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PROPERTY / DEAL DETAILS:
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Property Address31 Boulder Rd, Lake Harmony, PA 18624Bedroom Count:4
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Purchase Price$490,000Bathroom Count:2
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Listing URLLink to PhotosSquare Footage:2,012
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CASHFLOW, TAX SAVINGS AND RETURNS:NOTES:
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Cash on Cash Return (CoC):12.05%
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Annual Cash-Flow:$22,475.81
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Estimated Bonus Depreciation:$156,800.00
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Estimated Additional Offset:$140,894.91
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Total Year 1 Offset:$297,694.91
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Year 1 Estimated Net Effective Tax Savings:$110,147.12
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Year 1 Estimated Tax Savings And Cash-Flow:$132,622.92
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Year 1 ROI:71.08%
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DEAL SNAPSHOT:NOTES:
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CASH NEEDED:CASHFLOW, TAX SAVINGS AND RETURNS:
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Purchase Price:$490,000.00
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Down Payment:$49,000.00
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Mortgage Amount:$441,000.00
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Closing Costs:$14,785.02
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Seller Credit:$10,000.00
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Inspection Seller Credit:$5,000.00
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Adjusted Closing Costs:-$214.98
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Total Cash To Close:$48,785.02
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Post-Close Enhancements Budget:$137,802.40
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Total Cash Needed:$186,587.42
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MONTHLY INCOME PROJECTIONS:NOTES:
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Average Nightly Rate (ADR):$525
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Average Occupancy (OCC):60%
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Gross Booking Revenue:$9,581
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Cleaning Revenue:$1,492
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Gross Monthly Income:$11,073
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Gross Annual Revenue (Before ALL Expenses)$132,874
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Net Annual Cashflow (After ALL Expenses)$22,476
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Net Monthly Cashflow (After ALL Expenses)$1,873
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RECURRING MONTHLY EXPENSES BREAKDOWN:NOTES:
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RECURRING PAYMENTS:UTILITIES:
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Principal + Interest Payments:$2,644.02Water/Sewer:$132
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Property Taxes:$549.08Gas And Electricity:$313
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STR Insurance Policy:$120.12Internet:$90
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Flood Insurance:$0.00Cleaning:$1,492
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Private Mortgage Insurance (PMI):$170.28HOA Dues:$0
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TOTAL Monthly Mortgage Payment (PITI):$3,483.50Pest Control:$20
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Repairs And Capex:$575Lawn Care:$120
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Co-Hosting Fee:$1,725Snow Removal:$0
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Average Platform Fee:$1,150Pool/Hot Tub Maintenance:$100
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Net Annual Expenses:$110,398.39
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Net Monthly Expenses:$9,199.87
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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:$2,500
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One-Time Supplies Stocking:$1,302Games:$1,500
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Bedrooms:$20,000Firepit:$3,500
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Living Room:$5,000Hot Tub:$11,500
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Dining Room:$5,000Sauna:$13,500
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Basement:$0Artificial Turf Putting Green:$12,000
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Loft Living Area:$1,500Patio Furniture:$1,500
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Game Room:$0Pickleball Court:$35,000
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Garage:$0Pool:$0
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Kitchen enhancement:$2,500Misc Amenity 1:$0
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Misc Improvement 2:$0Misc Amenity 2:$0
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Paint/Mural:$2,000Misc Amenity 3:$0
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Designer:$16,000Misc Amenity 4:$0
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Total:$56,802Total:$81,000
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NET DESIGN AND ENHANCEMENTS BUDGET TOTAL:$137,802