FLOATINGLOFT Investment Opportunity
UNIT ECONOMICS
The unit economics for each "Floating Loft" is
simple. We calculate based on high season
weekly and low season monthly with a 9%
vacancy rate.
Think about buying a small 500sq/ft condo, in
the best part of town, for only $100K, then
renting out per night at $100-$200 all year.
Bedrooms
Weekly
High Season
Pro-Forma
2
Gross Income
Monthly
Yearly
Tenants
Tenants
Low Season
Average/all
by month
by week
1900
1000
62000
5
30
Monthly
Annualized
5,583
67,000
less Booking Fees (AirBnB 8%)
447
5,360
less Vacancy
9%
503
6,030
Total Income
5,081
60,970
Expenses*
=
$200/night $73,000 per year (high season)
$1900/wk $98,800 per year (high season)
=
=
$2000/m $24,000 per year (low season)
Cleaning/Weekly Cycle
Marina + All Dock Fees
Cost of Capital (Debt+Equity)
400
4,800
800
9,600
400
4,800
CPA/Books/Fees/Reg/Permits/etc
150
1,800
Property Manager (Onsite Help)
200
2,400
Breakfast/Free Food/Water
100
1,200
Insurance
100
1,200
Utilities (HHW, Elc, WiFi, AC)
50
600
G
Total Cost:
Acquisition Fees
Assessed Price:
Offer Price:
Actual Price:
Transport:
Renovations:
H
138,300 Total Acquisition Costs
120,000 2023 survey or FMV
100,000 Actual Price Higher below
110,000 Agreed P&S
6,000 Florida to Spain 1-Time Shipment
19,000 Refresh Budget
Winterizing / Yearly Upkeep
150
1,800
3,300 Broker Fees/Closing Costs/Survey/etc. at 3% c
Maintenance/Minor Repairs
Reserve/Cap Ex/Major Repairs
Total Operating Exp
200
2,400
300
3,600
2,850
34,200
Net Income
2,231
26,770
Cap Rate =
19.36%View entire presentation