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Owned by Joe
This groups is for Savvy investors that are under contract or have purchased a new short term rental with the Savvy STR Agent team in Florida.
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15d •
506 Anemone St, Panama City Beach FL
Update: Here’s a quick underwriting I did of this property. Showing a 19-20% cash on cash return and $9-10K/month in net cash flow! I also added it to my next "Find it Friday" video this week because it's a great opportunity. Great job finding this deal @Joe Rohne! Keep sending us more great deals for us to analyze together and share with the community. ---- Initial Message: Hey @Joe Rohne - is this property still available? I know we were seeing some pretty crazy return potential ($300K+ in revenue) if investors invested about $200K to convert both garages and better design/amenities. Plus you think you could get quite a bit in seller credits. Let us know your thoughts and I can underwrite the property to see the final Cash on Cash % figure for the community to consider. strIQ Link: https://ynn57.app.link/K3o1xg1gWYb Zillow Link: https://www.zillow.com/homedetails/506-Anemone-St-Panama-City-Beach-FL-32413/108413710_zpid/?utm_medium=referral
3 likes • 15d
Yes. This house is really cool because its in the private gates beach access community if Bid A wee beach. 4th level deck has amazing views. There is some deferred maintnence but the bedrooms are HUGE and bith units have 3 car garages that could be finished an made into 4th bedrooms and game rooms.
2 likes • 14d
@Matt Sanderson Id say 300k in capital total but I am confident we could get half of that covered in seller credits at closing. There is a 7 bed in the same community at 503 Albatross doing $250k with an awful property manager. My much smaller 4 bed side if a duplex is at $141,000 year to day and we have no views. Im confident with a 4th bedroom and game room on each side this could do $300,000+
1-1 of 1
@joe-rohne-5735
Manage 14 total units between own and cohost.
Savvy STR Agent in Panama City Beach and team leader of the Savvy Emerald Coast Group
The Cohost Coach
Active 5d ago
Joined Oct 4, 2025
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