fit 2 cars. Plenty of room on lawn for trailer or oversized parking.
Neighborhood Association STR Rules
Inquire
Municipality STR Rules
No restrictions documented by owner. Verification recomended
Transferrable Permit or License
Yes, Municipality Issuing New Permits
Rental Tax Info
$10.00
Minimum Nightly Rental
No Minimum
Rental Length Requirement
No Restriction
Has Rental History
Yes
Established Rental History
1 Year
Occupancy Rate
39
Being Sold with Bookings
Inquire
Caretaker Info
InquireCaretaker cannot stay and oversee the property
Bookings Placed By
Manager
Managed By
Manager
Management Bookings Percentage
$15.00
Caretaker Bookings Percentage
Inquire
Paid Booking History
Yes
Future Booking Calendar
Management Fees
Inquire
Caretaker Fees
Inquire
Sold with Marketing Collateral
No
Manager Cancellation Policy
Free to cancel any time
 
  •  
Credit Card Fee
$0.03
Cleaning Fee
Inquire
Licesnes & Permits (Annual)
$150.00
Advertising & Tech Costs (Annual)
$100.00
Yard & Pest Control (Annual)
$1,488.00
Pool & Spa Maintinence (Annual)
Inquire
Electricity (Annual)
$1,380.00
Water/Sewer (Annual)
Inquire
Cable/Interbet (Annual)
$840.00
Accounting Fee (Annual)
Inquire
Property Taxes (Annual)
$2,736.00
Homeowner's Insurance (Annual)
$766.90
Short Term Rental Insurance Rider (Annual)
Inquire
CDD Fee (Annual)
Inquire
Annual Homeowner's Association Dues
Inquire
Additional Membership Fees (Annual)
Inquire
Acquisition
Purchase price
Closing costs
Home Inspection
Furniture & Interiors Package
Rehab Work Estimates
Other
Total Capital Investment

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Income
Average Nightly Rent

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Weeks Rented (of 52)

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Booking Site Service Fees ($)

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Management Fee Annually

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Additonal Nightly Insurance Policy Annually

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Sales, Bed, Resort, Tourist Tax Annually ($)

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Cable/Internet

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Loan
Down Payment (%)

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Returns
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User understands this calculator is deemed reliable but not guaranteed. Vrolio makes absolutely no guarantees on returns or income. User should do their own due diligence and verify all data before making a purchasing decision. User understands that this is an educational tool only. We therefore accept no liability arising from any reliance made by any user or person to whom this information is made available to. Please use this tool at your own discretion and use caution always before buying any real estate investment.

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Listing Source: Realty One Group Sunshine, 727-359-1258

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