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PROPERTY / DEAL DETAILS:
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Property Address113 N Audrey Cir NW, Fort Walton Beach, FL 32548Bedroom Count:4
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Purchase Price$315,000Bathroom Count:2
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Listing URLLink to PhotosSquare Footage:1,464
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CASHFLOW, TAX SAVINGS AND RETURNS:NOTES:
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Cash on Cash Return (CoC):10.39%
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Annual Cash-Flow:$25,157.31
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Estimated Bonus Depreciation:$100,800.00
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Estimated Additional Offset:$154,392.80
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Total Year 1 Offset:$255,192.80
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Year 1 Estimated Net Effective Tax Savings:$94,421.34
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Year 1 Estimated Tax Savings And Cash-Flow:$119,578.64
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Year 1 ROI:49.37%
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DEAL SNAPSHOT:NOTES:
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CASH NEEDED:CASHFLOW, TAX SAVINGS AND RETURNS:
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Purchase Price:$315,000.00
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Down Payment:$31,500.00
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Mortgage Amount:$283,500.00
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Closing Costs:$16,000.00
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Seller Credit:$0.00
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Inspection Seller Credit:$0.00
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Adjusted Closing Costs:$16,000.00
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Total Cash To Close:$47,500.00
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Post-Close Enhancements Budget:$194,692.80
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Total Cash Needed:$242,192.80
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MONTHLY INCOME PROJECTIONS:NOTES:
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Average Nightly Rate (ADR):$415
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Average Occupancy (OCC):69%$111k Comp
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Gross Booking Revenue:$8,710$103k Comp
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Cleaning Revenue:$1,500$77k Comp
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Gross Monthly Income:$10,210$69k Comp
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Gross Annual Revenue (Before ALL Expenses)$122,518$68k Comp
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Net Annual Cashflow (After ALL Expenses)$25,157$63k Comp
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Net Monthly Cashflow (After ALL Expenses)$2,096
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RECURRING MONTHLY EXPENSES BREAKDOWN:NOTES:
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RECURRING PAYMENTS:UTILITIES:
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Principal + Interest Payments:$1,727.16Water/Sewer:$111
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Property Taxes:$366.33Gas And Electricity:$325
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STR Insurance Policy:$375.00Internet:$85
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Flood Insurance:$0.00Cleaning:$1,500
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Private Mortgage Insurance (PMI):$109.46HOA Dues:$0
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TOTAL Monthly Mortgage Payment (PITI):$2,577.96Pest Control:$20
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Repairs And Capex:$523Lawn Care:$109
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Co-Hosting Fee:$1,568Snow Removal:$0
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Average Platform Fee:$1,045Pool/Hot Tub Maintenance:$250
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Net Annual Expenses:$97,360.44
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Net Monthly Expenses:$8,113.37
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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:$6,500Handyman/General Contractor "Wear And Tear" Enhancements:$4,500home needs a pool to compete - home has a large backyard where we can add a pool
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One-Time Supplies Stocking:$1,193Games:$2,500firepit
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Bedrooms:$18,000Firepit:$3,500game room
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Living Room:$4,000Hot Tub:$10,000
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Dining Room:$3,500Sauna:$0likely need to choose one of hot tub/sauna in exterior
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Basement:$0Artificial Turf Putting Green:$8,500
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Loft Living Area:$0Patio Furniture:$2,500
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Game Room:$0Pickleball Court:$25,000
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Garage:$0Pool:$75,000
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Misc Improvement 1:$0Tree Removal$8,500
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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:$17,500Misc Amenity 4:$0
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Total:$54,693Total:$140,000
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NET DESIGN AND ENHANCEMENTS BUDGET TOTAL:$194,693