Transcript Why Panama City and It`s Surrounding Areas?

North Florida
Affordable Housing
Invest in an Immediate Equity, Wealth
Building Affordable Home
5,700% ROI!!!
Own Your Rent Ready North Florida Single Family
Home & Watch Your Wealth Grow (2 Year ROI*)
Down Payment: $1,500
Positive Cash Flow: $13,200 (based on $1100/month rent)
Immediate Equity: $22k (based off of appraised value)
Asset Appreciation: $32,500 (based on 14% per year)
Total 2 Year Return: 13,200k + 22,000k + 9,600 = $67,700
Cash on –Cash = 4,500%
Investor Opportunity
 Instantaneous Equity
 Positive Cash Flow
 1 Year Vacant Developer Leaseback
 Limited supply of affordable housing
 72% projected gain in home prices in the next 5 years
Investor Incentives
 Builder Pays All Closing Costs
 Construction interest paid by builder
 $0 carrying costs during construction for over 20 months (8
months construction and1st year developer leaseback)
 Rent ready single family homes in sunny North Florida where
demand of affordable housing outweighs supply
Where in North Florida?
Why Panama City and It’s Surrounding
Areas?
 CNN Money named Panama City Beach and its surrounding areas as the # 1
real estate spot in US!”
 Designation was given in 2005 and again in 2006.
 Panama City was recently ranked the #1 city for where to buy now.
 "Panama City is an economy waiting to break out," says Steven Cochrane, chief
regional economist for Moody's Economy.com.
 Other factors increasing demand:
• Property prices are still low by Florida standards,
• the local market has already absorbed a price correction after
peaking last year
 72% Projected gain in home prices (5-year)*
*Source CNN MONEY
Top 10 cities: Where to buy now
The real estate slump could get worse before it gets
better. Business 2.0 Magazine, in its November 2006
issue, identifies 10 markets that offer great opportunities
for those who have the patience to buy and hold.
1. Panama City, FL
72%
Projected gain in home prices (5-year)*
Median home price
2006: $223,000
2011: $383,000
Population
2006: 166,000
2011: 187,000
Per capita income
2006: $31,000
2011: $40,200
A small city needs one of two things to jack up housing demand: more people or wealthier people. Unlike the rest of Florida,
Panama City hasn't really attracted either, mainly because it's isolated on Florida's panhandle.
The interstate highway system bypasses it, and the runway at the local airport isn't long enough to support anything beyond
regional jets. But now Panama City is poised to host big airliners, more visitors - and a lot more buyers.
State and local governments and a top regional developer, St. Joe Co., are planning to build a new airport by 2008 at a cost of more
than $300 million. Locals expect the new facility to open up the region the way Southwest Florida International Airport in Fort Myers
helped drive a housing boom along Florida's southwestern coast in the 1980s.
"Panama City is an economy waiting to break out," says Steven Cochrane, chief regional economist for Moody's Economy.com.
Other factors increasing demand: Property prices are still low by Florida standards, and the local market has already absorbed a
price correction after peaking last year.
Janet Roan, a Century 21 agent in Panama City, notes that two-bedroom beachfront condos are going for as little as $330,000 down by more than $100,000 from 2005.
Area Information
The New Tri-County Panama
City International Airport
 State and local governments and a top regional
developer, St. Joe Co., are planning to build a new
airport by 2008 at a cost of more than $300
million.
 Locals expect the new facility to open up the region
the way Southwest Florida International Airport in
Fort Myers helped drive a housing boom along
Florida's southwestern coast in the 1980s.
 First International Airport already approved by the
FAA within 20-30 minutes from Sunny Hills &
Compass Lakes
 St. Joe’s also owns thousands of acres of land
surrounding the airport site, prime for future
development.
 St. Joe’s developments are upscale, high-end
communities, catering to retirees and professionals.
Area Information
Two Attractions Planned within 30 minutes!!!
WILD KINGDOM PARK & MUSIC PARK
In May of 2006 Mutual of Omaha Insurance spokesperson Jim Fowler, known for his
television series Wild Kingdom, announced the development of an animal theme park located
30 minutes from Sunny Hills & Compass Lakes
 The park will have an exceptional educational wildlife adventure center that will set new
standards for attractions that present both native and exotic species of animals and nature to
the public.
 Visitors will be transported in specially made vehicles to take them on a safari trek to observe
animals in
their natural state - free roaming.
 Three times the size of Disney’s animal Kingdom and more than 30 times bigger than the zoo
in Montgomery
 Projected to pump MILLIONS of dollars into the areas economy.
 Scheduled to open in spring 2008.
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Area Information

National Recreation Properties (NRPI)

Largest land marketing company in the US

Already has 4 sites selling projects in:

Hot Springs, AR

Leigh High Acres, FL

North Port, FL

Palm Bay, FL

NRPI has already allocated $1.5 million marketing dollars for their Sunny Hills
project which is expected to open up in late 2007.

The infomercial & photo ops with Eric Estrada were completed by the NRPI in
December 2006.
Area Information
Tyndall National Air Force Base

Located at a distance of one mile southeast from Panama City, Bay County, Florida,
Tyndall Air Force Base (TAFB) spreads over 28,823 acres.

The construction of the air force base started in 1941,

Taking its name from Lt. Frank B. Tyndall, a World War I hero killed in 1930.

Today the air base has the mission to train F-15 Fighter pilots and weapons system
controllers, and for this reason it is attended by many foreign students.

The Air Force Research Laboratory’s Materials and Manufacturing Directorate and the Air
Force’s Air Battle Managers have facilities at this base. Moreover, Tyndall has reached the
325th Fighter Wing training course of F-15 and F-22 pilots. According to the census of
2000, 2,757 people and 653 families resided in the base.
The Affordable Home Developments
-- Sunny Hills
Sunny Hills

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A Deed Restricted Community

20,000 entitled lots in Master Planned
Subdivision

Subdivided Buildable Lots, minimum ¼
acre lots, average size is 80’x 130’

Located just outside the Sunny Hills Golf
& Country Club which features:
18,000 Acres with spring-fed lakes

Professional course with 27 holes of
golf

Green fees in Sunny Hills are $26$34.50 per game

Other nearest golf course is in
Panama City Beach (30 miles away)

Surrounding area golf fee costs are
$65-$100
Sunny Hills

ONLY development already
completed which can readily sustain
the anticipated area growth.

All new development will take from 3
to 5 years to gain DRI approval


(DRI) Developmental Regional
Impact Study
Sunny Hills development is
grandfathered into the county an
approved DRI because it was
approved in late 1970s.
Our Builder Model
 Beacon Hill
Model
Specs:
3 Bedroom
2 Bath
2-Car Garage
1560 Living Square Feet
Investment Overview
Sunny Hills- Panama City
2 Year ROI
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Typical Lot
$
Typical Model Price
$
Net Home Price
$
**Closing Cost on Loan$
Construction Interest $
Total Purchase Price $
Total Loan Amount
$
Appraised Value
$
Total out of pocket $
15,000
142,000
157,000
10,000
6,000
173,000
173,000
195,000 (10% built in equity!)
1,500 (could be as low as $850)
Approximate Equity at Closing
Annual 2 yr Appreciation if @ 8%
Positive Cash Flow During Yr 1
Total 2 year return
Cash on Cash Return
$
$
$
$
22,000
32,500
13,200
67,700
4500%
Why Affordable Housing?
With significant growth forecast for North Florida, local
economists believe the affordable housing market represents an
excellent arena to place investment dollars for the next 5 to 7
years. Investing in the affordable housing market at this time, will
allow your investment dollars go to work at the beginning of a
tremendous growth cycle for this industry
1 Year Developer Leaseback
 NO PAYMENTS till 2009!
 Total out of pocket money to purchase is only $1,500
 Built in equity is 10%+ of sales price
 Build time is 3-5 months (no out of pocket money during this time)
 1st year leaseback covers all P.I.T.I. (principle, interest, taxes and
insurance)
 Vacant Developer Leaseback
 You can work w/ our property management firm to rent out your
property for PURE POSITIVE CASH FLOW ($1100 per month)
 THE TIME IS NOW TO BUILD YOUR PERSONAL NET WEALTH!
Factors Mitigating Risk
 Instant Equity of 10%+
 14% Projected Appreciation
 1 Year Developer Leaseback
How To Reserve This Opportunity
1. Contact the Preferred Lender to get pre-qualified
2. An agent from CIG will contact you to select Your Specially Priced Lot
3. Developer will provide contract within 3-5 business days
4. Prepare to be a proud owner of an Affordable Home in North Florida
To Purchase or For More Information:
CALL ONE OF OUR INVESTMENT SPECIALIST TODAY!!!!!
Local 239-278-0028
Toll free (866)720-1200
www.thecozzteam.com
Panama City, FL
DISCLOSURE
AS WITH ANY REAL ESTATE OWNERSHIP, PRECONSTRUCTION PURCHASES INVOLVE A SIGNIFICANT
DEGREE OF RISK OF LOSS. REAL ESTATE BY ITS NATURE IS ILLIQUID. RESLUTS OF ANY REAL ESTATE
INVESTMENT MAY BE AFFECTED BY CHANGES IN MARKET AND ECONOMIC CONDITIONS. REAL ESTATE
VALUES, NEW HOME CONSTRUCTION COSTS, AND MORTGAGE RATES AND COSTS, ARE SUBJECT TO
INCREASE AND DECREASE OVER TIME, AND THE PRICES, TERMS, CONDITIONS, AVAILABILITY AND
RESULTS RELATING TO THIS OPPORTUNITY CANNOT BE ASSURED, AND ARE SUBJECT TO CHANGE ATANY
TIME WITHOUT NOTICE. COZZA INVESTMENT GROUP, INC. OFFERS INFORMATION ABOUT THIRD PARTY
SERVICES WHICH WE BELIEVE CAN BE HELPFUL TO BUYERS IN RELATION TO THE OPPORTUNITY
DESCRIBED IN THIS PACKAGE AS A COURTESY. ANY RELATIONSHIP FORMED FOR SUCH SERVICES WILL
BE SOLELY BETWEEN THE BUYER AND THE THIRD PARTY PROVIDER, AND COZZA INVESTMENT
GROUP,INC WILL NOT BE LIABLE FOR ANY LOSSES, CLAIMS OR DAMAGES ARISING OUT OF OR RELATED
TO ANYSUCH RELATION. A BUYER IS ENTITLED TO OBTAIN A LOT OR LOTS, NEW HOME CONSTRUCTION,
MORTGAGE FINANCING, AND ANY OTHER SERVICE OR RESOURCE, FOR USE IN THIS OPPORTUNITY
THROUGH ANY SOURCE WHICH THE BUYER MAY CHOOSE. CERTAIN SERVICES MAY BE OFFERED
THOUGHAFFILIATES OF COZZA INVESTMENT GROUP, INC., AND/OR SOME OF ITS AGENTS, AND COZZA
INVESTMENT GROUP, INC., AND/OR ANY SUCH AGENTS, MAY RECEIVE PAYMENTS OR CONSIDERATION
THEREFORE WITHOUT SPECIFIC DISCLOSURE TO A BUYER. NO REPRESENTATION OR WARRANTY IS
GIVEN BY COZZA INVESTMENT GROUP, INC. FOR ANY SERVICE OR PROPERTY WHICH MAY BE
PROVIDEDBY ANY OTHER PERSON OR ENTITY, WHETHER OR NOT AFFILIATED IN ANY MANNER WITH
COZZA INVESTMENT GROUP, INC., EACH SUCH PERSON OR ENTITY BEING SOLELY RESPONSIBLE FOR
THEIR ORITS OWN ACTS AND OMISSIONS. COZZA INVESTMENT GROUP, INC., AND ITS AGENTS ARE
LICENSED REALESTATE BROKERS IN THE STATE OF FLORIDA, AND MAY BE PAID COMMISSION RELATED
TO SOME OR ALLOF THE TRANSACTIONS RALTED TO THIS OPPORTUNITY IN THEIR CAPACITYAS
TRANSACTION BROKERS.