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PROPERTY / DEAL DETAILS:
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Property Address77 Green Briar Trl, Broken Bow, OK 74728Bedroom Count:5
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Purchase Price$805,000Bathroom Count:4
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Listing URLLink to PhotosSquare Footage:2,599
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CASHFLOW, TAX SAVINGS AND RETURNS:NOTES:
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Cash on Cash Return (CoC):12.16%
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Annual Cash-Flow:$36,953.90
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Estimated Bonus Depreciation:$257,600.00
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Estimated Additional Offset:$177,169.80
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Total Year 1 Offset:$434,769.80
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Year 1 Estimated Net Effective Tax Savings:$160,864.83
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Year 1 Estimated Tax Savings And Cash-Flow:$434,769.80
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Total Year 1 Internal Rate Of Return:55.16%
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DEAL SNAPSHOT:NOTES:
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CASH NEEDED:CASHFLOW, TAX SAVINGS AND RETURNS:
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Purchase Price:$805,000.00
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Down Payment:$80,500.00
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Mortgage Amount:$724,500.00
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Closing Costs:$9,500.00
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Seller Credit:$15,000.00
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Inspection Seller Credit:$0.00
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Adjusted Closing Costs:-$5,500.00
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Total Cash To Close:$75,000.00
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Post-Close Enhancements Budget:$229,019.80
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Total Cash Needed:$304,019.80
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MONTHLY INCOME PROJECTIONS:NOTES:
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Average Nightly Rate (ADR):$800
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Average Occupancy (OCC):60%
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Gross Booking Revenue:$14,600
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Cleaning Revenue:$2,100
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Gross Monthly Income:$16,700
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Gross Annual Income:$200,400
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Net Annual Cashflow (After ALL Expenses)$36,954
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Net Monthly Cashflow (After ALL Expenses)$3,079
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RECURRING MONTHLY EXPENSES BREAKDOWN:NOTES:
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RECURRING PAYMENTS:UTILITIES:
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Principal + Interest Payments:$4,285.69Water/Sewer:$161
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Property Taxes:$500.00Gas And Electricity:$435
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STR Insurance Policy:$350.00Internet:$101
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Flood Insurance:$0.00Cleaning:$2,100
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Private Mortgage Insurance (PMI):$279.74HOA Dues:$0
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TOTAL Monthly Mortgage Payment (PITI):$5,415.43Pest Control:$20
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Repairs And Capex:$876Lawn Care:$132
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Co-Hosting Fee:$2,628Snow Removal:$0
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Average Platform Fee:$1,752Pool/Hot Tub Maintenance:$0
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Net Annual Expenses:$163,446.10
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Net Monthly Expenses:$13,620.51
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ONE-TIME DESIGN AND ENHANCEMENTS BUDGET:NOTES:
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INTERIOR:EXTERIOR:
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Handyman/General Contractor "Wear And Tear" Enhancements:$15,000Handyman/General Contractor "Wear And Tear" Enhancements:$5,000
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One-Time Supplies Stocking:$1,520Games:$1,500
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Bedrooms:$25,000Firepit:$3,500
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Living Room:$5,000Hot Tub:
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Dining Room:$5,000Sauna:$10,000
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Basement:$0Artificial Turf Putting Green:$10,000
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Loft Living Area:$0Patio Furniture:$1,000
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Game Room:$2,500Pickleball Court:$35,000
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Garage:$0Pool:$85,000
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Misc Improvement 1:$0Misc Amenity 1:$0
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Misc Improvement 2:$0Misc Amenity 2:$0
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Paint/Mural:$4,000Misc Amenity 3:$0
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Designer:$20,000Misc Amenity 4:$0
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Total:$78,020Total:$151,000
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NET DESIGN AND ENHANCEMENTS BUDGET TOTAL:$229,020