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Archived over 7 years ago

$614,000

3 bd 3 ba 1796 sqft

28105 Perdido Beach Blvd, Orange Beach, AL 36561

Residential Condo

Current Rent **

$3,750

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Orange Beach Caribe Condo Rental Property

Pfabulous Penthouse located in popular Caribe Resort in Orange Beach AL - now only $614K! Have you always wanted to buy into paradise, but just not sure where to invest? This is it! If you don't know about the Orange Beach/Gulf Shores area, you are missing out! Orange Beach was just named #9 on the list of coolest towns in in America! And Caribe Resort is one of the coolest spots in this cool town! Every amenity you could hope for! Gaze at the Gulf of Mexico or watch the boats sail by from the Marina boardwalk! The Caribe units are rental winners! This unit currently rents for about $40K per year, but that can be boosted by at least $5K with a few updates. Yes, you can have it all!

Location:

28105 Perdido Beach Blvd, Orange Beach, AL 36561

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.