The Pointbreak

Vacation Rental

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

  • Investors

    934

  • Purchase Price

    $375,000

  • Property Leverage

    42%

  • 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 50 properties in several markets. With administrative background from both Disney & Universal hospitality groups, it’s no wonder Roseus maintains excellent ratings and reviews on Airbnb and VRBO. 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

  • First Dividend Date

    January 2023

  • 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, FL is a picturesque destination located on the Gulf of Mexico with over 27 miles of beautiful, white-sand beaches. The city boasts a warm and sunny climate year-round, making it the perfect spot for beach vacations. The area is also home to numerous attractions, such as water parks, golf courses, and amusement parks, making it a great destination for families. Visitors can enjoy fresh seafood and local cuisine at the many restaurants and cafes, or indulge in shopping and nightlife at nearby attractions. Whether you're looking for relaxation or adventure, Panama City Beach offers something for everyone.

    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

      $375,000

    • Property Improvements & Cash Reserves

      $175,070

    • Closing Costs, Offering Costs & Holding Costs

      $38,938

    • Arrived Sourcing Fee (One-time)

      $18,750

    Total Property Amount

    $607,758

    Property Loan Amount

    $157,500

    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 Revenue

    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.

    Common Questions

    Arrived acquires rental properties into an LLC and sells shares in that LLC to the general public. Arrived then manages the day to day operations including finding tenants and completing repairs.Investors receive cash dividends from rental income each quarter and capture any property value appreciation.

    Investing in Arrived rental properties can deliver returns to investors in two different ways:

    1) Dividends from the rental income on each property; currently paid out to investors quarterly
    2) Appreciation from the change in property value that will be realized at the end of the investment hold period

    The below table shows the estimated historical return range for a diversified portfolio of properties for each investment strategy. Actual returns for individual properties will vary and may over or under perform these ranges. Diversifying across several properties and across asset types can be a helpful strategy for minimizing individual property risk.

    Estimated Historical Annual Return Range for Diversified Portfolios

     Single Family ResidentialVacation Rental
    Without Leverage6% to 10%5.5% to 12%
    With Leverage7% to 12%6% to 15%
    Target Investment Period5-7 Years5-15 Years
    Return ranges are inclusive of all estimated costs, including property Operating, Finance, Legal, and Management Expenses, the Arrived Sourcing Fee, the AUM Fee, other upfront expenses, and costs associated with selling the property. Returns are calculated using the IRR formula.

    Learn More

    Preparing a newly-funded vacation rental for bookings can take an average of 1-3 months depending on a number of factors for each property. We work with experienced design & furnishing partners that have a strong track record of standing up and operating top performing vacation rentals quickly and efficiently. Together with these partners we develop a property theme, set a budget and timeline, and work with local contractors, furniture suppliers, and our property managers to ready not only the property but also all the additional services (cleaning, customer support, pricing optimization, …etc).

    Learn More

    With real estate, it can be beneficial to invest in multiple properties and markets to achieve portfolio diversification. Diversifying your portfolio can be a good way to reduce exposure to risk from an individual property, tenant, or market forces.

    Currently investors will need to plan to hold their shares for the full investment period until the property is sold and investors are paid their proportional proceeds from the sale. We anticipate filing a secondary trading market with the U.S. Securities & Exchange Commission (SEC) as an option for liquidity during the investment period, however there can be no guarantee when that will be available. Please submit your email if you would like to be notified of future developments.

    Arrived strives to give investors the opportunity to build wealth through real estate. Historically, real estate returns have been maximized when treated as a long-term investment over multiple years. Arrived property offerings typically have a 5 year minimum investment period before a property would be sold.

    Disclaimer:

    There is currently no public trading market for our Interests, and an active market may not develop or be sustained. There is no guarantee that appropriate regulatory approval to permit such secondary trading will ever be obtained. If an active public trading market for our securities does not develop or is not sustained, it may be difficult or impossible for you to resell your shares at any price before the end of the investment period. Even if a public market does develop, the market price could decline below the amount you paid for your shares, and there may be fees involved. Please refer to our offering circular for more details regarding potential distributions.

    Don't know which property to choose?

    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

    invested

    934 investors
    100% funded