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PROPERTY / DEAL DETAILS:
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Property Address2425 W Impala Cir, Mesa, AZ 85202Bedroom Count:5
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Purchase Price$885,000Bathroom Count:3
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Listing URLLink to PhotosSquare Footage:2,971
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CASHFLOW, TAX SAVINGS AND RETURNS:NOTES:
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Cash on Cash Return (CoC):15.62%
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Annual Cash-Flow:$54,511.61
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Estimated Bonus Depreciation:$283,200.00
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Estimated Additional Offset:$200,353.31
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Total Year 1 Offset:$483,553.31
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Year 1 Estimated Net Effective Tax Savings:$178,914.72
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Year 1 Estimated Tax Savings And Cash-Flow:$233,426.33
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Year 1 ROI:66.88%
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DEAL SNAPSHOT:NOTES:
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CASH NEEDED:CASHFLOW, TAX SAVINGS AND RETURNS:
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Purchase Price:$885,000.00
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Down Payment:$88,500.00
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Mortgage Amount:$796,500.00
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Closing Costs:$15,918.21
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Seller Credit:$16,000.00
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Inspection Seller Credit:$0.00
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Adjusted Closing Costs:-$81.79
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Total Cash To Close:$88,418.21
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Post-Close Enhancements Budget:$260,594.20
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Total Cash Needed:$349,012.41
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MONTHLY INCOME PROJECTIONS:NOTES:
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Average Nightly Rate (ADR):$775Top homes I’m using for improvement inspiration
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Average Occupancy (OCC):75%$213k
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Gross Booking Revenue:$17,680$170k
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Cleaning Revenue:$1,500$148k
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Gross Monthly Income:$19,180
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Gross Annual Revenue (Before ALL Expenses)$230,156
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Net Annual Cashflow (After ALL Expenses)$54,512
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Net Monthly Cashflow (After ALL Expenses)$4,543
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RECURRING MONTHLY EXPENSES BREAKDOWN:NOTES:
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RECURRING PAYMENTS:UTILITIES:
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Principal + Interest Payments:$4,969.12Water/Sewer:$175
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Property Taxes:$275.50Gas And Electricity:$488
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STR Insurance Policy:$457.48Internet:$105
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Flood Insurance:$150.00Cleaning:$1,500
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Private Mortgage Insurance (PMI):$307.54HOA Dues:$56
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TOTAL Monthly Mortgage Payment (PITI):$6,159.64Pest Control:$20
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Repairs And Capex:$750Lawn Care:$80
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Co-Hosting Fee:$3,182Snow Removal:$0
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Average Platform Fee:$2,122Pool/Hot Tub Maintenance:$0
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Net Annual Expenses:$175,644.64
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Net Monthly Expenses:$14,637.05
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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:$1,500Handyman/General Contractor "Wear And Tear" Enhancements:$2,500pool
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One-Time Supplies Stocking:$1,594Games:$1,500hot tub
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Bedrooms:$25,000Firepit:$3,500garage can be converted into movie room/game room
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Living Room:$6,500Hot Tub:$10,000fire pit
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Dining Room:$7,500Sauna:$12,500
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Basement:$0Artificial Turf Putting Green:$10,000
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Loft Living Area:$0Patio Furniture:$2,500
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Game Room:$0Pickleball Court:$35,000
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Garage:$10,000Pool:$85,000
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Misc Improvement 1:$0String Lights$1,500
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Misc Improvement 2:$0Assumption: Concrete Pouring For Patio Backyard$22,000
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Paint/Mural:$5,000Misc Amenity 3:$0
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Designer:$17,500Misc Amenity 4:$0
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Total:$74,594Total:$186,000
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NET DESIGN AND ENHANCEMENTS BUDGET TOTAL:$260,594