9850 S Thomas Dr 1209W Panama City Beach, Florida, 32408
1 bed • 1 bath • 3 guests
Est. $1,631/mo
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Airbnb Investor Score
-$167
Annual Profit
6.7%
Cap Rate
-0.2%
Cash on Cash
$41,893
Annual Revenue
This property is projected to be in the top 46% revenue percentile compared to similar properties nearby.
Projected nightly rate is $210/night at 55% occupancy.Projected nightly rate is $155/night at 74% occupancy.
Top 56% of comparables
Top 41% of comparables
Seasonality
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$44,198
Avg annual revenue
74%
Avg occupancy rate
$155
Avg nightly rate
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Revenue per year
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-$168
Profit
Revenue
$41,893
Operating Expenses
$19,126
Operating Income
$22,767
Mortgage & Taxes
$22,935
Profit (Cash Flow)
-$168
$82,450
Cash Investment
Down Payment
$68,000
Renos & Furnishing
$4,250
Closing Costs
$10,200
Total
$82,450
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
$16,137
Deductible property tax
$3,366
Your total deduction
$34,438
Your adjusted annual income
$150,000 - $34,438 = $115,562
Taxes on $115,562 (30%)
$34,669
Your old tax bill
$45,000
Your new tax bill
$34,669
Estimated tax savings
$10,331
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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:
1984
Size:
609 sqft
Type:
CONDO
Parking:
-
Heating:
Central, Electric
Sold Comparables
Property Details
- MLS Status: N/A
- Property Use: CONDO
- Stories: -
- Lot size: -
- Building area: 609 sqft
- Garage: No
- Heating: Central, electric
- Pool: No
- Fireplaces: -
- Basement: No
- Cooling: Central Air, Ceiling Fan(s), Electric
- View: Gulf
- Parking: Paved, Parking Lot
- Amenities: Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator
- Price per square foot: $558
Lot Info
- Zoning: -
- Land Use: -
- Parcel Number: 34994524000
- Flood Zone: Yes, Zone High risk: Coastal areas with additional velocity hazard from waves
Tax Info
- Year Assessed:
- Assessed Value: -
- County Est. Land Value: -
- Assessed Land Value: -
- County Est. Structure Value: -
Market Estimate: -
Schools
- High School: J.R. Arnold High School with 5/10 star rating