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Results (10,000+)
Emily Anderson Full STR analysis in Okaloosa Island, Florida, WITHOUT using AirDNA.
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.
Robert Burns Finding Wholesale Properties!
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...
Angelica Rose Advice on House Hacking in NYC ?
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'. 
Account Closed What pricing/market analysis do you use?
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.
Michael Baum VRBO Image changes?
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.
Justin Brin Questions regarding the Appraisal Report?!
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.
Bonnie Low Has anyone used Seabury Investments LLC for funding?
3 March 2024 | 53 replies
Never heard of them before and completely random and has my email address made me freak out.
Tom Server CO-OP selling a property with HIGHEST AND BEST..
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. 
Nick Johnson Beginner looking for advice
1 March 2024 | 34 replies
I'll pick two markets at random that I lived in - St.
Bailey Coleman Pad Split In Cleveland?
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.