Luxury Largo Airbnb Investment | 4BR, 6.4% Cap Rate

1995 Deborah Avenue Largo, FL 33770 

$699,000 | 4 Bedrooms | 2 Bathrooms | 6.4% Cap Rate

‍I'm Interested in this Property

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Listing: Awning - Redfin - Zillow

Airbnb Estimator: Awning

Market Data: Airbnb Market Data

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Welcome to your perfect Airbnb investment property, the ultimate combination of relaxation and luxury in Largo, FL! This stunningly remodeled 4 bedroom, 2 bathroom home is located in a highly desirable area and is sure to impress your guests from the moment they step inside.

The spacious, open floor plan seamlessly flows from one room to the next, with high-end finishes and elegant fixtures throughout. The backyard features a beautifully refurbished pool and gazebo, offering a private outdoor oasis perfect for morning coffee or evening cocktails.

Located just minutes away from Belleair Beach, Indian Rocks Beach, and Clearwater Beach, your guests will have easy access to the best beaches in the area. With endless opportunities for both relaxation and excitement, this home has everything your guests need to live their best life during their stay.

Not only is this property a luxurious retreat, but it also has the potential to generate income as a lucrative Airbnb rental. With its exceptional location and charming amenities, this property is the perfect investment opportunity for any homeowner.

In addition, this home is located in a top-rated school district and is just a short walk away from all of the nearby shopping, dining, and entertainment options, making it the ultimate convenience for any family.

Don't miss out on the chance to make this dream Airbnb investment property a reality. With its stunning design, prime location, and endless potential for income, this property is truly a once-in-a-lifetime opportunity. Come see it for yourself and fall in love with your new beachside oasis today!

The Airbnb Investment Financials

How much does the home cost?

$699,000

‍How much will it earn on Airbnb?

$7,800 per month

‍How much will it cost to furnish it?

According to our analysis, the furnishing estimate for this property is $32,200. This includes the cost of designing the space, the cost of furniture throughout the entire home, outdoor amenities that are shown to increase average daily rates (ADR), and the cost of shipping and assembly of furniture.

‍How much will it cost to renovate?

According to our analysis the estimated renovation cost for this property is $5,000. This is for additional repairs to improve the house's appearance and ensure the property is rent-ready.

‍How much cash can you take home in the first year?

According to the Awning Analysis provided in the listing, the estimated monthly Airbnb revenue for this property is $7,800. After deducting operating expenses, the net operating income for the first year is estimated to be $47,422. Assuming a mortgage payment of $38,101 per year, the estimated cash flow for the first year is $9,321. However, it's important to note that this is just an estimation based on certain assumptions and variables, and actual cash flow may vary.

‍What is the cap rate for this property?

The estimated cap rate is 6.4%.

‍All of the cap rates and returns for this property are estimates and are not intended as a guarantee of income or returns. Every investment has risks. It's important to discuss any investment, returns, regulations, laws and projections with a financial advisor, attorney or another fiduciary.

Largo Short-Term Rental Regulations

What are the short-term rental laws and regulations in Largo, Florida?

According to the City of Largo website, regulations for short-term rentals have been adopted, and individuals with complaints about short-term rentals can contact the Community Standards Division at (727)587-6799. Additionally, the occupant of a short-term vacation rental is considered a transient occupant and must comply with applicable laws, including minimum standards for habitable structures set forth in the Florida Building Code and the Florida Fire Code.

The City of Largo Code of Ordinances contains the City Charter and general laws of the City, while development regulations are contained in a separate document, the Comprehensive Development Code. The Code of Ordinances is updated as amendments are adopted by the City Commission, and individuals may view the electronic Code of Ordinances online or call the City for more information.

Is there a moratorium in short-term rentals in Largo, Florida?

It appears that there is no moratorium on short-term rentals in Largo, Florida. However, individuals interested in short-term rentals in Largo should consult with the City's Community Standards Division and review the applicable laws and regulations to ensure compliance.

Why Airbnb Guests Stay in Largo,Florida

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‍Where is Largo, Florida?

Largo is a city located in Pinellas County, on the west coast of the state of Florida, United States.

‍What is there to do in  Largo, Florida?

• Visit Largo Central Park: This park has a playground, picnic shelters, a train ride, and a botanical garden.
• Explore the Florida Botanical Gardens: These gardens showcase a variety of Florida plants and wildlife.
• Check out the Pinellas Trail: This trail is perfect for hiking, biking, and jogging.
• Visit the Armed Forces History Museum: This museum has a collection of military artifacts and exhibits.
• Spend the day at the beach: Largo is located near several beaches, including Clearwater Beach and Indian Rocks Beach.
• Go fishing: Largo has many fishing opportunities, including fishing from shore or chartering a boat.
• Play golf: Largo has several golf courses, including the Largo Golf Course and Bayou Club.
• Attend a sporting event: Largo is home to the Tampa Bay Buccaneers, Tampa Bay Rays, and Tampa Bay Lightning.
• Enjoy local cuisine: Largo has a variety of restaurants offering seafood, barbecue, and other local specialties.
• Explore nearby attractions: Largo is located near many popular attractions, including Busch Gardens, Walt Disney World, and Universal Studios.

‍What kinds of people travel to Largo, Florida?

• Retirees: Largo is home to a large number of retirement communities and is a popular spot for retirees seeking warm weather and a laid-back lifestyle.
• Families: With its beaches, parks, and family-friendly attractions like the Florida Botanical Gardens and the Highland Family Aquatic Center, Largo is a popular destination for families.
• Beachgoers: Largo's proximity to several beautiful Gulf Coast beaches, including Indian Rocks Beach and Belleair Beach, makes it a popular destination for those seeking sun, sand, and surf.
• Nature enthusiasts: Largo is home to a number of nature preserves and parks, including the beautiful McGough Nature Park, which is home to a variety of birds, turtles, and other wildlife.
• Sports fans: Largo is home to several sports facilities, including the Highland Recreation Complex, which offers basketball, volleyball, tennis, and other sports. It is also home to the Tampa Bay Buccaneers' training camp.
• Business travelers: Largo's proximity to Tampa and St. Petersburg makes it a convenient location for business travelers.

‍When are the busiest and slowest seasons for tourism in Largo, Florida?

The busiest season for tourism in Largo, Florida, is typically from mid-December to mid-April, which coincides with the winter season in many parts of the United States and Canada. During this time, many tourists visit Florida to escape the cold weather in their home countries.

The slowest season for tourism in Largo, Florida, is usually from May to September, which coincides with the summer season in the United States. The hot and humid weather during this time can deter some visitors, and families with children may be limited by school schedules. However, some tourists still visit during this time to take advantage of lower prices and smaller crowds.

‍How far is Largo, Florida from the nearest airport?

Largo, Florida is served by two major airports: Tampa International Airport (TPA) and St. Pete-Clearwater International Airport (PIE). Tampa International Airport is located approximately 20 miles northeast of Largo, and St. Pete-Clearwater International Airport is located approximately 9 miles south of Largo. The distance between Largo and these airports can vary depending on your specific location within the city.

‍Are there any major events in Largo, Florida?

• Largo Central Park Art Fest: This event takes place in the fall and features over 150 artists displaying their work.
• Holiday Stroll and Parade: This event takes place in December and includes a parade, live entertainment, and a visit from Santa Claus.
• Largo Seafood Festival: This event takes place in the spring and features a variety of seafood dishes, live music, and family-friendly activities.
• Largo Live Music Series: This is a weekly event that takes place throughout the year and features live music from a variety of local and regional artists.
• Largo's 4th of July Celebration: This event takes place on Independence Day and includes live music, food vendors, and a fireworks display.

What Airbnb amenities do guests expect and pay a premium for in Largo, Florida?

• Fully equipped kitchen: Many guests prefer to cook their own meals, and having a well-stocked kitchen with appliances, cookware, and utensils can be a major selling point for an Airbnb rental.
• Outdoor space: Largo, Florida has warm weather for much of the year, so having an outdoor space such as a patio, balcony, or backyard can be a big plus for guests who want to enjoy the sunshine.
• Wi-Fi and entertainment options: Most guests will expect a reliable Wi-Fi connection and may appreciate additional entertainment options such as cable TV, streaming services, or board games.
• Cleanliness and hygiene: Especially in the wake of the COVID-19 pandemic, guests are likely to be more concerned than ever about the cleanliness and hygiene of their Airbnb rental. Providing extra cleaning supplies, hand sanitizer, and clear instructions for maintaining a clean space can help put guests at ease.
• Comfortable bedding and linens: Guests want to feel comfortable and cozy during their stay, so providing high-quality bedding, towels, and other linens can be a major selling point.
• Pet-friendly accommodations: Many travelers choose to bring their pets along on vacation, so offering a pet-friendly Airbnb rental can help attract a wider range of guests.
• Personal touches: Guests appreciate personal touches such as local recommendations, welcome gifts, and detailed instructions for using amenities in the rental. Providing these extras can help make guests feel more at home and may lead to positive reviews and repeat bookings.

From Listing to Airbnb

1. Place an offer on this property: If you have a local real estate agent forward them this email and let them know you are interested in the property. If you want help finding the best representation, simply reply to this email and request an agent. Awning will get in touch with it’s network of agents. It’s best to be qualified for a mortgage, here is a list of lenders that work with Airbnb investors.
2. Close on the property: Closing on this property should be simple. An agent will help you review the contract and confirm that everything in the inspection report makes this a good deal.
3. Renovate and furnish the property: This property is easy to renovate and furnish. Then you’ll need some items, which you can find in this Airbnb Host Checklist.
4. Gather necessary documents and permission: You’ll want to consult Florida Short Term Rental Laws. In most cases, you won’t require an attorney as the paperwork process is straightforward.
5. List the property on Airbnb: To list your property on Airbnb you’ll need a description, title and professional photography.
6. Manage the Airbnb: If you choose to self-manage the Airbnb you should not have much trouble finding reliable cleaners in the area.
7. Awning Management: If you choose to use Awning Property Management we can take care of gathering documents and list the property for you. You can learn more about Awning Property Management or reach our team by responding to this email.