💥Fully Furnished Subto Hybrid Beach House in Panama City Beach, FL!💥
Low Entry - Turnkey - Off Market - Prime Location
🏖️ Perfect Short-Term Rental Opportunity with No HOA!
📍 Quick Property Overview:
Size: 1638 SqFt
Year Built: 2006, Renovated in 2016
Layout: 3 Bedrooms / 3 Bathrooms + Extra Bunk Room
Special Feature: No HOA, No Rental Restrictions, Currently Sleeps 7+
Status: Tenant occupied for 30 - 45 more days, vacant at close
🌴 Location Highlights:
Proximity to Beach: Less than 1/2 mile to beautiful beaches
Near Pier Park: Close to shopping center and vibrant beach life
Dining & Entertainment: Tons of great restaurants and family-friendly spots within a 5 min drive
Community: Golf cart friendly area for easy beach and park access
💸 Financial Overview:
Total Entry Fee: 35k plus Closing & TC (Entry fee is only 6% of Total Purchase Price)
Interest Rate: 4.875%
PITI: 3,279.53/month
STR Projection: 6k - 8k/month (17 - 44% Cash on Cash Return - Proforma Available)
Remaining Mortgage Balance: 473,565
Seller Finance: 108,435 (Amortization over 50 years - 5 year Balloon, Payment: 180.72/month)
Total Purchase Price: 617k
EMD: 5k
Additional info:
3-Story Building Fire Protection Sprinklers: If the property is rented for a period of less than 30 days, more than 3 times a year, then the city requires a fire protection sprinkler system to be installed. We received a quote from a local company at 24k, we reflected this cost in the proforma and the cash on cash return is still amazing!
🚀 Investor's Edge:
Vacation Rental Potential: Comes fully furnished in a prime location
Low Entry Fee: Under 10% with strong potential for HUGE cash on cash return
No Banks, Tax Returns, or Credit Checks Needed!
📞 Contact for More Information:
Coreyonte Turner
Phone: 402-840-7321
Email: Coturner@joehomebuyer.com
Courtesy of Joe Homebuyer Gulf Coast
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