Quick analysis for 1br/1ba in condotel

[Will H.]

BP,

I'd appreciate any input from the community about a condo (in a botique hotel/condotel).  Uber popular destination on East coast, and I live locally.  Asking 279k and has in-hand estimate for "needed" renovation (bathroom and comsetic).  Comp is 260k in 2015.

NOI $24,319 N
Discount Rate       9.00%
NOI Growth Rate 1.00%
Cap Rate                8.00%
Valuation             $303,993                                                           2012               2013                  2014                  2015

Anything obvious stand out?

A is A,

Will