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Updated about 1 year ago on . Most recent reply

User Stats

31
Posts
18
Votes
Salvatore Ross
  • Property Manager
  • Miami, FL
18
Votes |
31
Posts

1st Investment Property

Salvatore Ross
  • Property Manager
  • Miami, FL
Posted

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $420,000
Cash invested: $84,000

Short Term Rental 3 blocks from the beach in Panama City Beach, FL.

  • Salvatore Ross
  • Most Popular Reply

    User Stats

    17
    Posts
    7
    Votes
    Juan Barros
    • New to Real Estate
    • South Eastern Pennsylvania
    7
    Votes |
    17
    Posts
    Juan Barros
    • New to Real Estate
    • South Eastern Pennsylvania
    Replied
    Quote from @Salvatore Ross:
    Quote from @Juan Barros:

    congrats! I am new also and wanted to ask what is your plan? How much is the Piti and how much you plan to make a month? Short term rental? I would eventually like to own something by the beach.

    Thanks Juan! I have it live on both AirBnb and VRBO as of this week and booked my first guest for this weekend. My PITI is $2950. This STR market fluctuates in seasonality, but I anticipate on making $70k gross and $20k net.


     Nice, thanks for the break down. Good luck with the business!

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