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PROPERTY / DEAL DETAILS:
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Property Address26110 Big Pine Rd, Rockbridge, OH 43149Bedroom Count:5
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Purchase Price$780,000Bathroom Count:2
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Listing URLLink to PhotosSquare Footage:2,256
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CASHFLOW, TAX SAVINGS AND RETURNS:NOTES:
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Cash on Cash Return (CoC):10.06%
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Annual Cash-Flow:$32,413.90
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Estimated Bonus Depreciation:$249,600.00
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Estimated Additional Offset:$180,607.45
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Total Year 1 Offset:$430,207.45
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Year 1 Estimated Net Effective Tax Savings:$159,176.76
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Year 1 Estimated Tax Savings And Cash-Flow:$191,590.66
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Year 1 ROI:59.45%
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Total 5-Year Internal Rate Of Return:22.30%
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DEAL SNAPSHOT:NOTES:
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CASH NEEDED:CASHFLOW, TAX SAVINGS AND RETURNS:
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Purchase Price:$780,000.00
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Down Payment:$78,000.00
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Mortgage Amount:$702,000.00
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Closing Costs:$73,312.50
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Seller Credit:$15,000.00
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Inspection Seller Credit:$0.00
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Adjusted Closing Costs:$58,312.50
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Total Cash To Close:$136,312.50
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Post-Close Enhancements Budget:$185,951.20
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Total Cash Needed:$322,263.70
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MONTHLY INCOME PROJECTIONS:NOTES:
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Average Nightly Rate (ADR):$875
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Average Occupancy (OCC):52%
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Gross Booking Revenue:$13,840
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Cleaning Revenue:$1,727
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Gross Monthly Income:$15,566
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Gross Annual Revenue (Before ALL Expenses)$186,797
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Net Annual Cashflow (After ALL Expenses)$32,414
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Net Monthly Cashflow (After ALL Expenses)$2,701
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RECURRING MONTHLY EXPENSES BREAKDOWN:NOTES:
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RECURRING PAYMENTS:UTILITIES:
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Principal + Interest Payments:$4,208.84Water/Sewer:$145
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Property Taxes:$762.50Gas And Electricity:$378
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STR Insurance Policy:$147.56Internet:$98
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Flood Insurance:$0.00Cleaning:$1,727
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Private Mortgage Insurance (PMI):$271.05HOA Dues:$0
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TOTAL Monthly Mortgage Payment (PITI):$5,389.95Pest Control:$20
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Repairs And Capex:$830Lawn Care:$125
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Co-Hosting Fee:$2,491Snow Removal:$0
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Average Platform Fee:$1,661Pool/Hot Tub Maintenance:$0
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Net Annual Expenses:$154,382.70
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Net Monthly Expenses:$12,865.22
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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:$2,500Handyman/General Contractor "Wear And Tear" Enhancements:$0
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One-Time Supplies Stocking:$1,451Games:$0
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Bedrooms:$25,000Firepit:$2,500Pool, Hot Tub, Sauna, Game/Theatre Room, Fire Pit
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Living Room:$5,000Hot Tub:$0Competitive Edge: Pickleball
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Dining Room:$5,000Sauna:$10,000
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Basement:$0Artificial Turf Putting Green:$0
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Loft Living Area:$0Patio Furniture:$2,000
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Game Room:$2,500Pickleball Court:$35,000
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Garage:$0Pool:$75,000
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Misc Improvement 1:$0Volleyball$5,000
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Misc Improvement 2:$0Misc Amenity 2:$0
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Paint/Mural:$5,000Misc Amenity 3:$0
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Designer:$10,000Misc Amenity 4:$0
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Total:$56,451Total:$129,500
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NET DESIGN AND ENHANCEMENTS BUDGET TOTAL:$185,951