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PROPERTY / DEAL DETAILS:
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>>> VIDEO BREAKDOWN <<< (CLICK HERE AND REVIEW THIS FIRST)
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Property Address3360 W Ivanhoe Ct, Chandler, AZ 85226Bedroom Count:5
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Purchase Price$695,000Bathroom Count:3
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Listing URLLink to PhotosSquare Footage:2,908
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CASHFLOW, TAX SAVINGS AND RETURNS:NOTES:
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Cash on Cash Return (CoC):14.58%
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Annual Cash-Flow:$40,348.38
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Estimated Bonus Depreciation:$222,400.00
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Estimated Additional Offset:$173,125.56
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Total Year 1 Offset:$395,525.56
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Year 1 Estimated Net Effective Tax Savings:$146,344.46
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Year 1 Estimated Tax Savings And Cash-Flow:$186,692.84
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Year 1 ROI:67.48%
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DEAL SNAPSHOT:NOTES:
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CASH NEEDED:CASHFLOW, TAX SAVINGS AND RETURNS:
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Purchase Price:$695,000.00
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Down Payment:$69,500.00
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Mortgage Amount:$625,500.00
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Closing Costs:$14,087.91
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Seller Credit:$25,000.00
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Inspection Seller Credit:$0.00
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Adjusted Closing Costs:-$10,912.09
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Total Cash To Close:$58,587.91
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Post-Close Enhancements Budget:$218,081.60
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Total Cash Needed:$276,669.51
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MONTHLY INCOME PROJECTIONS:NOTES:
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Average Nightly Rate (ADR):$800
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Average Occupancy (OCC):60%$213k
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Gross Booking Revenue:$14,600$148k
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Cleaning Revenue:$1,500$109k
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Gross Monthly Income:$16,100$104k
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Gross Annual Revenue (Before ALL Expenses)$193,200$103k
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Net Annual Cashflow (After ALL Expenses)$40,348
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Net Monthly Cashflow (After ALL Expenses)$3,362
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RECURRING MONTHLY EXPENSES BREAKDOWN:NOTES:
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RECURRING PAYMENTS:UTILITIES:
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Principal + Interest Payments:$3,953.59Water/Sewer:$172
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Property Taxes:$319.83Gas And Electricity:$479
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STR Insurance Policy:$362.42Internet:$104
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Flood Insurance:$0.00Cleaning:$1,500
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Private Mortgage Insurance (PMI):$241.51HOA Dues:$0
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TOTAL Monthly Mortgage Payment (PITI):$4,877.35Pest Control:$20
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Repairs And Capex:$876Lawn Care:$79
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Co-Hosting Fee:$2,628Snow Removal:$0
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Average Platform Fee:$1,752Pool/Hot Tub Maintenance:$250
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Net Annual Expenses:$152,851.62
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Net Monthly Expenses:$12,737.63
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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:$2,500pool
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One-Time Supplies Stocking:$1,582Games:$2,500fire pit
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Bedrooms:$25,000Firepit:$3,500game room/movie room
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Living Room:$5,000Hot Tub:$10,000outdoor games
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Dining Room:$5,000Sauna:$0putting green
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Basement:$0Artificial Turf Putting Green:$15,000pickleball/basketball
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Loft Living Area:$0Patio Furniture:$2,500hot tub
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Game Room:$5,000Pickleball Court:$35,000
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Garage:$0Pool:$75,000
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Misc Improvement 1:$0String Lights$1,500
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Misc Improvement 2:$0Misc Amenity 2:$0
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Paint/Mural:$4,500Misc Amenity 3:$0
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Designer:$22,000Misc Amenity 4:$0
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Total:$70,582Total:$147,500
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NET DESIGN AND ENHANCEMENTS BUDGET TOTAL:$218,082