There are other options, the $60,350 mortgage does exist, but you didn't say what the value of the property is, but the variable rate mortgage of 8.75% to 11.75% indicates several thing. 

It's effective interest is similar to Mezz-debt at current rates but a bit lower.   

If rates come down (most likely not in 2025) you can refinance or just shovel cash-flow and pay it down quicker. 

The reason I ask is because most deals I see on Crexi or Loopnet or anywhere else create negative cash flow under 7 or even 10 year terms with 7% - 8% interest rate.

It is in the area that has decent short-term rental rates based on airdna and what property managers are seeing.How much more in maintenance have you all noticed on a short-term rental versus a long-term rental?

The drop and Swap is about all we use here due to the confiscatory tax rates based on sale price.

I looked at the rental trend over the past 10 years, I should be fine in year 7 for the refinance unless rates are totally out of this world.Your right those rents would be really low for Stamford. 

What this usually leads to is higher rates and lots of points, which increase the amount of cash needed up front.

Looking at a property that would be a somewhat turnkey STR, it has great numbers and occupancy rates.

and it's not only not cash, it's expensive money - for it to be worth using you'd need either (1) something short term, like a flip (not recommending that here) or (2) a very high return that beats the interest rate you're paying on it.