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PROPERTY / DEAL DETAILS:
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>>> VIDEO BREAKDOWN <<< (CLICK HERE AND REVIEW THIS FIRST)
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Property Address1182 Ridgeway Dr Unit A, Austin, TX 78702Bedroom Count:4
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Purchase Price$775,000Bathroom Count:3.5
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Listing URLLink to PhotosSquare Footage:1,944
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CASHFLOW, TAX SAVINGS AND RETURNS:NOTES:
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Cash on Cash Return (CoC):12.79%
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Annual Cash-Flow:$29,848.55
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Estimated Bonus Depreciation:$248,000.00
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Estimated Additional Offset:$154,564.05
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Total Year 1 Offset:$402,564.05
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Year 1 Estimated Net Effective Tax Savings:$148,948.70
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Year 1 Estimated Tax Savings And Cash-Flow:$178,797.25
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Year 1 ROI:76.63%
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DEAL SNAPSHOT:NOTES:
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CASH NEEDED:CASHFLOW, TAX SAVINGS AND RETURNS:
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Purchase Price:$775,000.00
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Down Payment:$77,500.00
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Mortgage Amount:$697,500.00
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Closing Costs:$21,550.49
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Seller Credit:$5,000.00
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Inspection Seller Credit:$0.00
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Adjusted Closing Costs:$16,550.49
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Total Cash To Close:$94,050.49
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Post-Close Enhancements Budget:$139,288.80
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Total Cash Needed:$233,339.29
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MONTHLY INCOME PROJECTIONS:NOTES:
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Average Nightly Rate (ADR):$750Comp 1 = $185k
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Average Occupancy (OCC):65%Comp 2 = $185k
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Gross Booking Revenue:$14,828Comp 3 = $178k
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Cleaning Revenue:$1,500
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Gross Monthly Income:$16,328
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Gross Annual Revenue (Before ALL Expenses)$195,938
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Net Annual Cashflow (After ALL Expenses)$29,849
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Net Monthly Cashflow (After ALL Expenses)$2,487
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RECURRING MONTHLY EXPENSES BREAKDOWN:NOTES:
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RECURRING PAYMENTS:UTILITIES:
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Principal + Interest Payments:$4,408.67Water/Sewer:$118
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Property Taxes:$1,098.17Gas And Electricity:$450
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STR Insurance Policy:$530.28Internet:$89
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Flood Insurance:$0.00Cleaning:$1,260
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Private Mortgage Insurance (PMI):$269.31HOA Dues:$0
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TOTAL Monthly Mortgage Payment (PITI):$6,306.43Pest Control:$20
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Repairs And Capex:$890Lawn Care:$109
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Co-Hosting Fee:$2,669Snow Removal:$0
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Average Platform Fee:$1,779Pool/Hot Tub Maintenance:$150
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Net Annual Expenses:$166,088.95
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Net Monthly Expenses:$13,840.75
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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:$3,500Handyman/General Contractor "Wear And Tear" Enhancements:$0The home itself is beautiful but it wasn't staged well and the pictures did not do it justice. Big front yard with a long drive way and a garage, with a small balcony that faces it.
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One-Time Supplies Stocking:$1,289Games:$3,000Nice living room, bedrooms and nice enough kitchen. Relatively small backyard with a tree in the middle of it. Maybe we need to cut it if possible to fit a small pool and a nice garden set up or a table game outside or just put nice pool beds and table. a BBQ grill outside.
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Bedrooms:$20,000Firepit:$3,500Add some accent walls (colored or textured), some finishing decors.
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Living Room:$5,000Hot Tub:$12,000Maybe a fire pit along with a small pool can fit in the backyard.
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Dining Room:$5,000Sauna:$12,500
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Basement:$0Artificial Turf Putting Green:$8,500
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Loft Living Area:$0Patio Furniture:$3,500
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Game Room:$0Pickleball Court:$0
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Garage:$7,500Pool:$28,000<<small above-ground pool modeling this listing's backyard setup
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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:$22,000Misc Amenity 4:$0
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Total:$68,289Total:$71,000
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NET DESIGN AND ENHANCEMENTS BUDGET TOTAL:$139,289