Updated over 3 years ago on .
[Calc Review] Help me analyze this deal
*This link comes directly from our calculators, based on information input by the member who posted.
A little info..... this is a 20 unit hotel with rooms rented weekly or monthly. It has a restaurant/bar (Liquor license included in purchase price) on first floor that is currently empty so rental info for that is not included in this analysis. Based on local comps, restaurant should rent for another $1000-$1200 monthly. I will be managing to start with and see how it goes. anything else I missed? anyone want to partner? i have nothing for down payment or closing. I will offer 50% of positive cash flow monthly and 110% repayment of costs when able to cash out refi for initial costs
This property is in central Pennsylvania. I'm not sure if I want to deal with a bar so could possibly sell liquor license after purchase to payback some of initial cost