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Lenders

Offer Price

$

Proposed Settlement Date

Financing Terms

Include Furniture

Include Future Bookings

By submitting an offer, I understand and acknowledge that vrolio corp is not real estate brokerage and does not represent me in any capacity on a real estate transaction. I understand that this is not a purchase commitment and I am simply presenting a non-binding letter of intent to the seller of this property and the seller is in no way obligated to respond or accept my offer.

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Panama

Zone

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, 10 00000

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$5,000,000
4
4
2,280
sq. ft.
$2,193
per sq ft
Heated sq ft: 322 sq ft
Avg Nightly Rate: $2
Home Legally Sleeps: 9
Occupancy Rate: 3 weeks
Annual Gross Income : 100
Annual Net Operating Income : 1700
Property Type: Multi-Unit Property (B&B)
Ownership Type: Full (100%)
Seasoned Short Term Rental: Yes
Furnishings Included: Yes
For Sale By: Owner
Seller Financing: No
Niche: Couples/Romance, Mountain, Nature
New Construction: Inquire
Days on Vrolio: 1462

Property Description

Panama

Presented by:
Owner:
virginia maskellfantasia
Seller Financing
No
Distress Sale
None
Seller Financing Terms
Seasonal Nightly Rates
High: 225
Low: 175
Peak: 225
Special Event: 225
Avarage: 2.00
Furniture Age
8
Est Value of Furnishings
$20,000
Peak & High Seasons
January, February, March, April, November, December
Ownership Percentage
Full (100%)
Qualifies for foreign national visa
Not sure
Reason for Selling
n/a
Foreign national buyer restrictions from government?
Not sure
Gross Annual Income
100
Net Operating Income
1700
Stories
2
Additional Indoor Rooms
Attached In Law Suite, Detached In Law Suite, Family Room, Formal Dining Room, Game Room, Home Office/Den, Living Room
Appliances
Dishwasher, Dryer, Electric appliances, Full stove, Microwave, Oven, Refrigerator, Washer
Heating/Cooling
No A/C, No Heat, Wood Burning Fireplace
Floor Coverings
Tile
Security
No
Security Description
Half Baths
1
Master Suite(s)
Inquire
Energy Efficiency
Tankless water heater
Year built
2005
Outdoor Features
Deck, Fenced/Gated Yard, Fire Pit, Garden, Inground Pool, Landing Strip or Pad, Porch - Not screened, Private Gated Driveway, Putting Green, Tennis court, Walking Trail, Walk Out Balcony, Other
View
Mountain, Ocean, River/Creek, Valley, Wooded Area
Backyard Exposure
Southeast
Lot Size
Lot is pie shaped at 228 m2 and the house is built into the side of the mountainside with impeccably kept grounds and gardens. The real bonus is that this property is surrounded by approximately 2000 m2 of greenbelt which cannot be built on to increase the privacy. At the base of the property along the greenbelt is a clear mountain creek with a waterfall
Community Features
Arcade, Fitness Center, Gated Community, Guard Gated Community, Lake Access, Meeting Rooms, Nature Trails/Walking Path, Onsite Property Management, Playground, Restaurant(s), Tennis Court, Other
Tax Amount/Year
Inquire
CDD Amount
Inquire
Neighborhood
Inquire
Deed Restricted Community
Yes
Interview Required
No
Neighborhood Amenities
Arcade, Fitness Center, Gated Community, Guard Gated Community, Lake Access, Meeting Rooms, Nature Trails/Walking Path, Onsite Property Management, Playground, Restaurant(s), Tennis Court, Other
Mandatory HOA
Inquire
Home Legally Sleeps:
9
Onsite Parking
The house is located at the end of a court. There is space for 1 car to park within the gate, possibly 2. But there is parking available on the court side of the gate. The community of Altos Del Maria has a community building with a gym, pool table, game room and space for groups. There is also a helicopter pad, mini golf course and tennis courts for use by community members
Neighborhood Association STR Rules
HOA allows STR
Municipality STR Rules
Yes, In Panama City, the short term rentals are supposed to be for a 1 month minimum stay but this practice has not been implemented in the rest of the country
Transferrable Permit or License
Yes, Transfers to new owner
Rental Tax Info
Inquire
Minimum Nightly Rental
No Minimum
Rental Length Requirement
No Restriction
Has Rental History
Yes
Established Rental History
1 Year
Occupancy Rate
3
Being Sold with Bookings
Inquire
Caretaker Info
InquireCaretaker cannot stay and oversee the property
Bookings Placed By
Owner
Managed By
Owner
Management Bookings Percentage
Inquire
Caretaker Bookings Percentage
Inquire
Paid Booking History
Yes
Future Booking Calendar
Management Fees
Inquire
Caretaker Fees
Inquire
Sold with Marketing Collateral
Yes, AirBnb profile, Booking.com Profile, Private website, Existing database of guests, Professional photos, Professional video, Social media profiles, VRBO and/or Homeaway profile
Manager Cancellation Policy
 
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Credit Card Fee
$2.00
Cleaning Fee
Inquire
Licesnes & Permits (Annual)
Inquire
Advertising & Tech Costs (Annual)
Inquire
Yard & Pest Control (Annual)
Inquire
Pool & Spa Maintinence (Annual)
Inquire
Electricity (Annual)
Inquire
Water/Sewer (Annual)
Inquire
Cable/Interbet (Annual)
Inquire
Accounting Fee (Annual)
Inquire
Property Taxes (Annual)
Inquire
Homeowner's Insurance (Annual)
Inquire
Short Term Rental Insurance Rider (Annual)
Inquire
CDD Fee (Annual)
Inquire
Annual Homeowner's Association Dues
Inquire
Additional Membership Fees (Annual)
Inquire
Acquisition
Purchase price
Closing costs
Home Inspection
Furniture & Interiors Package
Rehab Work Estimates
Other
Total Capital Investment

RECALCULATE
Income
Average Nightly Rent

Weekly Rent

Potential Annual Rent

Weeks Rented (of 52)

Additonal Net Revenue Streams

Effective Gross Revenue

Effective Gross Rent

RECALCULATE
Variable Expenses (Annual)
Management Rental Commission (%)

Management Rental Commission Annually ($)

Credit Card Fee (%)

Credit Card Fee Annually ($)

Cleaning Fee ($ per rented wk)

Cleaning Fees Annually

Booking Site Service Fees (%)

Booking Site Service Fees ($)

Management Fee ($ per mo)

Management Fee Annually

Additonal Nightly Insurance Policy ($ per night)

Additonal Nightly Insurance Policy Annually

Sales, Bed, Resort, Tourist Tax (%)

Sales, Bed, Resort, Tourist Tax Annually ($)

RECALCULATE
Fixed Expenses (Annual)
Annual Permits/Licences

Advertising & Tech Costs

Yard and Pest Control

Pool Maintenance

Electricity

Water/Sewer

Cable/Internet

Accounting

Property Taxes

Homeowner's Insurance

Short Term Rental Insurance Rider

CDD fee

Annual Homeowners Association Dues

Additional Membership Fees

Maintenance Reserves/Supplies

Other

Fixed & Variable Expenses

RECALCULATE
Loan
Down Payment (%)

Down Payment (Capital Investment)

Loan Amount

Interest Rate

Amortization (Loan Years)

Monthly Payment

Annual Debt Service

RECALCULATE
Returns
Average Monthly Cash Flow

Annual Cash Flow

Cash-on-Cash Return

Annual Occupancy to Break Even

Break-Even Occupancy (Weeks)

Net Operating Income (NOI)

Cap Rate (ROI)

RECALCULATE

User understands this calculator is deemed reliable but not guaranteed. Vrolio makes absolutely no guarantees on returns or income. User should do their own due diligence and verify all data before making a purchasing decision. User understands that this is an educational tool only. We therefore accept no liability arising from any reliance made by any user or person to whom this information is made available to. Please use this tool at your own discretion and use caution always before buying any real estate investment.

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