Hotel Room STR (Would you do it?)

[Xavier Pinkett]

I've found a Hotel room listed for sale in Daytona Beach, FL at 45K. I am analyzing this deal as a STR at an average nightly rate of $120. The number work really well with a 122% ROI. The hotel has been rated at 3 stars with multiple complaints of staff, dated rooms and onsite dinning being bad. I've analyzed this deal at:

55% occupancy; 

$120/nightly; 

income 24K. 

expense 13K

NOI 11k

Cashflow $900

Also, Will this unit be valued as a Condo?