50's Style Motor Lodge

$395,000
19
19
4,000
sq. ft.
$99
per sq ft
Heated sq ft: 4,000 sq ft
Avg Nightly Rate: $70
Home Legally Sleeps: 50
Occupancy Rate: 52 weeks
Annual Gross Income : 76000
Annual Net Operating Income : 22000
Property Type: Other
Ownership Type: Full (100%)
Seasoned Short Term Rental: Yes
Furnishings Included: Yes
For Sale By: Owner
Seller Financing: No
Niche: Business Stay, Couples/Romance, Farm, Golf, Nature, Pet Friendly, Weddings or Family Reunions
New Construction: Inquire
Days on Vrolio: 79

Property Description

19-unit motel

Presented by:
Owner:
Jodie Lemmert
Seller Financing
No
Distress Sale
None
Seller Financing Terms
Seasonal Nightly Rates
High: 70
Low: 60
Peak: 55000
Special Event: 8000
Avarage: 70.00
Furniture Age
20
Est Value of Furnishings
$5,000
Peak & High Seasons
April, May, June, July
Ownership Percentage
Full (100%)
Qualifies for foreign national visa
Not sure
Reason for Selling
Owners retiring
Foreign national buyer restrictions from government?
Not sure
Gross Annual Income
76000
Net Operating Income
22000
Stories
1
Additional Indoor Rooms
Attached Garage for 4+ Cars, Attached In Law Suite, Detached Garage for 2 cars, Family Room, Formal Dining Room, Living Room, Unfinished basement
Appliances
Dishwasher, Dryer, Full stove
Heating/Cooling
Central A/C (gas or electric), Central Heat (gas or electric), No A/C, Wall Unit A/C
Floor Coverings
Carpet
Security
No
Security Description
Half Baths
Inquire
Master Suite(s)
Inquire
Energy Efficiency
Year built
1950
Outdoor Features
Detached Garage, Garden, Porch - Not screened, Sprinkler System
View
Other
Backyard Exposure
East
Lot Size
1/2 city block, including small rental home
Community Features
Bar, Basketball Court, Community Dock, Community Pool(s), Fitness Center, Lake Access, Lazy River, Meeting Rooms, Nature Trails/Walking Path, Onsite Property Management, Reception, Restaurant(s), River Access, Stores, Sundries Shop/Convenience Store, Tennis Court, Theater
Tax Amount/Year
Inquire
CDD Amount
Inquire
Neighborhood
Inquire
Deed Restricted Community
No
Interview Required
No
Neighborhood Amenities
Bar, Basketball Court, Community Dock, Community Pool(s), Fitness Center, Lake Access, Lazy River, Meeting Rooms, Nature Trails/Walking Path, Onsite Property Management, Reception, Restaurant(s), River Access, Stores, Sundries Shop/Convenience Store, Tennis Court, Theater
Mandatory HOA
Inquire
Home Legally Sleeps:
50
Onsite Parking
parking lot with most units having individual parking garages
Neighborhood Association STR Rules
Inquire
Municipality STR Rules
No restrictions documented by owner. Verification recomended
Transferrable Permit or License
Yes, Municipality Issuing New Permits
Rental Tax Info
$5.50
Minimum Nightly Rental
No Minimum
Rental Length Requirement
No Restriction
Has Rental History
Yes
Established Rental History
Inquire
Occupancy Rate
52
Being Sold with Bookings
Inquire
Caretaker Info
InquireCaretaker cannot stay and oversee the property
Bookings Placed By
Owner, Manager, Third Party
Managed By
Owner, Manager
Management Bookings Percentage
Inquire
Caretaker Bookings Percentage
Inquire
Paid Booking History
Yes
Future Booking Calendar
Management Fees
2000.00 Monthly
Caretaker Fees
Inquire
Sold with Marketing Collateral
No
Manager Cancellation Policy
2 hours
 
  •  
Credit Card Fee
$2.00
Cleaning Fee
Inquire
Licesnes & Permits (Annual)
Inquire
Advertising & Tech Costs (Annual)
Inquire
Yard & Pest Control (Annual)
Inquire
Pool & Spa Maintinence (Annual)
Inquire
Electricity (Annual)
Inquire
Water/Sewer (Annual)
Inquire
Cable/Interbet (Annual)
Inquire
Accounting Fee (Annual)
Inquire
Property Taxes (Annual)
Inquire
Homeowner's Insurance (Annual)
Inquire
Short Term Rental Insurance Rider (Annual)
Inquire
CDD Fee (Annual)
Inquire
Annual Homeowner's Association Dues
Inquire
Additional Membership Fees (Annual)
Inquire
Acquisition
Purchase price
Closing costs
Home Inspection
Furniture & Interiors Package
Rehab Work Estimates
Other
Total Capital Investment

RECALCULATE
Income
Average Nightly Rent

Weekly Rent

Potential Annual Rent

Weeks Rented (of 52)

Additonal Net Revenue Streams

Effective Gross Revenue

Effective Gross Rent

RECALCULATE
Variable Expenses (Annual)
Management Rental Commission (%)

Management Rental Commission Annually ($)

Credit Card Fee (%)

Credit Card Fee Annually ($)

Cleaning Fee ($ per rented wk)

Cleaning Fees Annually

Booking Site Service Fees (%)

Booking Site Service Fees ($)

Management Fee ($ per mo)

Management Fee Annually

Additonal Nightly Insurance Policy ($ per night)

Additonal Nightly Insurance Policy Annually

Sales, Bed, Resort, Tourist Tax (%)

Sales, Bed, Resort, Tourist Tax Annually ($)

RECALCULATE
Fixed Expenses (Annual)
Annual Permits/Licences

Advertising & Tech Costs

Yard and Pest Control

Pool Maintenance

Electricity

Water/Sewer

Cable/Internet

Accounting

Property Taxes

Homeowner's Insurance

Short Term Rental Insurance Rider

CDD fee

Annual Homeowners Association Dues

Additional Membership Fees

Maintenance Reserves/Supplies

Other

Fixed & Variable Expenses

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Loan
Down Payment (%)

Down Payment (Capital Investment)

Loan Amount

Interest Rate

Amortization (Loan Years)

Monthly Payment

Annual Debt Service

RECALCULATE
Returns
Average Monthly Cash Flow

Annual Cash Flow

Cash-on-Cash Return

Annual Occupancy to Break Even

Break-Even Occupancy (Weeks)

Net Operating Income (NOI)

Cap Rate (ROI)

RECALCULATE

User understands this calculator is deemed reliable but not guaranteed. Vrolio makes absolutely no guarantees on returns or income. User should do their own due diligence and verify all data before making a purchasing decision. User understands that this is an educational tool only. We therefore accept no liability arising from any reliance made by any user or person to whom this information is made available to. Please use this tool at your own discretion and use caution always before buying any real estate investment.

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