I have a brand new 3 bedroom 3 bath cabin under contract in Pigeon Forge, TN. It is projected to gross $60,000-$70,000 per year. My co-signer got cold feet.

In exchange for your co-sign I will share 25% of net for as long as you are in the loan.

Numbers on this cabin:

Location: Pigeon Forge, TN

Price $539,900

My cash in: $136,000

Your cash in: $0.00

My Mortgage FICO as of 11/10/2020

  • EXPERIAN (Score 2): 713
  • EQUIFAX (Score 5): 731
  • TRANSUNION (Score 4): 757

Likely mortgage: $1,900 / month

Projected gross revenue: $60,000-$70,000 per year

Costs: 55%-65% of gross (mortgage, insurance, taxes, utilities, capex, cleaners, remote management software, etc)

  • Conservative Net @ 35% of Gross (35% of $60,000): $21,000 per year
  • Conservative Cash on Cash ROI for me: 15%

  • Middle Net @ 40% of Gross (40% of $65,000): $26,000 per year
  • Middle Cash on Cash ROI for me: 19%

  • High Net @ 45% of Gross (45% of $70,000): $31,500 per year
  • High Cash on Cash ROI for me: 23%

I am offering to share 25% of the net cashflow for as long as you are in the loan.

Your Cash on Cash ROI: infinite%

Contact me directly at [email protected] 702-904-2972

Thank you

Steve Fogarty