This project vision and plan are rooted in historical STR data of this market, maximizing revenue, occupancy, and ADR.

The funny thing is I have BS degrees in Mathemetics, Computer Science, and a minor in Physics and have 20+ years experience in software development related to $1B+ revenue for projects I developed.

I’ve noticed a few markets I’m researching seem to have lower revenues looking forward compared to 2020/2021 … curious to see if that’s more of a nationwide trend or not.

We adjust rates quite frequently to get last-minute bookings, but even with playing with rates like that, we have kept our ADR and revenue above what it's been in previous years.

When I purchased the projected gross revenue was $24K annually.

$40k down for $800k with rent at $8000 mortgage at $4300 while still getting revenue from my triplex, with the full $6000 now.Third year, $1M fourplex, $50k down, $8000 in rent, $5300 mortgageFourth year, $1M, $50k down, $9000 in rent, $5300 mortgageFifth year!!!

Details about deal1970 46 unit apartment in the DFW area.26 units are 1 bedrm, 1bathroom | rent $990 |security deposit $10020 units are 2bedrm, 1.5bathrm | rent $1230 |security deposit $200Asking price is $5,200,000 | NOI=$217k | Cap Rate=4.17RevenuesTotal Revenue=$567,776 | Net rental revenue=$449,923rental losses=$117853Other revenues (application fee, pet fees, deposit forfeitures) =$59,766Total Revenue=$509,689Operating ExpensesTotal personnel expenses=$88,603Total property administrative expenses=$28,277Total Leasing expenses=$4907Total utility expenses=$36,991Total service expenses=$10,953Total cleaning and decorating=$16,305Total repairs and maintenance=$14,468Total property taxes=$78,731Total Hazard insurance=$27,107Total operating expense=$334,042 (65.5%)Net Operating Income=$175,646Total non-recurring replacements=$25,086Available for debt service=$25086

An asset that generates revenue while you are sleeping is cool. 

We'll be discussing how to double rent revenue overnight by furnishing my property and renting it out monthly.

With minimal renovation, market rent for the units is $700 & $750 a month per side, so I'll have a $450 swing in monthly revenue right away.