23223 Front Beach Rd Panama City Beach, Florida, 32413
1 bed • 2 bath • 3 guests
Est. $1,550/mo
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$323,200
Zestimate
Airbnb Investor Score
-$162
Annual Profit
6.7%
Cap Rate
-0.2%
Cash on Cash
$40,597
Annual Revenue
This property is projected to be in the top 48% revenue percentile compared to similar properties nearby.
Projected nightly rate is $212/night at 54% occupancy.Projected nightly rate is $171/night at 65% occupancy.
Top 46% of comparables
Top 36% of comparables
Seasonality
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$43,264
Avg annual revenue
65%
Avg occupancy rate
$171
Avg nightly rate
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Revenue per year
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-$163
Profit
Revenue
$40,597
Operating Expenses
$18,958
Operating Income
$21,639
Mortgage & Taxes
$21,802
Profit (Cash Flow)
-$163
$78,836
Cash Investment
Down Payment
$64,640
Renos & Furnishing
$4,500
Closing Costs
$9,696
Total
$78,836
DSCR Ratio
Weak
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Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
0%
Cash on Cash Return
-0.2%
Cap Rate
6.69%
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
$15,339
Deductible property tax
$3,200
Your total deduction
$32,803
Your adjusted annual income
$150,000 - $32,803 = $117,197
Taxes on $117,197 (30%)
$35,159
Your old tax bill
$45,000
Your new tax bill
$35,159
Estimated tax savings
$9,841
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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:
1976
Size:
887 sqft
Type:
CONDO
Parking:
-
Heating:
Central, Electric
Sold Comparables
Property Details
- MLS Status: N/A
- Property Use: CONDO
- Stories: -
- Lot size: -
- Building area: 887 sqft
- Garage: No
- Heating: Central, electric
- Pool: No
- Fireplaces: -
- Basement: No
- Cooling: Central Air, Ceiling Fan(s), Electric
- View: -
- Parking: -
- Amenities: Dryer, Dishwasher, Electric Oven, Microwave, Refrigerator, Range Hood, Washer
- Price per square foot: $364
Lot Info
- Zoning: -
- Land Use: -
- Parcel Number: 36463262000
- Flood Zone: No
Tax Info
- Year Assessed:
- Assessed Value: -
- County Est. Land Value: -
- Assessed Land Value: -
- County Est. Structure Value: -
Market Estimate: $323,200
Schools
- Middle School: Surfside Middle School with 6/10 star rating
- High School: J.R. Arnold High School with 5/10 star rating