Price Reduced to $980,000! Prime Rental Investment: This luxury waterfront home near Ole River and the Gulf of Mexico is now available at a reduced price, offering a fantastic investment opportunity in a high-demand area.
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<a href="https://www.homes.com/property/28601-ono-blvd-orange-beach-al/h9m1012p9jbz1/" target="_blank">View property on homes.com<img class="prop-btn-vec" src="https://bucket.ywhdev.com/wl/?id=rWbNAf6NkPwAmR1lGr4xhlmds36PSHf8&fmode=open"/></a>
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This home is listed by Kim Ward at Kim Ward Realty </p>
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<p class="sec-txt-bld">Projected annual rent:</p>
<p>$60,000</p>
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<div class="sec3-head">Operating Expenses</div>
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<p class="sec-txt">Property Tax:</p>
<p>$5,075</p>
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<p class="sec-txt">Insurance:</p>
<p>$5,700</p>
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<p class="sec-txt">Regular Maintenance:</p>
<p>$5,200</p>
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<p class="sec-txt">Reserves for Replacement:</p>
<p>$3,100</p>
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<p class="sec-txt">Annual Expenses:</p>
<p>$9,490</p>
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<p class="sec-txt">Net Operating Income:</p>
<p>$47,905</p>
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<p class="sec-txt">CAP Rate:</p>
<p>6.2%</p>
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<p class="sec-txt-bld">What Sets It Apart</p>
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What Sets It Apart: Featuring 4 bedrooms, 4 full baths, 2 half baths, two master suites, and six balconies, this home is designed for both luxury living and high rental appeal. The outdoor kitchen, spacious living areas, and prime location make it a top choice for renters.
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<p class="sec-txt-bld">Investor HIghlights</p>
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Investment Highlights: Listed at $980,000, this property has the potential to generate over $60,000 in annual rental income, thanks to its location in a popular vacation destination. With steady demand for rentals in this area, it's a great opportunity for investors seeking strong returns.
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