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PROPERTY / DEAL DETAILS:
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>>> VIDEO BREAKDOWN <<< (CLICK HERE AND REVIEW THIS FIRST)
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Property Address3423 E Fairbrook St, Mesa, AZ 85213Bedroom Count:4
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Purchase Price$860,000Bathroom Count:3
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Listing URLLink to PhotosSquare Footage:2,994
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CASHFLOW, TAX SAVINGS AND RETURNS:NOTES:
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Cash on Cash Return (CoC):12.83%
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Annual Cash-Flow:$42,870.33
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Estimated Bonus Depreciation:$275,200.00
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Estimated Additional Offset:$201,076.81
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Total Year 1 Offset:$476,276.81
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Year 1 Estimated Net Effective Tax Savings:$176,222.42
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Year 1 Estimated Tax Savings And Cash-Flow:$219,092.75
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Year 1 ROI:65.58%
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DEAL SNAPSHOT:NOTES:
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CASH NEEDED:CASHFLOW, TAX SAVINGS AND RETURNS:
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Purchase Price:$860,000.00
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Down Payment:$104,000.00Funding difference of $18k appraisal gap.
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Mortgage Amount:$756,000.00
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Closing Costs:$15,574.02
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Seller Credit:$25,000.00
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Inspection Seller Credit:$3,000.00
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Adjusted Closing Costs:-$12,425.98
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Total Cash To Close:$91,574.02
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Post-Close Enhancements Budget:$242,489.80
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Total Cash Needed:$334,063.82
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MONTHLY INCOME PROJECTIONS:NOTES:
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Average Nightly Rate (ADR):$790
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Average Occupancy (OCC):69.00%
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Gross Booking Revenue:$16,580
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Cleaning Revenue:$1,500
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Gross Monthly Income:$18,080
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Gross Annual Revenue (Before ALL Expenses)$216,962
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Net Annual Cashflow (After ALL Expenses)$42,870
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Net Monthly Cashflow (After ALL Expenses)$3,573
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RECURRING MONTHLY EXPENSES BREAKDOWN:NOTES:
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RECURRING PAYMENTS:UTILITIES:
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Principal + Interest Payments:$4,778.43Water/Sewer:$173
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Property Taxes:$330.58Gas And Electricity:$485
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STR Insurance Policy:$480.00Internet:$100
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Flood Insurance:$0.00Cleaning:$1,500
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Private Mortgage Insurance (PMI):$291.90HOA Dues:$0
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TOTAL Monthly Mortgage Payment (PITI):$5,880.91Pest Control:$20
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Repairs And Capex:$995Lawn Care:$80
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Co-Hosting Fee:$2,984Snow Removal:$0
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Average Platform Fee:$1,990Pool/Hot Tub Maintenance:$300
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Net Annual Expenses:$174,091.17
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Net Monthly Expenses:$14,507.60
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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:$0Handyman/General Contractor "Wear And Tear" Enhancements:$0
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One-Time Supplies Stocking:$1,499Games:$1,500Games
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Bedrooms:$20,000Firepit:$3,500Sauna & Hot tub
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Living Room:$5,000Hot Tub:$10,000Pool
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Dining Room:$5,000Sauna:$10,000Pickleball
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Basement:$0Artificial Turf Putting Green:$12,500Firepit
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Loft Living Area:$0Patio Furniture:$1,500
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Game Room:$3,500Pickleball Court:$35,000
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Garage:$33,000Pool:$75,000<<<garage budget spelled out:

-medium tier golf sim unit: ~$10k-$12k
-ac mini split: ~$5k all-in including install
-ancillary "competitive game room/movie theater room/wall decor/wall art/murals/wallpaper" (reference this listing): $8k
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Misc Improvement 1:$0Kids Jungle Gym/Play Area$3,500
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Misc Improvement 2:$0Misc Amenity 2:$0
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Paint/Mural:$4,491Misc Amenity 3:$0
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Designer:$17,500Misc Amenity 4:$0
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Total:$89,990Total:$152,500
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NET DESIGN AND ENHANCEMENTS BUDGET TOTAL:$242,490