17643 Front Beach Rd Panama City Beach, Florida, 32413
2 bed • 2 bath • 6 guests
Est. $2,638/mo
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$1,298,900
Zestimate
Airbnb Investor Score
-$5,817
Annual Profit
5.7%
Cap Rate
-4.4%
Cash on Cash
$51,682
Annual Revenue
This property is projected to be in the top 48% revenue percentile compared to similar properties nearby.
Projected nightly rate is $283/night at 50% occupancy.Projected nightly rate is $181/night at 64% occupancy.
Top 76% of comparables
Top 16% of comparables
Seasonality
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40
Airbnb Comparables
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$46,432
Avg annual revenue
64%
Avg occupancy rate
$181
Avg nightly rate
Any type
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Apartment
Any min stay
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Revenue per year
$15k
$50k
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$115k
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-$5,818
Profit
Revenue
$51,682
Operating Expenses
$20,399
Operating Income
$31,283
Mortgage & Taxes
$37,101
Profit (Cash Flow)
-$5,818
$133,000
Cash Investment
Down Payment
$110,000
Renos & Furnishing
$6,500
Closing Costs
$16,500
Total
$133,000
DSCR Ratio
Weak
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Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
0%
Cash on Cash Return
-4.37%
Cap Rate
5.68%
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
$26,104
Deductible property tax
$5,445
Your total deduction
$61,202
Your adjusted annual income
$150,000 - $61,202 = $88,798
Taxes on $88,798 (30%)
$26,639
Your old tax bill
$45,000
Your new tax bill
$26,639
Estimated tax savings
$18,361
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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