Updated about 12 hours ago on . Most recent reply
STR - Southern Maine Old Orchard Beach - Deal Analysis
Looking at a 4-unit property in Old Orchard Beach, ME (2x 2BRs + 2x studios). Asking $975k. Broker pro forma shows ~$141k gross, $44k expenses, NOI ~$96k. My financing (25% down via HELOC @ 7% + mortgage @ 6.75%) would leave ~$22k annual cash flow (9% CoC). But stress test shows the deal turns negative fast if summer slips below 10 weeks or winter leases don't cover the 9 months. Would love BP thoughts on whether these assumptions are realistic in OOB, and how folks here hedge against occupancy + regulatory risk.