About This Home
This 5-bedroom, 3-bathroom single family at 55 VELMA Drive W in Largo, FL is listed for $522,500 ($259 per sqft). Built in 1957, the home offers 2,021 sqft of living space on a 0.19 acres lot.
Key Features
- Built in 1957
- 0.19 acre lot
Property Details
Amenities
WELCOME TO 55 VELMA DR. W LARGO, FLORIDA! A highly lucrative, move-in ready or turn-key investment property specifically configured as a high-yield short-term rental (STR). Featuring 5 bedrooms and 3 full bathrooms, this 2,021-square-foot single-story home comes fully furnished and completely ready for immediate occupancy or immediate listing on platforms like Airbnb and VRBO.
Offers a king-size bed, desk area, large walk-in closet, and an en-suite bathroom with a double vanity, walk-in shower, and jacuzzi bathtub. Features a split-bedroom plan; one attached guest bedroom can be closed off for private use. Includes a kitchen island with seating for 3, a dining room table that seats 6, a Keurig coffee maker, and a Ninja blender.
The Living space Outfitted with a large sectional couch and a Smart TV. Game Room: The air-conditioned garage has been converted into an entertainment space with mini-golf, video games, foosball, basketball, and a full walk-in shower bathroom. PROPERTY HIGHTLIGHTS: + Sleeps 10: Large space for families and groups.
+ Full Furnishings: New furniture, beds, and kitchen tools. + Game Room: Air-conditioned garage with mini-golf and games. + Split Layout: Private lock-off wing and separate guest entrance. + Close to Beach: Just over 2 miles to the Gulf of Mexico( Belleair beach and Indian Rocks Beach) - Outdoor Space: Large deck, covered patio, and outdoor lights.
- Parking: Driveway fits up to 4 cars. - Nearby Spots: Walk to local food and shops. Under a mile to the hospital. INCOME POTENTIAL Based on AirDNA market benchmarks for Largo and the adjacent coastal areas, this property is uniquely positioned to significantly outperform the local market median due to its 10-guest capacity, premium game room conve
rsion, and smart income-generating layout Projections Over View: - Conservative base line: Average Daily Rate (ADR): $310, Projected Occupancy of 52%, and Annual Gross Revenue is $58,838 - Realistic Target: '' '' '' '' '' '' '' '' '' '' '' '' '' '' : $395, '' '' '' '' '' '' '' '' '' '' '' '' '' 58%, '' '' Annual Gross Revenue is $83,622 - Optimized Premium: '' '' '' '' '' '' '' '' '' '' '' '' '' '' : $480, '' '' '' '' '' '' '' '' '' '' '' '' '' 63%, '' '' Annual Gross Revenue is $110,376
Monthly Cost Estimate
$2,794/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
55 VELMA Drive W
Largo, FL 33770
VELMA MANOR
Features & Amenities
Interior Features
Exterior Features
Property Details
Flooring
Construction
Heating
Cooling
Appliances
Questions & Answers
This 5-bedroom, 3-bathroom single family at 55 VELMA Drive W is listed at $522,500 ($259/sqft). The estimated monthly payment is $2,794 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1957, 0.19 acre lot. Interior Features: Ninguno, Primary Bedroom Main Floor, Stone Counters. Exterior Features: Outdoor Grill.
This property is listed by Lee Nguyen and can be reached at 7276980600.
