Are these COC numbers good?

[Wes Mccullar]

Hello all

My wife and I are new to STR and we have been analyzing properties in several markets the last 2 months trying to find the right one to take action on. We were under contract a few weeks ago in coastal NC but that fell through due to termites an various other headaches we aren't prepared to undertake right now. We now need help determining if we should jump on the current opportunity we have.

The numbers look like this:

Miramar Beach FL, 4 bed, 3 bath. 2560 sq. ft. 2 blocks from the beach.

purchase price $1,275,000

10% down $127,500

$55,860 Closing cost

TOTAL money out of pocket = $183,360

Annual gross revenue = $146,000

Total Net Cash Flow after all expenses including mortgage = $45,600

COC return = 25%

would you all jump on this or would you recommend using that 180k to invest in maybe 2 cheaper properties? our sole primary objective is strictly cash flow. This is 100% strictly a business decision for my wife and I. We aren't going into this with the mindset of our family using it for any more than maybe 1 week a year.

Thanks all for your feedback