Destin and 30A Income Generating Real Estate
We enjoy working with Real Estate Investors in Destin, Miramar Beach, Sandestin, Santa Rosa Beach and 30A. The Emerald Coast of Florida still has incredible investment opportunities. We are seeing major growth in the rental revenues and many properties offer positive cash flow and generous cap rates. We enjoy working with investors and have helped many achieve success.
Destin Investment Real Estate - 30A investment Property
Most experienced real estate investors in Destin and 30A require specific info before purchasing. Below are some of the items of major importance when purchasing income generating/investment properties on the Emerald Coast of Florida.
- Total Cost Break Down - This includes management fees, utilities, insurance, debt service, association fees, property taxes, and maintenance.
- Rental Income - In many cases, homes and condos will have a rental history. If not, we can pull data on similar properties or obtain projections from professional rental managers.
- Cap Rate - By pulling the income and expenses, we come up with a realistic cap rate.
- CMA Reports "Comparative Market Analysis" - A good investor will be very in tune with the value of the property. Most buyers will walk immediately if it is not a "fair deal". If you can make a good buy and the property has good income that covers the expenses and offers positive cash flow, you have hit a home run.
- Tax Advantages - There are currently many tax advantages available on investment properties. It is important to speak with a licensed tax professional to gain an understanding of the potential write offs associated with investment real estate. Some of the most important items include; 1031 Exchanges, Reverse 1031 Exchanges, depreciation, and interest & expense write offs.
When working with investors, We are able to provide all of the info needed to make a sound investment. Our Broker \ Owner, Clayton Bonjean owns Mainsail Realty Company and he has a very good understanding of business and finance. He obtained an MBA from University of Alabama at Birmingham and a Marketing degree from the University of Mississippi. Clayton has also worked in many other aspects of business and management. Mainsail Realty Company has been in business since the 1980's and it is our goal to estabilish long term relationships. We are not focused on one sale. Our team of experts brings a wealth of experience to the table. You can read about our team below.
We always suggest that buyers stay in their comfort zone. We are not high-pressure and we can be very patient. No one has a crystal ball; therefore, you need to be able to buy a property that you can afford to hold for the long term if necessary. It is our job to provide the investor with a realistic picture of how much the property can profit or cost, and show them all of the data to support the potential growth in value.
How to achieve Positive Cash Flow in Destin, Santa Rosa Beach, 30A.
We have a formula that we use when working with investors and below are some of the highlights.
1. The more bedrooms the higher the income.
2. In most cases, homes produce better cap rates than condos due to the higher condo association fees.
3. A pool or access to a pool is very helpful.
4. Proximity to the beach is very important.
5. Location - South of Hwy 98 is preferred for short term rentals.
6. Beware of high HOA fees.
7. Property management fees must be negotiated to the lowest level.
8. Maintenance fees can affect returns. A good understanding of proper construction elements is critical.
Please call us if you would like to invest in Destin to 30A Real Estate. We would love to help you make the right decision.
For more info, Please reach out to us at the contact info below.
Clayton Bonjean
Broker | Owner | MBA
850-585-1284
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