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PROPERTY / DEAL DETAILS:
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Property Address11 Key Gln, Albrightsville, PA 18210Bedroom Count:4
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Purchase Price$449,000Bathroom Count:3
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Listing URLLink to PhotosSquare Footage:2100
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CASHFLOW, TAX SAVINGS AND RETURNS:NOTES:
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Cash on Cash Return (CoC):13.03%
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Annual Cash-Flow:$24,609.89
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Estimated Bonus Depreciation:$143,680.00
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Estimated Additional Offset:$146,898.25
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Total Year 1 Offset:$290,578.25
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Year 1 Estimated Net Effective Tax Savings:$107,513.95
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Year 1 Estimated Tax Savings And Cash-Flow:$132,123.85
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Year 1 ROI:69.93%
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DEAL SNAPSHOT:NOTES:
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CASH NEEDED:CASHFLOW, TAX SAVINGS AND RETURNS:
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Purchase Price:$449,000.00
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Down Payment:$44,900.00
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Mortgage Amount:$404,100.00
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Closing Costs:$17,056.50
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Seller Credit:$15,000.00
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Inspection Seller Credit:$7,500.00
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Adjusted Closing Costs:-$5,443.50
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Total Cash To Close:$39,456.50
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Post-Close Enhancements Budget:$149,470.00
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Total Cash Needed:$188,926.50
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MONTHLY INCOME PROJECTIONS:NOTES:
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Average Nightly Rate (ADR):$550
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Average Occupancy (OCC):60%$173k Comp
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Gross Booking Revenue:$10,038$157k Comp
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Cleaning Revenue:$1,518$97k Comp
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Gross Monthly Income:$11,556$94k Comp
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Gross Annual Revenue (Before ALL Expenses)$138,666
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Net Annual Cashflow (After ALL Expenses)$24,610
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Net Monthly Cashflow (After ALL Expenses)$2,051
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RECURRING MONTHLY EXPENSES BREAKDOWN:NOTES:
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RECURRING PAYMENTS:UTILITIES:
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Principal + Interest Payments:$2,396.86Water/Sewer:$137
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Property Taxes:$534.50Gas And Electricity:$425
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STR Insurance Policy:$234.58Internet:$91
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Flood Insurance:$0.00Cleaning:$1,518
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Private Mortgage Insurance (PMI):$156.03HOA Dues:$56
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TOTAL Monthly Mortgage Payment (PITI):$3,321.98Pest Control:$20
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Repairs And Capex:$602Lawn Care:$122
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Co-Hosting Fee:$1,807Snow Removal:$50
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Average Platform Fee:$1,205Pool/Hot Tub Maintenance:$150
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Net Annual Expenses:$114,056.11
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Net Monthly Expenses:$9,504.68
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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:$7,500Handyman/General Contractor "Wear And Tear" Enhancements:$7,500game room
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One-Time Supplies Stocking:$1,320Games:$1,500firepit
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Bedrooms:$20,000Firepit:$3,500hot tub
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Living Room:$7,500Hot Tub:$0sauna
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Dining Room:$5,000Sauna:$15,000outdoor kids play area, swing and slide
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Basement:$0Artificial Turf Putting Green:$10,000theater room
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Loft Living Area:$0Patio Furniture:$1,500nick notes: adding in cell C56 for potential flooring upgrade
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Game Room:$3,500Pickleball Court:$35,000
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Garage:$0Pool:$0
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Theater Room:$5,000Stone Patio Backyard$5,000
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Misc Improvement 2:$0Misc Amenity 2:$0
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Paint/Mural:$3,150Misc Amenity 3:$0
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Designer:$17,500Misc Amenity 4:$0
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Total:$70,470Total:$79,000
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NET DESIGN AND ENHANCEMENTS BUDGET TOTAL:$149,470