Fantastic Cash Flow and ROI on Panama City Beach Gulf front Condo
Majestic Beach is one of the better buildings in Panama City and offers a great return on rentals. This unit is a 3 bedroom +bunk and 3 bath with an enormous gulf front master and spa like bathroom. Placed on the 12th floor of Tower 1, the views are outstanding Similar units along the beach are grossing close to $100,000 when updated but expect $60k-$80k if updated. Listed at $500k but people come off prices here being a vacation rental market.
Self managed:
Monthly Income: Monthly Expenses: | Monthly Cash Flow: Pro Forma Cap Rate: |
$5,833.00 $3,476.32 | $2,356.68 10.52% |
NOI Total Cash Needed | Cash on Cash ROI Purchase Cap Rate |
$52,601.00 $111,000.00 | 25.48% 10.52% |
With property manager:
Monthly Income: Monthly Expenses: | Monthly Cash Flow: Pro Forma Cap Rate: |
$5,833.00 $4,642.92 | $1,190.08 7.72% |
NOI Total Cash Needed | Cash on Cash ROI Purchase Cap Rate |
$38,601.80 $111,000.00 | 12.87% 7.72% |
Offering