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Condo

614 Beachside Dr Ocean Walk Chalets, #apt 205, Luquillo, PR 00773

Luquillo, PR

Purchase Price

$294,900

2 Bedrooms
2 Bathrooms
1,022 Sq Ft
Built 2010

Cap Rate

5.2%

Cash-on-Cash

-2.8%

Monthly Revenue

$3,953

Monthly Cash Flow

-$192

DSCR

0.87x

Best Strategy

NONE

Financial Overview

Purchase Price$294,900
Down Payment25.0%
Interest Rate7.0%
Loan Term30 years
Closing Costs3.0%

STR Investment Metrics

Cap Rate5.2%
Cash-on-Cash Return-2.8%
Annual NOI$15,348
Monthly Revenue$3,953
Monthly Cash Flow-$192
Monthly Mortgage$1,471
DSCR0.87x
Total Cash Invested$82,572
Best StrategyNONE

STR Revenue Analysis

Nightly Rate$150
Occupancy65.0%
Gross Revenue (Annual)$47,438
Platform Fees$1,423
Cleaning Fee Revenue$11,850
Host Revenue (Annual)$46,014
Operating Expenses$30,666
NOI (Annual)$15,348
Est. Bookings/Year79

Long-Term Rental Analysis

Cap Rate-0.1%
Cash-on-Cash Return-0.4%

Expense Assumptions

Property Tax (Annual)$998
Insurance (Annual)$1,475
Management Rate10.0%
Vacancy Rate5.0%
Maintenance Rate3.0%
CapEx Reserve5.0%

Adjusted Metrics (live)

Cap Rate

5.1%

Cash-on-Cash

-3.2%

Monthly Cash Flow

$-221

DSCR

0.85x

NOI: $15,004/yr · Expenses: $32,433/yr (68% of rev) · 79 turns/yr

Expense Assumptions (adjust to fit your market)

10%
5%
3%
5%
$400/mo
$150
$200/mo
$998/yr
$1,474.5/yr

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