Fully Furnished Subto Beach House with No HOA Walking Distance to the Beach

Description

💥 Fully Furnished Subto Vacation Beach House with No HOA! 💥

🏖️ Perfect Short-Term Rental Opportunity in Panama City Beach, FL!

📍 Quick Property Overview:

Size: 1638 SqFt

Year Built: 2006, Renovated in 2016

Layout: 3 Bedrooms / 3 Bathrooms + Extra Bunk Room

Special Feature: No HOA, No Rental Restrictions, Currently Sleeps 7+

🌴 Location Highlights:

Proximity to Beach: Less than 1/2 mile to beautiful beaches

Near Pier Park: Close to shopping center and vibrant beach life

Dining & Entertainment: Tons of great restaurants and family-friendly spots within a 5 min drive

Community: Golf cart friendly area for easy beach and park access

💸 Financial Overview:

Total Entry Fee: 35k plus Closing & TC (6% of Total Purchase Price)

Interest Rate: 4.875%

PITI: 3,279.53/month

STR Projection: 6.5k – 8k/month (25-50% Cash on Cash Return – Proforma Available)

Mortgage Balance: 473,565

Seller Finance: 108,435 (Amortization over 50 years – 5 year Balloon, Payment: 180.72/month)

Total Purchase Price: 617,000