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Full details for 3 Bedroom Condominium For Sale in Panama City Beach, Florida

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Description

LOWEST PRICED 3 Bedroom Condo ON THE ENTIRE BEACH! You read the price right... You can really grab this 3-bedroom gulf view condo for only $429,000! Priced to sell quick at over $110,000k less than the next lowest priced comparable condo, this one won't last long at all!!!How about an 8%+ annual return on Investment? I know, I know... Anything over 5% is almost unheard of nowadays, so how can this unit generate 8%+? See the attached cash flow statement for a financial summary, but in short, a three bedroom / 3 bath condo in Sugar Beach traditionally brings in between $50k-$70k in gross rentals. At the middle point of $60k, you are bringing in over 8% ROI as you build your client base and use the unit some for your own personal vacations. Once you are well established and hit the $70k+ point, you will be enjoying over 11% ROI on a cash purchase, or 15% on a financed purchase - meaning this one is the STEAL you have been waiting for!Investment properties are not all created equal, and this condo boasts EVERYTHING needed to provide you an incredible competitive advantage in the rental market. Sugar Beach offers something that differentiates itself from everyone else in PCB... It is one of the only pet friendly Gulf front rental destinations in the entire area. Years of market data shows that pet friendly options bring a higher nightly rate, have a better vacancy rate, and are more likely to attract ''snowbirds'' during the off season.In addition to being pet friendly, Sugar Beach is a private/family friendly gated community with no elevators. The list of Gulf Front complexes where you can park directly at your door are few and far between, but Sugar Beach offers exactly that!It also offers a private gated beach access, a pool, tennis/pickleball courts, shuffleboard, a grilling area, a huge koi/turtle pond right out your back door, countless nearby restaurants/activities, over 375 feet of incredible beach access, and the list goes on! Back to listing