Property details
Proforma Short Term Rental
Purchase & Financing
| Purchase price | $415,000 |
| Closing costs | $8,300 |
| Down payment (25%) | $103,750 |
| Loan amount | $311,250 |
| Loan points | $6,225 |
| Interest rate | 6.50% |
| Loan term | 30 years |
| Total out of pocket | $109,975 |
Income & Expenses
| Monthly | Annual | |
|---|---|---|
| Gross rent | $1 | $12 |
| Property taxes | ($258) | ($3,100) |
| Insurance | ($183) | ($2,200) |
| Maintenance | ($319) | ($3,833) |
| Utilities | ($21) | ($250) |
| Co-hosting | ($958) | ($11,498) |
| Net operating income | $4,418 | $53,020 |
| Mortgage (P&I) | ($1,967) | ($23,608) |
| Net cash flow | $2,451 | $29,412 |
View full proforma & projections
Projections are based on current rent, taxes, insurance and financing assumptions and are estimates only. Verify all figures independently before investing.
About this property
Fantastic area, walking distance to restaurants and brand new mixed development with high end condos and retail space, walk to Botanical Gardens and Tower Grove Park.
Location! Location! Location!
We have partially furnished the property from some used furniture that came from another STR we sold. We estimate the total furnishings to cost roughly $25,000-$30,000 that will be in addition to the purchase price and paid outside of closing separately.
The basement is unfinished with a half bathroom already with rough plumbing installed ready to finish if you choose to at some point in the future. Currently, it could be used as a game room if you installed electrical outlets, some additional lights, and painted the ceiling, walls and floor.