28601 Ono Blvd Orange Beach, AL 36561-3686
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,829 sqft
Price per Sqft $346
Bedrooms 4
Full Baths 6
Lot Size 2.798 Acres
Property Description
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.
Projected annual rent:
$60,000
Property Tax:
$5,075
Insurance:
$5,700
Regular Maintenance:
$5,200
Reserves for Replacement:
$3,100
Annual Expenses:
$9,490
Net Operating Income:
$47,905
CAP Rate:
6.2%
What Sets It Apart
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.
Investor HIghlights
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.
Location
State AL
County Baldwin