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PROPERTY / DEAL DETAILS:
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>>> VIDEO BREAKDOWN <<< (CLICK HERE AND REVIEW THIS FIRST)
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Property Address109D Santar Loop, Surfside Beach, TX 77541Bedroom Count:5
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Purchase Price$850,000Bathroom Count:4
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Listing URLLink to PhotosSquare Footage:2,055
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CASHFLOW, TAX SAVINGS AND RETURNS:NOTES:
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Cash on Cash Return (CoC):17.02%
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Annual Cash-Flow:$53,424.22
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Estimated Bonus Depreciation:$272,000.00
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Estimated Additional Offset:$171,813.82
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Total Year 1 Offset:$443,813.82
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Year 1 Estimated Net Effective Tax Savings:$164,211.11
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Year 1 Estimated Tax Savings And Cash-Flow:$217,635.33
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Year 1 ROI:69.33%
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DEAL SNAPSHOT:NOTES:
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CASH NEEDED:CASHFLOW, TAX SAVINGS AND RETURNS:
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Purchase Price:$850,000.00
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Down Payment:$85,000.00
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Mortgage Amount:$765,000.00
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Closing Costs:$24,005.63
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Seller Credit:$0.00
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Inspection Seller Credit:$0.00
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Adjusted Closing Costs:$24,005.63
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Total Cash To Close:$109,005.63
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Post-Close Enhancements Budget:$204,911.00
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Total Cash Needed:$313,916.63
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MONTHLY INCOME PROJECTIONS:NOTES:
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Average Nightly Rate (ADR):$850
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Average Occupancy (OCC):75%
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Gross Booking Revenue:$19,391
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Cleaning Revenue:$1,500
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Gross Monthly Income:$20,891
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Gross Annual Revenue (Before ALL Expenses)$250,688
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Net Annual Cashflow (After ALL Expenses)$53,424
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Net Monthly Cashflow (After ALL Expenses)$4,452
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RECURRING MONTHLY EXPENSES BREAKDOWN:NOTES:
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RECURRING PAYMENTS:UTILITIES:
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Principal + Interest Payments:$4,537.49Water/Sewer:$140
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Property Taxes:$1,608.58Gas And Electricity:$353
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STR Insurance Policy:$437.13Internet:$96
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Flood Insurance:$0.00Cleaning:$1,500
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Private Mortgage Insurance (PMI):$295.38HOA Dues:$0
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TOTAL Monthly Mortgage Payment (PITI):$6,878.58Pest Control:$20
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Repairs And Capex:$1,163Lawn Care:$121
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Co-Hosting Fee:$3,490Snow Removal:$0
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Average Platform Fee:$2,327Pool/Hot Tub Maintenance:$350
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Net Annual Expenses:$197,263.28
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Net Monthly Expenses:$16,438.61
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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:$2,500fire pit
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One-Time Supplies Stocking:$1,411Games:$1,500hot tub
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Bedrooms:$25,000Firepit:$3,500pool
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Living Room:$7,500Hot Tub:$10,000game room/area
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Dining Room:$5,000Sauna:$0
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Basement:$0Artificial Turf Putting Green:$0
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Loft Living Area:$2,500Patio Furniture:$2,500
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Game Room:$0Pickleball Court:$28,000
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Garage:$0Pool:$75,000NK bumped this $15k to also account for concrete pour around the pool so that we can include patio furniture/lounge furniture around the pool
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Misc Improvement 1:$0Golf Cart:$12,000
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Misc Improvement 2:$0Misc Amenity 2:$0
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Paint/Mural:$4,000Misc Amenity 3:$0
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Designer:$22,000Misc Amenity 4:$0
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Total:$69,911Total:$135,000
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NET DESIGN AND ENHANCEMENTS BUDGET TOTAL:$204,911