4000 Gulf Terrace Dr 250 Destin, Florida, 32541
2 bed • 2 bath • 4 guests
Est. $1,271/mo
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$181,600
Zestimate
Airbnb Investor Score
$703
Annual Profit
7.0%
Cap Rate
1.0%
Cash on Cash
$37,080
Annual Revenue
This property is projected to be in the top 49% revenue percentile compared to similar properties nearby.
Projected nightly rate is $216/night at 47% occupancy.Projected nightly rate is $145/night at 59% occupancy.
Top 83% of comparables
Top 13% of comparables
Seasonality
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$32,815
Avg annual revenue
59%
Avg occupancy rate
$145
Avg nightly rate
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Revenue per year
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$703
Profit
Revenue
$37,080
Operating Expenses
$18,500
Operating Income
$18,579
Mortgage & Taxes
$17,876
Profit (Cash Flow)
$703
$67,450
Cash Investment
Down Payment
$53,000
Renos & Furnishing
$6,500
Closing Costs
$7,950
Total
$67,450
DSCR Ratio
Acceptable
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Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
0%
Cash on Cash Return
1.04%
Cap Rate
7.01%
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
$12,577
Deductible property tax
$2,623
Your total deduction
$26,447
Your adjusted annual income
$150,000 - $26,447 = $123,553
Taxes on $123,553 (30%)
$37,066
Your old tax bill
$45,000
Your new tax bill
$37,066
Estimated tax savings
$7,934
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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:
1973
Size:
738 sqft
Type:
CONDO
Parking:
-
Heating:
-
Sold Comparables
| Address | Beds | Baths | Square Feet | $/SqFt | Lot Size | Year Built | Last Sale | Days on Market |
|---|---|---|---|---|---|---|---|---|
| 4203 Indian Bayou Trl | 1 | 2 | 970 | - | 0 | 2007 | $170,000 | - |
| 4205 Indian Bayou Trl | 2 | 2 | 1,390 | - | 0 | 2007 | $0 | 623 |
| 4000 Gulf Terrace Dr | 2 | 2 | 982 | - | 0 | 1973 | $295,000 | - |
| 4000 Gulf Terrace Dr | 2 | 2 | 982 | - | 0 | 1973 | $225,000 | - |
| 4000 Gulf Terrace Dr | 2 | 2 | 982 | - | 0 | 1973 | $258,000 | - |
| 4070 Dancing Cloud Ct | 1 | 1 | 734 | - | 0 | 1999 | $205,000 | - |
| 4070 Dancing Cloud Ct | 1 | 1 | 734 | - | 0 | 1999 | $240,000 | - |
| 4030 Dancing Cloud Ct | 1 | 1 | 920 | - | 0 | 1999 | $0 | - |
| 4030 Dancing Cloud Ct | 1 | 1 | 920 | - | 0 | 1999 | $0 | - |
| 4207 Indian Bayou Trl | 1 | 2 | 970 | - | 0 | 2007 | $305,000 | - |
Property Details
- MLS Status: N/A
- Property Use: Condominium Unit (Residential)
- Stories: -
- Lot size: -
- Building area: 738 sqft
- Garage: No
- Heating:
- Pool: No
- Fireplaces: -
- Basement: Yes
- Cooling: -
- View: -
- Parking: -
- Amenities: -
- Price per square foot: -
Lot Info
- Zoning: -
- Land Use: Residential
- Parcel Number: 00-2S-22-1095-0000-0262
- Flood Zone: Yes, Zone AREA OF MINIMAL FLOOD HAZARD
Tax Info
- Year Assessed: 2024
- Assessed Value: $205,000
- County Est. Land Value: -
- Assessed Land Value: -
- County Est. Structure Value: $205,000
Market Estimate: -
Sale history
| Date | Sale Price | % Financed | Buyer |
|---|---|---|---|
| 03/19/21 | $117,500 | 100% | Fabien Osnel Romulus Jr |
| 12/07/16 | $73,000 | 80% | Maria Cecilia Merchan, Mark A Merchan |
| 10/05/07 | $83,000 | 100% | Elliott Tindal, Susan B Tindal |
Ownership
- Name: Fabien Osnel Romulus Jr
- Owner Occupied: Yes
- Owner Mailing Address: 4000 Gulf Terrace Dr Unit 262, Destin, FL 32541
- Years Owned: 45
- Home Equity: $195,500
- Mortgage Balance Remaining: $117,500
- Financed amount: 100%
- Owner Type: Individual
- Lien: No
- Inherited: No
- Foreclosure: No