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Financial Buyer Best Choice: 2741 Sandpiper Road, Va. Beach, VA
This popular vacation rental cottage in Sandbridge has averaged $65,000 in gross annual rental income for the last 4 years. Listed at $545,000 this cottage provides an 8.2% cash on cash return on investment for buyers putting 25% down and borrowing the balance. Projected expenses are $31,000 per year based on the $65,000 average gross rental income.
Own your own beach house and earn over 8% on your money. Prices in Sandbridge are at a point that appears to be the market bottom. This Return on Investment (ROI) doesn’t include any income that may be realized as the property increases in value.
The backyard of this property adjoins the Back Bay National Wildlife. Enjoy sunsets over the refuge. Easy beach access. Large pool. Fully furnished and equipped turnkey investment. Ideal 1031 tax deferred exchange property.
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