4000 Gulf Terrace Dr Destin, Florida, 32541
1 bed • 1 bath • 4 guests
Est. $504/mo

This property is for sale!
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$31,400
Annual Revenue
This property is projected to be in the top 43% revenue percentile compared to similar properties nearby.
AirDNA projects $165/night at 53% occupancy ($31,940.58). Airbtics projects $187/night at 60% occupancy ($40,980).
Top 73% of comparables
Top 63% of comparables
Seasonality
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$42,185
Avg annual revenue
60%
Avg occupancy rate
$187
Avg nightly rate
Any type
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Revenue per year
$15k
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$12,599
Profit
Revenue
$31,400
Operating Expenses
$17,762
Operating Income
$13,638
Mortgage & Taxes
$1,040
Profit (Cash Flow)
$12,599
$35,750
Cash Investment
Down Payment
$31,500
Renos & Furnishing
$4,250
Total
$35,750
Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
0%
Cash on Cash Return
32.38%
Cap Rate
12.98%
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
$2,527
Deductible property tax
$1,040
Your total deduction
$1,978
Your adjusted annual income
$150,000 - $1,978 = $148,022
Taxes on $148,022 (30%)
$44,407
Your old tax bill
$45,000
Your new tax bill
$44,407
Estimated tax savings
$593
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Property Overview
View property info, current ownership, recently sold comps, school zone ratings, area rents, and more.
Lot size:
812,412 sqft
Year built:
1973
Size:
738 sqft
Type:
CONDO
Parking:
-
Heating:
NONE
Sold Comparables
Address | Beds | Baths | Square Feet | $/SqFt | Lot Size | Year Built | Last Sale | Days on Market |
---|---|---|---|---|---|---|---|---|
4000 Gulf Terrace Dr Unit 160 | 2 | 2 | 982 | - | 812,412 | 1973 | $229,800 | 767 |
4080 Dancing Cloud Ct Unit 236 | 1 | 1 | 734 | - | 775,514 | 1999 | $200,000 | 66 |
4030 Dancing Cloud Ct Unit 342 | 1 | 1 | 920 | - | 775,514 | 1999 | $262,500 | 28 |
4000 Gulf Terrace Dr Unit 255 | 1 | 1 | 738 | - | 812,412 | 1973 | $180,000 | 21 |
1751 Scenic Highway 98 Unit 616 | 2 | 2 | 943 | - | 364,658 | 2001 | $611,500 | 33 |
4000 Gulf Terrace Dr Unit 206 | 2 | 2 | 982 | - | 812,412 | 1973 | $260,000 | 24 |
4000 Dancing Cloud Ct Unit 3 | 1 | 1 | 734 | - | 775,514 | 1999 | $217,000 | 26 |
4000 Gulf Terrace Dr Unit 2003 | 1 | 1 | 738 | - | 812,412 | 1973 | $160,000 | 70 |
4080 Dancing Cloud Ct Unit 239 | 2 | 2 | 1,013 | - | 775,514 | 1999 | $270,000 | 14 |
1751 Scenic Highway 98 # Ph14 | 2 | 2 | 1,311 | - | 364,658 | 2001 | $915,000 | 25 |
Property Details
- MLS Status: Active
- Property Use: Condominium
- Stories: 0
- Lot size: 812,412 sqft
- Building area: 738 sqft
- Garage: No
- Heating: None
- Pool: No
- Fireplaces: 0
- Basement: Yes
- Cooling: -
- View: -
- Parking: -
- Amenities: -
- Price per square foot: -
Lot Info
- Zoning: -
- Land Use: Residential
- Parcel Number: 00-2S-22-1095-0132-0000
- Flood Zone: Yes, Zone AREA OF MINIMAL FLOOD HAZARD
Tax Info
- Year Assessed: 2023
- Assessed Value: $205,000
- County Est. Land Value: -
- Assessed Land Value: -
- County Est. Structure Value: $205,000
Market Estimate: $279,919