Funding Needed for Triplex near Beach in Florida

[Jessie Griffin]

Looking for a private lender to complete a deal on a triplex just 2 blocks from the beach in Pinellas County, FL. This would be a buy and hold, short-term AirBnB rental. I currently have a cash flowing rental property and have also completed a flip. I have not included address or photos as the offer has not officially been accepted and is contingent upon financing. Please take a moment to review the numbers below and let me know if you'd be interested in funding this cash cow. Cheers.

Purchase Price $275,000

Estimated Repairs & Remodel Updates $20,000

Closing Costs $7,000

After Repair Value $335,000

Equity Gain $33,000

80% of Purchase Price Financed through Original Loan -$220,000

Buyer's Personal Investment -$25,000

Total Loan Requested $57,000

Annual Gross Rent @ 70% Occupancy $40,000

CAP Rate 12% (under short-term rental estimates)