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64
Posts
15
Votes
Carolina Mejia
  • New to Real Estate
  • Duluth, GA
15
Votes |
64
Posts

Take a 2nd look please? My first official offer going might be going out today!

Carolina Mejia
  • New to Real Estate
  • Duluth, GA
Posted

I have found a property that is a SFH with a duplex on the same lot. As a LTR all three units, it cash flows $800~, as a straight Airbnb STR (estimated 30% occupancy: 10 nights a month each unit) it cash flows $1937, and as the LTR for the SFH and the duplex STR it cash flows $1300~. I got an agent to send an official offer and he has asked that I get the prequal done- So I am doing that now- I have looked at it and everyway I run the numbers it cash flows great and the CoC starts at 34% at 20% down payment. I am really excited but what am I missing!? I've put in a 70% increase in the taxes just in case, i put $350/month for insurance (hoi + flood) that's the set expenses for LTR options, then for airbnb i added $1760 to $4320 in variable expenses (depending on straight STR or the STR<R mix) please see the analysis below. What else should I be looking at? 

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