Updated over 7 years ago on .
San Francisco 2 Bedroom - Whats Short Term Potential?
With the stock market crashing we want to move some more money into real estate. Now I don't think that SF is a good market to flip homes but we also have interest in have a place to use on Occassion. I've read the rules with SF Short term and only looking at places @$1M that has short term friendly HOAs. We also might consider executive rentals.
Whats the real potential here? Here my first wack at it. I don't mind covering $1,000 a month but $1600 is getting a little rich. Who's done this well and can reach out?
| Purchase | 1,000,000 | ||
| Down | 200,000 | ||
| Mortgage | 800000 | ||
| Monthly | |||
| Debit | 5200 | ||
| Tax | 1000 | ||
| Ins | 800 | ||
| Maint | 500 | ||
| HOA | 600 | ||
| 8100 | |||
| Short Term Rental | |||
| 90 days @ 600 + short term | 65000 | ||
| less mgt and fees | 52000 | ||
| Avg Monthly | 4333.33333 | ||
| Cash Flow Monthly | -3766.6667 | ||
| Cash Flow Yearly | -45200 | ||
| Depreciation | -21666.667 | ||
| Loss + Depreciation | -66866.667 | ||
| Taz Benefit | -25409.333 | ||
| Cash flow after Tax Benefit | -19790.667 | or monthly | -1649.2222 |