Choice Flagged Fully Renovated. Route 40 Ocala FL
**DO NOT DISTURB MANAGER/STAFF**
**CONTACT US TO SET UP SHOWING**
**email Confidentiality agreement to team@aswinsuri.com**
56 ROOMS
2 BR,1 KITCHEN, 1 BATH APT OWNERS' S APT WHERE 2 FRONT DESK PEOPLE LIVE IN.
REPORTABLE INCOME - $475,255.47
Cash (ledger in safe) $49,256.58
TOTAL INCOME = $524,512.05
EXPS
600.00 Booking Fees; ie Expedia, Booking.com, etc
2274.00 ELEC
1247.00 WATER & SEWER
170/MO GARBAGE 10 CUBIC YD
1072.00 PHONES & INTERNET
212.00 PEST
400.00 BREAKFAST
200.00 REPAIRS/MAINT (in-house handy man; lives on site)
PROP TAXES. 1167/mth
INS; 1037/mth
1692.00/MO CHOICE FIXED ANNUAL
400.00/MO GAS-TECO
1200 TOTAL PAID TO FRONT DESK STAFF (2) 8PM-8AM 2 PPL SPLIT AND LIVE ONSITE
MGR IS PAID; HES ALSO A CO-OWNER 8AM- 8PM 7 DAYS
450 CASH MONTHLY HANDY MAN WHO STAYS IN UNIT 128
900/MO FOR 2 CLEANERS. $3/RM $2/RM FOR STAY-OVERS
JAN-APR NEED 3 CLEANERS DUE TO SEASON INCREASE
APPROX 11-25 WEEKLYS GET RM SERVICE 1/WK
THEY CHARGE 289+TAX FOR WEEKLIES
Total exps = $13,021 per mth or $156,252/yr
Net income = $524,512.05 - $156,252 = $368,260.05
CAP = 18%
Will qualify with as little as $315,000 down.
Net Net after debt service is over $248,015 per year!!
POF with LOI will result in tax returns and sales tax records for last 2 years - full transparency.
