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PROPERTY / DEAL DETAILS:
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>>> VIDEO BREAKDOWN <<< (CLICK HERE AND REVIEW THIS FIRST)
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Property Address49 Forest Dr, Jim Thorpe, PA 18624Bedroom Count:6
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Purchase Price$705,000Bathroom Count:3
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Listing URLLink to PhotosSquare Footage:3,000
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CASHFLOW, TAX SAVINGS AND RETURNS:NOTES:
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Cash on Cash Return (CoC):11.06%
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Annual Cash-Flow:$25,747.54
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Estimated Bonus Depreciation:$225,600.00
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Estimated Additional Offset:$165,752.42
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Total Year 1 Offset:$391,352.42
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Year 1 Estimated Net Effective Tax Savings:$144,800.39
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Year 1 Estimated Tax Savings And Cash-Flow:$170,547.93
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Year 1 ROI:73.24%
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DEAL SNAPSHOT:NOTES:
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CASH NEEDED:CASHFLOW, TAX SAVINGS AND RETURNS:
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Purchase Price:$705,000.00
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Down Payment:$70,500.00
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Mortgage Amount:$634,500.00
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Closing Costs:$16,864.83
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Seller Credit:$10,000.00
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Inspection Seller Credit:$15,000.00
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Adjusted Closing Costs:-$8,135.17
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Total Cash To Close:$62,364.83
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Post-Close Enhancements Budget:$170,500.00
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Total Cash Needed:$232,864.83
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MONTHLY INCOME PROJECTIONS:NOTES:
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Average Nightly Rate (ADR):$725
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Average Occupancy (OCC):60%Comp 1 = $209k
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Gross Booking Revenue:$13,231Comp 2 = $171k
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Cleaning Revenue:$1,500Comp 3 = $158k
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Gross Monthly Income:$14,731Comp 1 ~$168k-$178k/year Airbnb

super weak interior/exterior design; competitive advantage with A frame and nicer kitchen; obviously cannot replicate the a frame - should try and beef up kitchen
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Gross Annual Revenue (Before ALL Expenses)$176,775Comp 2 ~$175k/year this year (based on outperforming last year July) Airbnb

match/exceed dining room table (MINIMUM 10 guests for total seating)
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Net Annual Cashflow (After ALL Expenses)$25,748
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Net Monthly Cashflow (After ALL Expenses)$2,146
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RECURRING MONTHLY EXPENSES BREAKDOWN:NOTES:
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RECURRING PAYMENTS:UTILITIES:
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Principal + Interest Payments:$3,763.45Water/Sewer:$179
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Property Taxes:$707.83Gas And Electricity:$650
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STR Insurance Policy:$367.50Internet:$110
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Flood Insurance:$0.00Cleaning:$1,500
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Private Mortgage Insurance (PMI):$244.99HOA Dues:$0
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TOTAL Monthly Mortgage Payment (PITI):$5,083.77Pest Control:$20
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Repairs And Capex:$794Lawn Care:$140
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Co-Hosting Fee:$2,382Snow Removal:$40
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Average Platform Fee:$1,588Pool/Hot Tub Maintenance:$100
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Net Annual Expenses:$151,027.46
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Net Monthly Expenses:$12,585.62
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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:$4,000This home's interior is nice, may need to change a furniture or fixture here and there but overall is quite good compared to its comps. Comps doesn't have much amenities.
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One-Time Supplies Stocking:$1,700Games:$0Firepit improvement, patio furnitures, designing and furnitures.
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Bedrooms:$30,000Firepit Improvements:$3,500
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Living Room:$5,000Hot Tub:$0
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Dining Room:$6,500Sauna:$8,000
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Basement:$5,500Artificial Turf Putting Green:$8,500PRIORITY SPEND (for the purpose of "differentiation")
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Loft Living Area:$0Patio Furniture:$2,500
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Game Room:$0Pickleball Court:$35,000
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Garage:$7,500Pool:$0
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Kitchen Upgrades (Countertops, Cabinet (Vinyl Wraps, Appliance Upgrades)$7,500Stone Patio Walkway$4,000
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Misc Improvement 2:$0Fridge Upgrade$1,800
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Paint/Mural:$4,500Hot Tub Fence$1,500
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Designer:$17,500Emory 9 Foot Kitchen Setup$8,500
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Total:$93,200Total:$77,300
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NET DESIGN AND ENHANCEMENTS BUDGET TOTAL:$170,500