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PROPERTY / DEAL DETAILS:
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>>> VIDEO BREAKDOWN <<< (CLICK HERE AND REVIEW THIS FIRST)
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Property Address369 Sidney Ave, Pocono Summit, PA 18346Bedroom Count:4
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Purchase Price$529,000Bathroom Count:2
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Listing URLLink to PhotosSquare Footage:2,452
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CASHFLOW, TAX SAVINGS AND RETURNS:NOTES:
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Cash on Cash Return (CoC):15.03%
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Annual Cash-Flow:$33,362.06
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Estimated Bonus Depreciation:$169,280.00
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Estimated Additional Offset:$141,492.66
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Total Year 1 Offset:$310,772.66
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Year 1 Estimated Net Effective Tax Savings:$114,985.88
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Year 1 Estimated Tax Savings And Cash-Flow:$148,347.94
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Year 1 ROI:66.85%
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DEAL SNAPSHOT:NOTES:
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CASH NEEDED:CASHFLOW, TAX SAVINGS AND RETURNS:
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Purchase Price:$529,000.00
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Down Payment:$52,900.00
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Mortgage Amount:$476,100.00
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Closing Costs:$17,448.52
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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:$12,448.52
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Total Cash To Close:$65,348.52
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Post-Close Enhancements Budget:$156,568.40
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Total Cash Needed:$221,916.92
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MONTHLY INCOME PROJECTIONS:NOTES:
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Average Nightly Rate (ADR):$575Revenue potential
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Average Occupancy (OCC):72%155k comp
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Gross Booking Revenue:$12,593114k comp
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Cleaning Revenue:$1,500
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Gross Monthly Income:$14,093
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Gross Annual Revenue (Before ALL Expenses)$169,110
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Net Annual Cashflow (After ALL Expenses)$33,362
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Net Monthly Cashflow (After ALL Expenses)$2,780
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RECURRING MONTHLY EXPENSES BREAKDOWN:NOTES:
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RECURRING PAYMENTS:UTILITIES:
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Principal + Interest Payments:$3,009.28Water/Sewer:$150
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Property Taxes:$650.00Gas And Electricity:$650
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STR Insurance Policy:$283.21Internet:$95
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Flood Insurance:$0.00Cleaning:$1,260
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Private Mortgage Insurance (PMI):$183.83HOA Dues:$95
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TOTAL Monthly Mortgage Payment (PITI):$4,126.31Pest Control:$20
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Repairs And Capex:$756Lawn Care:$129
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Co-Hosting Fee:$2,267Snow Removal:$30
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Average Platform Fee:$1,385Pool/Hot Tub Maintenance:$350
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Net Annual Expenses:$135,747.94
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Net Monthly Expenses:$11,312.33
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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:$4,000This home have already firepit, Sauna and hot tub
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One-Time Supplies Stocking:$1,390Games:$1,500
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Bedrooms:$20,000Firepit:$3,500
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Living Room:$5,000Hot Tub:$0
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Dining Room:$5,000Sauna:$0
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Basement:$0Artificial Turf Putting Green:$7,000
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Loft Living Area:$0Patio Furniture:$1,500
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Game Room:$0Pickleball Court:$35,000<<< in front of non-garage side of driveway; can also delete the patch of grass/flagpole area in center of driveway to create more space
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Garage:$8,500Above-Ground Pool:$35,000<<<includes heating unit/pump installation as well (in front of garage)
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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:$3,678Misc Amenity 3:$0
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Designer:$22,000Misc Amenity 4:$0
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Total:$69,068Total:$87,500
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NET DESIGN AND ENHANCEMENTS BUDGET TOTAL:$156,568