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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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Secret Coast Beachfront Getaway

+ 40

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Pass Christian, MS 39571

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$650,000
3
2
1,771
sq. ft.
$367
per sq ft
Heated sq ft: 1,771 sq ft
Avg Nightly Rate: $322
Home Legally Sleeps: 10
Occupancy Rate: 27 weeks
Annual Gross Income : 59000
Annual Net Operating Income : 44000
Property Type: Detached Single Family Home (Villa, Cabin, Cottage)
Ownership Type: Full (100%)
Seasoned Short Term Rental: Yes
Furnishings Included: Yes
For Sale By: Owner
Seller Financing: No
Niche: Beach
New Construction: Yes
Days on Vrolio: 13

Property Description

This serene beachfront property, located within one of the many easygoing coastal communities, is perfectly located within steps to the stunning gulf coast, and centrally located near bars, restaurants, casinos, boutique shops, premium outlets, water activities, parks, and more. Enjoy all that coastal Mississippi has to offer, including year-round community events for the whole family, and look forward to returning to your tranquil beach house.

Presented by:
Owner:
alexander bruno
Seller Financing
No
Distress Sale
None
Seller Financing Terms
Seasonal Nightly Rates
High: 450
Low: 220
Peak: 500
Special Event: 500
Avarage: 322.00
Furniture Age
2
Est Value of Furnishings
$30,000
Peak & High Seasons
February, March, April, May, June, July
Ownership Percentage
Full (100%)
Qualifies for foreign national visa
Not sure
Reason for Selling
Looking for new investment opportunities closer to home in Florida. The property is doing exceptionally well compared to others in the area.
Foreign national buyer restrictions from government?
Not sure
Gross Annual Income
59000
Net Operating Income
44000
Stories
1
Additional Indoor Rooms
Converted Carport, Family Room, Game Room, Living Room
Appliances
Dishwasher, Dryer, Full stove, Garbage Disposal, Gas appliances, Microwave, Oven, Refrigerator, Washer
Heating/Cooling
Central A/C (gas or electric)
Floor Coverings
Laminate Wood
Security
No
Security Description
Half Baths
Inquire
Master Suite(s)
Inquire
Energy Efficiency
Year built
2008
Outdoor Features
Porch - Not screened
View
Beach
Backyard Exposure
East
Lot Size
0.38 acres
Community Features
Community Pool(s), Ocean Access
Tax Amount/Year
$5,006
CDD Amount
Inquire
Neighborhood
Inquire
Deed Restricted Community
Yes
Interview Required
No
Neighborhood Amenities
Community Pool(s), Ocean Access
Mandatory HOA
Inquire
Home Legally Sleeps:
10
Onsite Parking
Paved driveway under the home which can fit roughly 5-6 cars. No street parking allowed. An adjacent empty lot is also part of the parcel.
Neighborhood Association STR Rules
HOA allows STR
Municipality STR Rules
Yes, Must apply for the City of Pass Christian short term rental license.
Transferrable Permit or License
Yes, Transfers to new owner
Rental Tax Info
$7.00
Minimum Nightly Rental
No Minimum
Rental Length Requirement
No Restriction
Has Rental History
Yes
Established Rental History
2 Years
Occupancy Rate
27
Being Sold with Bookings
Inquire
Caretaker Info
Caretaker is local to the property, Caretaker can stay and oversee property.
Bookings Placed By
Third Party
Managed By
Owner, Caretaker
Management Bookings Percentage
Inquire
Caretaker Bookings Percentage
Inquire
Paid Booking History
Yes
Future Booking Calendar
Management Fees
Inquire
Caretaker Fees
0.00 Monthly
Sold with Marketing Collateral
No
Manager Cancellation Policy
 
  •  
Credit Card Fee
Inquire
Cleaning Fee
$190.00
Licesnes & Permits (Annual)
$420.00
Advertising & Tech Costs (Annual)
Inquire
Yard & Pest Control (Annual)
$600.00
Pool & Spa Maintinence (Annual)
Inquire
Electricity (Annual)
$3,780.00
Water/Sewer (Annual)
$948.00
Cable/Interbet (Annual)
$660.00
Accounting Fee (Annual)
Inquire
Property Taxes (Annual)
$5,006.00
Homeowner's Insurance (Annual)
$3,312.00
Short Term Rental Insurance Rider (Annual)
Inquire
CDD Fee (Annual)
Inquire
Annual Homeowner's Association Dues
$831.00
Additional Membership Fees (Annual)
Inquire
Acquisition
Purchase price
Closing costs
Home Inspection
Furniture & Interiors Package
Rehab Work Estimates
Other
Total Capital Investment

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Income
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Weeks Rented (of 52)

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Management Rental Commission Annually ($)

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Booking Site Service Fees ($)

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Management Fee Annually

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Additonal Nightly Insurance Policy Annually

Sales, Bed, Resort, Tourist Tax (%)

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

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Fixed Expenses (Annual)
Annual Permits/Licences

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Electricity

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Cable/Internet

Accounting

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Homeowner's Insurance

Short Term Rental Insurance Rider

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Loan
Down Payment (%)

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Returns
Average Monthly Cash Flow

Annual Cash Flow

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Break-Even Occupancy (Weeks)

Net Operating Income (NOI)

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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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