The Pointbreak

bed: 2    bath: 2    sq ft: 1,280    year built: 1984

  • Investors

    936

  • Purchase Price

    $395,000

6410 Sunset Avenue #A & #B is a short-term rental home in Panama City, FL. The Pointbreak is a duplex that is only three blocks away from the beach. Each side contains a one bedroom and one bathroom open layout. The kitchen has a nice sized breakfast bar and the backyard is fenced in. The property is located in a booming area and is a perfect vacation rental. For design and furnishing on this property we have partnered with Techvestor, a team comprised of highly rated superhosts & experts in rehab, design and furnishing to maximize revenue and ensure a top-of-the-line experience for guests as soon as they enter the home.

Amenities

  • Two separate units for privacy, can be rented together or separate

  • Beach accessories

  • 5 min drive to beach access

Address: 6410 Sunset Avenue #A & #B, Panama City, FL 32408

Property Management Partner

Preparing a home for the short term rental market is a multi-tiered process that begins as soon as the property is acquired. Our experienced investment team works closely with the local property managers to get it show-ready, determine optimal market rent, take high-quality photos and videos, market the rental through various online and offline channels, screen and thoroughly vet tenant applications, and finalize the lease terms. Below you can find more information regarding this offering's property management partner and the expected rent-ready date.

Roseus Hospitality

Roseus is redefining hospitality within the vacation home rental market. Through exemplary guest service standards, Roseus Hospitality Group offers owners and guests the service experienced at a luxury hotel for over 40 properties in several Florida markets. With administrative background from both Disney & Universal hospitality groups, it’s no wonder Roseus maintains ratings of 4.8 and 4.9 on Airbnb and VRBO respectively. Personalized service, adaptability, and socially-conscious management elevate Roseus from its peers and cements its status as the Modern Mark of Hospitality™. Additionally, a portion of all rental proceeds is donated to a local charity allowing our owners and guests to vacation for good.

  • Rent-Ready Date

    December 2022

  • Property Leverage & Volatility

    The potential financial returns you can earn are often linked to the potential risk and volatility. Adding leverage or debt to properties can amplify the potential return in exchange for higher potential volatility.

    Property Leverage

    42%

    Lower

    Higher

    Property Equity Volatility
    Relative to comparable properties on the Arrived platform, this property may carry average potential for equity returns, but also carries average potential for volatility given the amount of leverage used on the property.
    The Market

    Real estate values and returns are highly dependent on location. In general, properties in more affordable markets will have higher cash flow (potential dividends), and properties in more expensive markets will have higher appreciation. Arrived strives to give investors options to choose how much they invest in appreciation markets, cash flow markets, or balanced markets.

    The economy of the local city and market will dictate the potential returns of an investment. In general, some markets see high appreciation of home values, some have higher cash flow (dividends), and some have a mix of the two.

    Panama City, FL

    Panama City Beach was ranked #2 in Tripadvisor's “Emerging Destination” in the world by Tripadvisor's Travelers Choice 2021. Home to 27 miles of beautiful white sand beaches, with two beachfront state parks, 100 public beach access points, and 320 days of Florida sunshine a year, it’s no wonder why PCB has become a top destination for people around the world.

    Market Grade

    Offering Details

    The Offering Details provide a breakdown of the financials for a specific property offering. The Offering Details show the operating plan for the property, including how the Raise Amount proceeds will be used. For transparency, we also like to share a breakdown of the Arrived fees. And if you're interested in more information, we also link to other resource documents that go into more depth around each offering.

    • Property Purchase Price

      $395,000

    • Property Improvements & Cash Reserves

      $160,700

    • Closing Costs, Offering Costs & Holding Costs

      $39,058

    • Arrived Sourcing Fee (One-time)

      $19,750

    Total Property Amount

    $614,508

    Property Loan Amount

    $165,900

    Financing: 42%

    Interest Rate: 6.625%


    Equity Raised from Investors

    $448,610

    • IPO Price Per Share

      $10

    • Total Shares

      44,861

    Hold Period

    5-15 years

    Arrived AUM Fee (Quarterly)

    • Purchase Price: 0.125% of the property purchase price (quarterly)

    • Gross Rents Fee: 5% of Gross Rents

    Property Management Fees (Roseus Hospitality)

    • Gross Rents Fee: 15% (up to 20% depending on the performance of the property)

    • Furniture, Fixtures and Equipment: Included in the use of proceeds listed above when our property manager partners assist in the furnishing and property update process.

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    No need to worry, all Arrived rental properties go through our rigorous selection process and have been pre-vetted for their investment potential by our acquisitions team (more info). Rather than focusing on selecting individual properties to invest in, many Arrived investors simply distribute their investment across several available properties to achieve portfolio diversification.

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    $448,610

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