2606 Scenic Gulf Dr UNIT 4409 Miramar Beach, Florida, 32550
2 bed • 2 bath • 6 guests
Est. $2,182/mo
This property is for sale!
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$68,615
Annual Revenue
This property is projected to be in the top 47% revenue percentile compared to similar properties nearby.
Projected nightly rate is $303/night at 62% occupancy.Projected nightly rate is $224/night at 74% occupancy.
Top 86% of comparables
Top 13% of comparables
Seasonality
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$63,048
Avg annual revenue
74%
Avg occupancy rate
$224
Avg nightly rate
Any type
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Revenue per year
$25k
$55k
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$15,322
Profit
Revenue
$68,615
Operating Expenses
$22,600
Operating Income
$46,015
Mortgage & Taxes
$30,693
Profit (Cash Flow)
$15,322
$111,150
Cash Investment
Down Payment
$91,000
Renos & Furnishing
$6,500
Closing Costs
$13,650
Total
$111,150
DSCR Ratio
Strong
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Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
0%
Cash on Cash Return
13.78%
Cap Rate
10.11%
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
$21,595
Deductible property tax
$4,505
Your total deduction
$30,651
Your adjusted annual income
$150,000 - $30,651 = $119,349
Taxes on $119,349 (30%)
$35,805
Your old tax bill
$45,000
Your new tax bill
$35,805
Estimated tax savings
$9,195
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Property Overview
View property info, current ownership, recently sold comps, school zone ratings, area rents, and more.
Lot size:
303 sqft
Year built:
-
Size:
-
Type:
CONDO
Parking:
-
Heating:
-
Sold Comparables
| Address | Beds | Baths | Square Feet | $/SqFt | Lot Size | Year Built | Last Sale | Days on Market |
|---|---|---|---|---|---|---|---|---|
| 2606 Scenic Gulf Dr | 2 | 2 | 0 | - | 282 | - | $660,000 | - |
| 2606 Scenic Gulf Dr | 2 | 2 | 0 | - | 487 | - | $735,000 | - |
| 2606 Scenic Gulf Dr | 3 | 2 | 0 | - | 407 | - | $0 | - |
| 2606 Scenic Gulf Dr | - | - | 0 | - | 277 | - | $340,000 | - |
| 2396 Scenic Gulf Dr | - | - | 0 | - | 204 | - | $0 | - |
| 2746 Scenic Gulf Dr | - | - | 0 | - | 0 | - | $0 | - |
| 548 Sandy Cay Dr | - | - | 0 | - | 0 | - | $0 | - |
| 2936 Scenic Gulf Dr | - | - | 0 | - | 0 | - | $0 | - |
| 2076 Scenic Gulf Dr | - | - | 0 | - | 326 | - | $0 | - |
| 2606 Scenic Gulf Dr | 2 | 2 | 0 | - | 447 | - | $410,000 | - |
Property Details
- MLS Status: Active
- Property Use: Condominium Unit (Residential)
- Stories: -
- Lot size: 303 sqft
- Building area: -
- Garage: No
- Heating:
- Pool: No
- Fireplaces: -
- Basement: Yes
- Cooling: -
- View: -
- Parking: -
- Amenities: -
- Price per square foot: -
Lot Info
- Zoning: -
- Land Use: Residential
- Parcel Number: 30-2S-21-42781-000-4409
- Flood Zone: Yes, Zone AREA OF MINIMAL FLOOD HAZARD
Tax Info
- Year Assessed: 2024
- Assessed Value: $450,765
- County Est. Land Value: -
- Assessed Land Value: -
- County Est. Structure Value: $450,765
Market Estimate: -
Sale history
| Date | Sale Price | % Financed | Buyer |
|---|---|---|---|
| 09/23/22 | $0 | 0% | Emerald Retreat 4409 Llc |
| 01/14/19 | $300,000 | 90% | Noah Converse, Valerie Converse |
| 07/19/11 | $186,500 | 71% | David C Haydon, Lenora Fernandez |
| 08/05/03 | $0 | 0% | Bb & M Llc |
| 03/14/03 | $195,000 | 80% | Mack L Sparks, Linda C Sparks |
| 01/30/02 | $184,000 | 100% | James H Easor, Sybil Y Eason |
Ownership
- Name: Emerald Retreat 4409 Llc
- Owner Occupied: No
- Owner Mailing Address: 42turtle Xing, Niceville, FL 32578
- Years Owned: 25
- Home Equity: $196,500
- Mortgage Balance Remaining: $263,500
- Financed amount: 100%
- Owner Type: Investor
- Lien: No
- Inherited: No
- Foreclosure: No