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PROPERTY / DEAL DETAILS:
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>>> VIDEO BREAKDOWN <<< (CLICK HERE AND REVIEW THIS FIRST)
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Property Address13207 Fencerail Rd, Manchaca, TX 78652Bedroom Count:4<<< we have a team of GC's that should be able to drywall the loft area upstairs to a fourth bedroom (conversion) and it should be doable for under $6k-$8k all-in
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Purchase Price$750,000Bathroom Count:2.5
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Listing URLLink to PhotosSquare Footage:2,311
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CASHFLOW, TAX SAVINGS AND RETURNS:NOTES:
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Cash on Cash Return (CoC):11.43%
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Annual Cash-Flow:$36,550.34
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Estimated Bonus Depreciation:$240,000.00
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Estimated Additional Offset:$189,732.15
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Total Year 1 Offset:$429,732.15
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Year 1 Estimated Net Effective Tax Savings:$159,000.90
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Year 1 Estimated Tax Savings And Cash-Flow:$195,551.23
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Year 1 ROI:61.15%
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DEAL SNAPSHOT:NOTES:
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CASH NEEDED:CASHFLOW, TAX SAVINGS AND RETURNS:
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Purchase Price:$750,000.00
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Down Payment:$75,000.00
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Mortgage Amount:$675,000.00
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Closing Costs:$18,939.90
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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:$3,939.90
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Total Cash To Close:$78,939.90
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Post-Close Enhancements Budget:$240,862.20
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Total Cash Needed:$319,802.10
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MONTHLY INCOME PROJECTIONS:NOTES:
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Average Nightly Rate (ADR):$800Comp 1 = $195k
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Average Occupancy (OCC):60%Comp 2 = $199k
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Gross Booking Revenue:$14,600Comp 3 = $194k
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Cleaning Revenue:$1,500Comp 4 = $166k
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Gross Monthly Income:$16,100Comp 5 = $165k
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Gross Annual Revenue (Before ALL Expenses)$193,200
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Net Annual Cashflow (After ALL Expenses)$36,550
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Net Monthly Cashflow (After ALL Expenses)$3,046
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RECURRING MONTHLY EXPENSES BREAKDOWN:NOTES:
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RECURRING PAYMENTS:UTILITIES:
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Principal + Interest Payments:$4,266.46Water/Sewer:$128
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Property Taxes:$753.17Gas And Electricity:$575
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STR Insurance Policy:$513.98Internet:$93
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Flood Insurance:$0.00Cleaning:$1,260
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Private Mortgage Insurance (PMI):$260.63HOA Dues:$0
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TOTAL Monthly Mortgage Payment (PITI):$5,794.23Pest Control:$20
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Repairs And Capex:$876Lawn Care:$116
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Co-Hosting Fee:$2,628Snow Removal:$0
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Average Platform Fee:$1,314Pool/Hot Tub Maintenance:$250
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Net Annual Expenses:$156,649.66
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Net Monthly Expenses:$13,054.14
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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:$2,500Handyman/General Contractor "Wear And Tear" Enhancements:$7,500This home is really nice and beautifully designed with a lot of potential from its turfed big lot.
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One-Time Supplies Stocking:$1,362Games:$3,000Resort type pool with all its furnitures and design. Hot tub. Sauna
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Bedrooms:$20,000Firepit:$3,500Fire pit, outside kitchen w/ a BBQ grill.
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Living Room:$5,000Hot Tub:$10,000
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Dining Room:$5,000Sauna:$10,000Accent walls.
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Basement:$0Artificial Turf Putting Green:$12,500
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Loft Living Area:$0Patio Furniture:$0
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Game Room:$0Pickleball Court:$35,000
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Garage:$7,500Pool:$85,000
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Fourth Bedroom Conversion (Loft To Bedroom)$6,000Misc Amenity 1:$0
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Misc Improvement 2:$0Misc Amenity 2:$0
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Paint/Mural:$5,000Misc Amenity 3:$0
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Designer:$22,000Misc Amenity 4:$0
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Total:$74,362Total:$166,500
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NET DESIGN AND ENHANCEMENTS BUDGET TOTAL:$240,862