TITLE:
Colorado Airbnb Cabin
CONTROL:
Partner
VALUE:
$99,500
LOAN:
$0
EQUITY:
$99,500
TYPE:
Homes/Condos
HAVE:
Very tiny rustic cabin. This property would need some upgrades to maximize income. For example, more solar is needed and the bathroom is still 20 feet from the cabin.
ADDRESS:
111 Osoeola Rd, Woodland Park, Colorado
BENEFITS TO NEW OWNER:
Great "starter" property with very low down and low payment.
GROSS SCHEDULED INCOME:
$12,325 Projected
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$12,325
EXPENSES:
$4,306
NOI:
$8,019
DEBT SERVICE:
$0
CASH FLOW:
$8,019
CAP RATE:
8.06%
BENEFITS SOUGHT:
Owner carry, or use this to trade up.
CAN ADD:
15+ properties
REMARKS:
Owner will carry $89,500 at 4% interest only for two years ($10k down). Payment of $298/month. After that, 25 year amortization at 6% with a 5 year balloon (7 years in). Years 3-8 payment would be $577.
COUNSELOR:
Lance Dehning
Broker's Guild
931 Lilac St.
Longmont, Colorado, 80501
Phone: 720-327-8050
Email lancedehning@gmail.com
