About This Property
20 Rooms in total, allowing 82 persons.
This is an exceptional opportunity to purchase a unique hotel in the Dominican Republic. The property is an established business with a sizeable 15,000 sq ft of oceanfront space, providing stunning views & access to the beach. The hotel has both a liquor and occupational license, making it a turnkey operation. It offers guests the added bonus of horse rides, allowing them to explore the surrounding area on horseback, & other 4* amenities. This property would be an ideal investment for someone looking to own a well-established, profitable business in a beautiful location. Do not miss out to own a prestigious hotel in the Dominican Republic.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 17, 2023 | No longer available | - | |
| No longer available | |||
| Aug 2, 2023 | Listed | $2,988,888 | |
| Listed | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017