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PROPERTY / DEAL DETAILS:
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>>> VIDEO BREAKDOWN <<< (CLICK HERE AND REVIEW THIS FIRST)
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Property Address2840 Cottonwood Drive, Denver, COBedroom Count:5
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Purchase Price$510,000Bathroom Count:3
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Listing URLLink to PhotosSquare Footage:2,000
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CASHFLOW, TAX SAVINGS AND RETURNS:NOTES:
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Cash on Cash Return (CoC):14.55%
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Annual Cash-Flow:$31,531.06
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Estimated Bonus Depreciation:$163,200.00
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Estimated Additional Offset:$162,185.63
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Total Year 1 Offset:$325,385.63
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Year 1 Estimated Net Effective Tax Savings:$120,392.68
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Year 1 Estimated Tax Savings And Cash-Flow:$151,923.74
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Year 1 ROI:70.08%
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DEAL SNAPSHOT:NOTES:
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CASH NEEDED:CASHFLOW, TAX SAVINGS AND RETURNS:
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Purchase Price:$510,000.00
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Down Payment:$51,000.00
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Mortgage Amount:$459,000.00
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Closing Costs:$11,371.25
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Seller Credit:$10,000.00
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Inspection Seller Credit:$0.00
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Adjusted Closing Costs:$1,371.25
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Total Cash To Close:$52,371.25
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Post-Close Enhancements Budget:$164,400.00
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Total Cash Needed:$216,771.25
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MONTHLY INCOME PROJECTIONS:NOTES:
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Average Nightly Rate (ADR):$500
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Average Occupancy (OCC):69%
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Gross Booking Revenue:$10,494
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Cleaning Revenue:$1,680
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Gross Monthly Income:$12,174
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Gross Annual Revenue (Before ALL Expenses)$146,085
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Net Annual Cashflow (After ALL Expenses)$31,531
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Net Monthly Cashflow (After ALL Expenses)$2,628
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RECURRING MONTHLY EXPENSES BREAKDOWN:NOTES:
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RECURRING PAYMENTS:UTILITIES:
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Principal + Interest Payments:$2,751.94Water/Sewer:$108
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Property Taxes:$182.75Gas And Electricity:$298
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STR Insurance Policy:$216.00Internet:$95
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Flood Insurance:$0.00Cleaning:$1,680
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Private Mortgage Insurance (PMI):$177.23HOA Dues:$0
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TOTAL Monthly Mortgage Payment (PITI):$3,327.91Pest Control:$20
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Repairs And Capex:$630Lawn Care:$90
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Co-Hosting Fee:$1,889Snow Removal:$0
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Average Platform Fee:$1,259Pool/Hot Tub Maintenance:$150
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Net Annual Expenses:$114,553.94
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Net Monthly Expenses:$9,546.16
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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:$4,500Handyman/General Contractor "Wear And Tear" Enhancements:$2,500
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One-Time Supplies Stocking:$1,400Games:$1,500
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Bedrooms:$20,000Firepit:$3,500
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Living Room:$5,500Hot Tub:$10,000
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Dining Room:$3,500Sauna:$10,000
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Basement:$5,000Artificial Turf Putting Green:$9,500
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Loft Living Area:$0Patio Furniture:$3,500
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Game Room:$2,500Pickleball Court:$30,000
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Garage Conversion - Golf Sim; AC Splitter; Movie Theater Setup:$16,500Pool:$0
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Misc Improvement 1:$0Landscaping Team$5,000
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Misc Improvement 2:$0Emory 9 Foot Outdoor Kitchen$8,500
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Paint/Mural:$2,000Misc Amenity 3:$0
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Designer:$19,500Misc Amenity 4:$0
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Total:$80,400Total:$84,000
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NET DESIGN AND ENHANCEMENTS BUDGET TOTAL:$164,400