Loan amount
$655,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$1,500,000
{PP:$880,000}
LTV
44%
{LTV}
Property type
Single Family
Borrower Details
Credit score
850
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
California
State
California
Loan Details
Purchase price
$880,000
Down payment
$225,000
Additional Loan Information
A Luxury Spa Home which would operate as a vacation rental home and Airbnb Short-let apartment.
The purchase price is $880,000 and the projected income is $165,000/yr. Since it’s launch the property has been occupied and has over $60k of upcoming bookings. There is an income report since they began the Airbnb and upcoming reservation. I would also put impressive marketing effort to ensure the success of the luxury spa home.
It has 1 king bedroom and 1 bedroom with two queen beds. It has a private cinema, Air condition, kitchen, dish washer, BBQ grill, sun loungers, private sauna, security cameras, theme room, and other various amenities.
Here is the Airbnb link. It is a guest favorite and it has a 5.0 rating. They are so many positive reviews:
https://www.airbnb.com/rooms/999527212764517634?adults=1&children=0&enable_m3_private_room=true&infants=0&pets=0&check_in=2024-06-30&check_out=2024-07-05&source_impression_id=p3_1712769723_jCoDaXnWZy%2BMXLCM&previous_page_section_name=1000&federated_search_id=366e1072-7de0-4ebd-ab83-7ac2648b2d73
The purchase price is $880,000 and the projected income is $165,000/yr. Since it’s launch the property has been occupied and has over $60k of upcoming bookings. There is an income report since they began the Airbnb and upcoming reservation. I would also put impressive marketing effort to ensure the success of the luxury spa home.
It has 1 king bedroom and 1 bedroom with two queen beds. It has a private cinema, Air condition, kitchen, dish washer, BBQ grill, sun loungers, private sauna, security cameras, theme room, and other various amenities.
Here is the Airbnb link. It is a guest favorite and it has a 5.0 rating. They are so many positive reviews:
https://www.airbnb.com/rooms/999527212764517634?adults=1&children=0&enable_m3_private_room=true&infants=0&pets=0&check_in=2024-06-30&check_out=2024-07-05&source_impression_id=p3_1712769723_jCoDaXnWZy%2BMXLCM&previous_page_section_name=1000&federated_search_id=366e1072-7de0-4ebd-ab83-7ac2648b2d73
Status
Open
Created
April 15, 2024 - 11:36am
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