Short term rental analysis

[Taylar Colangelo]

STR breakdown

I may buy this property, are my numbers right ??

Monthly expenses for a condo, am i missing anything ???

Mortgage and HOA - $3200

electric - $150

additional insurance not included in HOA- $200

Consumables - $150

Repair fund - $250 (doing full rehab upon purchase, and condo is only $900 sq ft)

internet - $80 (cable is included)

Monthly total $ 4,030

Annual expenses $48,360

Annual income - Average nightly rate $278 x 80% occ = $81,176 (I believe I may even have higher, this is one of only condos on the island that allows nightly rentals VS weekly)

A friend of my calculates cleaning fees, occ tax, and air bnb service charge In his monthly expenses, but seems like all of the air bnbs in this area charge them to the customer

Annual income $33,000