South Padre Island Marisol Fully Funded
South Padre Island Marisol by Zandra Jones Fully Funded
- Property Location:
- South Padre Island TX
- Exit Strategy
- STR Hold Cash Out Equity Refi
- Property Details 2 Single Family Homes
- 4 Bed 3 Bath 1750 SF per unit
- Occupancy Rate
- Monthly / Yearly Gross Estimated Income Return
- Equity Position at time of Completion or Acquisition
- Monthly / Yearly Net Estimated Income Return
Imagine owning your own slice of heaven in South Padre Island Texas! South Padre Island is located between the Laguna Madre and the Gulf of Mexico. With 34 miles of beautiful white sand and clear emerald water, South Padre Island is one of the world’s most exquisite barrier islands – and the only tropical Island in Texas. Calm weather and water and more than 300 days of sunshine make South Padre Island a great place to live and visit all year. The narrow island is ideal for walking, skating, and bike riding. South Padre is home to beautiful sunrises and sunsets. There are many activities to choose from such as fishing, shelling, water sports, horseback riding, scuba diving, bird watching, turtle rescue, and much more. This small city has been a top Texas travel destination for years and years. Thanks to SpaceX which has launched it into a whole new travel destination and has helped make this location a world travel destination. The city has seen a huge influx in world travelers and a boom in the economy. With the gorgeous beaches, sea turtle rescue, amazing cuisine, so much to do there is no reason why it is exploding in popularity.
- We are looking to partner with an investor at 15% of the ownership for 15% of the purchase price.
- The ARV is $1,083,000 conservatively.
- Purchase Cost $800,000 $283,000 + equity, the annual.
- Gross income of estimated at $155,600 with a Net Income estimated at $41,724 Per year $3477 per month.
- 15% your profit estimated at $6,258 per year.
- $521 per month and equity of $162,450 when putting in $120,000 that will increase your investment by $42,00 at closing
- In 5 years with 3% appreciation per year and cash flow your asset will be worth $217,658
- CASH ON CASH RETURN IS PHENOMENAL.
- We acquire the property, furnish and manage the short term rental completely turn key including all taxes HOT taxes ect.