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Deal Sheet

Deal Sheet

Deal Sheet

Deal Sheet

Deal Sheet

98 Hall Hill Rd, Ancram, NY 12502

98 Hall Hill Rd, Ancram, NY 12502

98 Hall Hill Rd, Ancram, NY 12502

98 Hall Hill Rd, Ancram, NY 12502

98 Hall Hill Rd, Ancram, NY 12502

Below are estimated

  1. Property Details:
    • Address: 98 Hall Hill Rd, Ancram, NY 12502
    • Type: Single Family Home
    • Size: 2,438 Sqft with 4 bedrooms, 3 bathrooms, situated on a 14-acre lot.
    • Features: Fireplace, Firepit, Basketball/Tennis Court, Hiking opportunities, Skiing, Roeliff Jansen Creek.
  2. Financials:
    • Purchase Price: Starting offer at $595,000 against an asking price of $695,000.
    • Renovation & Setup Costs: Estimated at $100,000.
    • Total Investment Needed: $695,000 (assuming full asking price is accepted) + $100,000 = $795,000.
    • Mortgage Details: 40% downpayment, resulting in an initial investment of $318,000.
  3. Crowdsourcing Terms:
    • Minimum Investment: $500
    • Maximum Investment: $410,000
    • Investment Structure: Equity Share, prorated based on investment amount.
    • Projected ROI: 222.48% Cash on Cash Return.
    • Duration of Investment: 10 years.
  4. Revenue Projections:
    • Expected Annual Rental Income: $82,080.
    • Annual Occupancy Rate: 60%.
  5. Operational Costs (Annually):
    • Fixed Costs: $10,400.
    • Mortgage: $29,954.
  6. Exit Strategy:
    • Refinance: Expected between 3-4 years, contingent on favorable mortgage rates.
    • Sale: Intend to sell the property at year 10.
  7. Risks & Mitigation:
    • Market Fluctuation: In the event of a slow short-term rental market, the property will be listed as a long-term rental.
    • Property Damage: Covered by insurance.
    • Low Occupancy: Will implement marketing strategies, promotions, and competitive pricing.
  8. Timeline & Milestones:
    • Acquisition: Expected in 90 days.
    • Renovation: 30 days.
    • Listing Date: Immediately post-renovation.
    • First Check-in: January.
  9. Contact & Communication:
    • Frequency: Monthly.
    • Method: Updates will be provided over Slack and through the ShortStays investor portal.

For the 10 Years Invested

Return (IRR): 15.57% per year
Total Profit when Sold: $681,898.64
Cash on Cash Return: 193.17%
Purchase Capitalization Rate: 11.14%
Total Rental Income: $940,955.21
Total Mortgage Payments: $312,129.36
Total Expenses: $149,030.43
Total Net Operating Income: $791,924.78

First Year Income and Expense

Monthly Annual
Income: $12,000.00 $144,000.00
Mortgage Pay: $2,601.08 $31,212.94
Vacancy (40%): $4,800.00 $57,600.00
Management Fee (5%): $360.00 $4,320.00
Property Tax: $500.00 $6,000.00
Total Insurance: $83.33 $1,000.00
Maintenance Cost: $250.00 $3,000.00
Other Cost: $250.00 $3,000.00
Cash Flow: $3,155.59 $37,867.06
Net Operating Income (NOI): $5,756.67 $69,080.00

Breakdown Over Time

Year Annual Income Mortgage Expenses Cash Flow Cash on Cash Return Equity Accumulated If Sold at Year End
Cash to Receive Return (IRR)
Begin -$353,000
1. $82,080 $31,213 $13,000 $37,867 10.73% $347,279 $304,328 -3.06%
2. $84,542 $31,213 $13,390 $39,939 11.31% $372,450 $328,211 7.63%
3. $87,079 $31,213 $13,792 $42,074 11.92% $398,552 $352,986 11.28%
4. $89,691 $31,213 $14,205 $44,273 12.54% $425,627 $378,693 13.03%
5. $92,382 $31,213 $14,632 $46,537 13.18% $453,719 $405,377 14.02%
6. $95,153 $31,213 $15,071 $48,870 13.84% $482,873 $433,081 14.63%
7. $98,008 $31,213 $15,523 $51,272 14.52% $513,140 $461,854 15.02%
8. $100,948 $31,213 $15,988 $53,747 15.23% $544,570 $491,746 15.28%
9. $103,976 $31,213 $16,468 $56,296 15.95% $577,219 $522,810 15.45%
10. $107,096 $31,213 $16,962 $614,024 16.69% $611,145 $555,103 15.57%
Total $940,955 $312,129 $149,030 $681,899 193.17%

 

Purchase
Purchase Price

Use Loan?    

Down Payment
Interest Rate
Loan Term Years
Closing Cost
Setup Cost
Value after Repairs
Recurring Operating Expenses
Annual Annual
Increase
Property Tax
Total Insurance
HOA Fee
Maintenance
Utilities
Income
Annual
Increase
Monthly Rent
Other Monthly Income
Vacancy Rate
Management Fee
Selling
Value Appreciation
Per Year
Holding Length Years
Cost to Sell