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Padre Island Beach STR Turnkey and Cash Flowing | $400K

15224 Beach Way Dr, Corpus Christi
ROI
18.35% IRR
Strategy
Short Term Rental
$67,265 in last-12-month revenue is reported by the seller on a beachside short-term rental that conveys fully furnished and turnkey. The home sleeps up to 10, is walking distance to the beach, and has access to a heated saltwater community pool. The seller has a financing balloon coming due this fall, so I would start around $375K and see how motivated they are. Great STR tax strategy or coastal cash-flow play, with the Airbnb link below. Note there is a HOA which covers taxes and insurance at $300/ mo. The HOA is built for STRs and has favorable bylaws.

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Padre Island Beach STR Turnkey and Cash Flowing | $400K

Updated Today

15224 Beach Way Dr, Corpus Christi

Purchase Price:$380,000

Cash Outlay:$102,600

Cashflow:$448/mo

Cap Rate:7.25%

IRR:18.35%

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