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PROPERTY / DEAL DETAILS:
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>>> VIDEO BREAKDOWN <<< (CLICK HERE AND REVIEW THIS FIRST)INTERNAL USE ONLY KEY
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Property Address7430 Ventnor Dr, Tobyhanna, PA 18466Bedroom Count:4Yield21
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Purchase Price$275,000Bathroom Count:2StatePA
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Listing URLLink to PhotosSquare Footage:1,215Months left in the year7
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Is the home furnished (Y/N)Y
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CASHFLOW, TAX SAVINGS AND RETURNS:NOTES:
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Cash on Cash Return (CoC):17.41%
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Annual Cash-Flow:$33,191.12Client Credit Score780
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Estimated Bonus Depreciation:$88,000.00
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Estimated Additional Offset:$143,502.24
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Total Year 1 Offset:$231,502.24
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Year 1 Estimated Net Effective Tax Savings:$85,655.83
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Year 1 Estimated Tax Savings And Cash-Flow:$118,846.95
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Year 1 ROI:62.34%
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Case-Shiller annual appreciation assumption4.00%
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DEAL SNAPSHOT:NOTES:Interest Rate6.50%
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CASH NEEDED:CASHFLOW, TAX SAVINGS AND RETURNS:Term: (Years)30
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Purchase Price:$275,000.00# of Payments360
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Down Payment:$27,500.00Hot tub (Y/N)Yes
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Mortgage Amount:$247,500.00Pool (Y/N)No
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Closing Costs:$12,673.48HOA Fees (Month)$0.00
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Seller Credit:$7,500.00
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Inspection Seller Credit:$2,500.00
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Adjusted Closing Costs:$2,673.48
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Total Cash To Close:$30,173.48CLOSING KEY:
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Post-Close Enhancements Budget:$160,465.50Down Payment %10.00%
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Total Cash Needed:$190,638.98Closing Cost %4.61%
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Home Depreciation %32.00%
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MONTHLY INCOME PROJECTIONS:NOTES:Tax Bracket:37.00%
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Average Nightly Rate (ADR):$455Revenue potentialINCOME KEY:
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Average Occupancy (OCC):63%119k compAverage Number Of Reservations Per Month:6
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Gross Booking Revenue:$8,719118k compAverage Number Of Cleans Per Month:6
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Cleaning Revenue:$1,50098k compAverage Cleaning Revenue:$250
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Gross Monthly Income:$10,219Average Cleaning Expense:$250
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Gross Annual Revenue (Before ALL Expenses)$122,627
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Net Annual Cashflow (After ALL Expenses)$33,191
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Net Monthly Cashflow (After ALL Expenses)$2,766Gross Booking Revenue:$104,627
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Gross Yearly Revenue:$122,627
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RECURRING MONTHLY EXPENSES BREAKDOWN:NOTES:
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RECURRING PAYMENTS:UTILITIES:EXPENSE KEY:
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Principal + Interest Payments:$1,564.37Water/Sewer:$101Property Tax (Year)$2,248.00
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Property Taxes:$187.33Gas And Electricity:$280Property Tax (Month)$187.33
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STR Insurance Policy:$155.18Internet:$82Insurance (Year)$1,862.15
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Flood Insurance:$0.00Cleaning:$1,500Insurance (Month)$155.18
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Private Mortgage Insurance (PMI):$95.56HOA Dues:$149Flood Insurance (Y/N)No
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TOTAL Monthly Mortgage Payment (PITI):$2,002.44Pest Control:$20Flood Insurance ($)$0
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Repairs And Capex:$523Lawn Care:$0Flood Insurance (Monthly)$0
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Co-Hosting Fee:$1,569Snow Removal:$30
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Average Platform Fee:$1,046Pool/Hot Tub Maintenance:$150
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Net Annual Expenses:$89,436.13
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Net Monthly Expenses:$7,453.01
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ONE-TIME DESIGN AND ENHANCEMENTS BUDGET:NOTES:DESIGN KEY (INTERNAL USE ONLY)
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INTERIOR:EXTERIOR:Cost Per Square Foot:
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Handyman/General Contractor "Wear And Tear" Enhancements:$5,500Handyman/General Contractor "Wear And Tear" Enhancements:$3,500Average Cost Per Bedroom:
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One-Time Supplies Stocking:$1,143Games:$1,500
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Bedrooms:$16,000Firepit:$3,500
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Living Room:$4,000Hot Tub:$12,000
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Dining Room:$4,000Sauna:$12,000
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Basement:$0Artificial Turf Putting Green:$7,000
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Loft Living Area:$0Patio Furniture:$1,000
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Game Room:$3,500Pickleball Court:$0
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Garage:$0Pool:$70,000
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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:$1,823Misc Amenity 3:$0
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Designer:$14,000Misc Amenity 4:$0
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Total:$49,966Total:$110,500
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NET DESIGN AND ENHANCEMENTS BUDGET TOTAL:$160,466