17643 Front Beach Rd 1509 Panama City Beach, Florida, 32413
2 bed • 2 bath • 6 guests
Est. $6,230/mo
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$1,298,900
Zestimate
Airbnb Investor Score
-$56,336
Annual Profit
2.4%
Cap Rate
-18.5%
Cash on Cash
$51,682
Annual Revenue
BNBCalc predicts this property will get $181 per night with 64% occupancy, putting it in the top 48% revenue percentile compared to similar properties nearby.
Top 76% of comparables
Top 16% of comparables
Seasonality
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Airbnb Comparables
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$46,432
Avg annual revenue
64%
Avg occupancy rate
$181
Avg nightly rate
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Revenue per year
$15k
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$115k
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-$56,336
Profit
Revenue
$51,682
Operating Expenses
$20,399
Operating Income
$31,283
Mortgage & Taxes
$87,620
Profit (Cash Flow)
-$56,336
$305,247
Cash Investment
Down Payment
$259,780
Renos & Furnishing
$6,500
Closing Costs
$38,967
Total
$305,247
DSCR Ratio
Weak
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Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
0%
Cash on Cash Return
-18.45%
Cap Rate
2.4%
STR Tax Calculator (USA)
Your current annual income
Your income tax rate
Taxes paid on $150,000
$45,000
If you buy this investment property, your est deduction will be...
Deductible mortgage interest
$61,647
Deductible property tax
$12,859
Your total deduction
$185,913
Your adjusted annual income
$150,000 - $185,913 = -$35,913
Taxes on -$35,913 (30%)
-$10,774
Your old tax bill
$45,000
Your new tax bill
-$10,774
Estimated tax savings
$55,774
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Property Overview
View property info, current ownership, recently sold comps, school zone ratings, area rents, and more.
Lot size:
-
Year built:
-
Size:
-
Type:
OTHER
Parking:
-
Heating:
-
Sold Comparables
Property Details
- MLS Status: property-details-mls-status-cancelled
- Property Use: Residential Common Area (Condo/Pud/Etc.)
- Stories: -
- Lot size: -
- Building area: -
- Garage: No
- Heating:
- Pool: No
- Fireplaces: -
- Basement: Yes
- Cooling: -
- View: -
- Parking: -
- Amenities: -
- Price per square foot: -
Lot Info
- Zoning: -
- Land Use: Other / Unknown
- Parcel Number: 40001-300-000
- Flood Zone: No
Tax Info
- Year Assessed: 2023
- Assessed Value: $1
- County Est. Land Value: $1
- Assessed Land Value: $1
- County Est. Structure Value: -
Market Estimate: -
Sale history
| Date | Sale Price | % Financed | Buyer |
|---|---|---|---|
| 01/19/22 | $0 | 0% | Ashley Nicole Sowell |
| 04/20/12 | $232,900 | 80% | Doyle Thomas Crane, Lylene Crane |
| 08/11/11 | $315,000 | 100% | Harold Dean Allen Jr |
| 06/13/05 | $466,100 | 100% | Tropic Winds Condominium Llc |
| 01/27/03 | $167,000 | 100% | Charles Randall Jones, Terri C Jones |
| 12/13/02 | $130,000 | 100% | Wendell Woodham, Patsy Woodham |
| 10/24/02 | $155,000 | 100% | Lawrence R Land, Patricia Land |
| 10/22/02 | $235,000 | 80% | William R Wetzel Jr, Sandra M Wetzel |
| 07/29/02 | $28,000 | 100% | John A Beane |
| 02/27/02 | $154,900 | 100% | Carl N Lindgren, Betty M Lindgren |
Ownership
- Name: Tropic Winds, A Condominium Ending Re 40000-300-165
- Owner Occupied: No
- Owner Mailing Address: FL
- Years Owned: 35
- Home Equity: -
- Mortgage Balance Remaining: $0
- Financed amount: 100%
- Owner Type: Individual
- Lien: No
- Inherited: No
- Foreclosure: No