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4 March 2024 | 18 replies
For further details on this parameter, please consult our user guide.We have allocated a budget of $15,000 for renovations / refurbishments.The purchase price of a 2-bedroom / 2-bathroom unit in this area is $498,000, with 5% of this price allocated for closing costs.A turnover cost of $175 per booking has been factored in, with no rental management fee assumed, indicating that you will manage bookings and cleaning services independently.The mortgage rate is set at a fixed 7% per year, with an 80% loan-to-value ratio (LTV) and a 20-year term.For the remaining parameters in our financial model, please refer to the image above.Taking these values into account, below are the results of the financial case study.Some insights:The results show the anticipated performance of a 2-bedroom / 2-bathroom unit in the southwestern area of Okaloosa Island, Florida.Expected gross revenue amounts to $78,240, derived from 47 bookings with an average stay of 5 days at an average daily rate of $325 (inclusive of cleaning fees).Total yearly expenses add up to $68,014, encompassing various costs from private mortgage insurance (PMI) to property taxes and annual loan repayments.The cash required for this deal totals $139,550, incorporating the 20% down payment for the mortgage, 5% closing costs, and the $15,000 renovations budget.Pre-tax net revenue stands at $10,226, representing a 7.33% cash-on-cash (CoC) return.The annual return on investment (ROI) is 1.9%, excluding value appreciation.
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3 March 2024 | 6 replies
One does not imply the other.Everytime someone is having a hard time here, they start to troubleshoot but make complete random decisions based on absolutely nothing.So DMM doesn't work, and cold claling doesn't work, SO...
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3 March 2024 | 10 replies
t=ffab&q=loft+bed+desk&iax=images&ia=images Keep in mind most of these are displayed in rooms with ceilings way higher than 8'.
1 March 2024 | 11 replies
Just look within a couple miles of your place for a similar property with the same amenities.This gives you actual real-world serious numbers. not some algorithm guessing randomly.
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28 February 2024 | 11 replies
Hey everyone, I just got this note from VRBO:In the upcoming weeks, you may see the primary image on your listing and the order of your image gallery change.
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1 March 2024 | 1 reply
I just pulled out a random appraisal from one of my files and the adjustment field on that line is left blank.
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3 March 2024 | 53 replies
Never heard of them before and completely random and has my email address made me freak out.
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1 March 2024 | 3 replies
They can decide that offer #2 came from a contract lawyer and he'd be a good owner in the building since he can help them with legal issues...or whatever random reason they like his offer better.
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1 March 2024 | 34 replies
I'll pick two markets at random that I lived in - St.
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1 March 2024 | 15 replies
Keeping an 8 bedroom SFR I believe would also be hard to rent to a long term tenant as the demand for that many bedrooms would be lower as I would image as most people do not need that many bedrooms.