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Updated about 3 years ago on . Most recent reply

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Sriram Gonu
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Please help with analyzing this deal

Sriram Gonu
Posted

Hello Team

I am struggling with some numbers here and would love to hear your feedback about the deal with are In-contract.

Location: Panama City, FL

Unit mix: 2 2bed 2 bath units, 2 1bed 1 bath units

Purchase Price : 920k

Insurance : 8k / year

Utilities: Waiting to hear back from Seller

Airdna Revenue: 180k/Year

Anything else i am missing as far as Expense? What are your thoughts on the Deal

Thanks

Ram

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Sarah Kensinger
  • Real Estate Consultant
  • Ohio
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Sarah Kensinger
  • Real Estate Consultant
  • Ohio
Replied
Quote from @Sriram Gonu:

Taxes $2,115 subject to change

Good point on the cleaning fee

Self Manage -- have about 11 STRs now

From the rough numbers you have here it looks pretty tight to me, even though you won't need to pay a PM anything.
  • Sarah Kensinger
  • [email protected]
  • 330-557-3021
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