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Offer Price

$

Proposed Settlement Date

Financing Terms

Include Furniture

Include Future Bookings

By submitting an offer, I understand and acknowledge that vrolio corp is not real estate brokerage and does not represent me in any capacity on a real estate transaction. I understand that this is not a purchase commitment and I am simply presenting a non-binding letter of intent to the seller of this property and the seller is in no way obligated to respond or accept my offer.

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Cottage on Mill Street/Mill Street Bungalow (2 in 1)

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Bayfield, CO 81122

Favorite
$680,000
3
3
2,300
sq. ft.
$296
per sq ft
Heated sq ft: 1,480 sq ft
Avg Nightly Rate:
Home Legally Sleeps: 0
Occupancy Rate: 0 weeks
Annual Gross Income : Inquire
Annual Net Operating Income : Inquire
Property Type: Multi-Unit Property (B&B)
Ownership Type: Full (100%)
Seasoned Short Term Rental: No
Furnishings Included: Yes
For Sale By: Owner
Seller Financing: No
Niche: Business Stay, Couples/Romance, Mountain, Nature, Pet Friendly, Ski
New Construction: Yes
Days on Vrolio: 580

Property Description

These two vacation rentals are on one lot and are active vacation rentals. The Bungalow was a beauty salon until Feb 2019 when converted to a bungalow. The Cottage is a new structure built in 2018-2019. The Bungalow is a studio-type with a shower and a utility room with washer/dryer. The Cottage sleeps 7 comfortably and is a 2 bedroom 2 bath house. Both are fully furnished and sold as is.

Presented by:
Owner:
duane greer
Seller Financing
No
Distress Sale
None
Seller Financing Terms
Seasonal Nightly Rates
High: 0
Low: 0
Peak: 0
Special Event: 0
Avarage: 0.00
Furniture Age
4
Est Value of Furnishings
$35,000
Peak & High Seasons
Ownership Percentage
Full (100%)
Qualifies for foreign national visa
Not sure
Reason for Selling
The market is good and we are ready to retire and move on to another adventure.
Foreign national buyer restrictions from government?
Not sure
Gross Annual Income
Inquire
Net Operating Income
Inquire
Stories
1
Additional Indoor Rooms
Living Room, Sun Room
Appliances
Dishwasher, Dryer, Electric appliances, Full stove, Garbage Disposal, Microwave, Oven, Refrigerator, Washer
Heating/Cooling
Central Heat (gas or electric), Wall Unit A/C, Wall Unit Heat
Floor Coverings
Carpet, Laminate Wood, Real Hardwood, Tile
Security
No
Security Description
Half Baths
Inquire
Master Suite(s)
Inquire
Energy Efficiency
Attic air barriers, Double pane-low emissivity windows, Energy Efficient Insulation, Energy Star appliances, Energy Star certified windows, Low flow faucets/toilets, Programmable thermostat, Tankless water heater
Year built
2019
Outdoor Features
Deck, Fenced/Gated Yard, Fire Pit
View
No view
Backyard Exposure
South
Lot Size
The lot is 50ft x 95ft (4750sq ft)
Community Features
Bar, Basketball Court, Fitness Center, Restaurant(s), River Access
Tax Amount/Year
$980
CDD Amount
Inquire
Neighborhood
Inquire
Deed Restricted Community
No
Interview Required
No
Neighborhood Amenities
Bar, Basketball Court, Fitness Center, Restaurant(s), River Access
Mandatory HOA
Inquire
Home Legally Sleeps:
0
Onsite Parking
The Bungalow has it's own driveway. The cottage has street parking.
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
$0.30
Minimum Nightly Rental
No Minimum
Rental Length Requirement
No Restriction
Has Rental History
No
Established Rental History
Inquire
Occupancy Rate
0
Being Sold with Bookings
Inquire
Caretaker Info
InquireCaretaker cannot stay and oversee the property
Bookings Placed By
Inquire
Managed By
Inquire
Management Bookings Percentage
Inquire
Caretaker Bookings Percentage
Inquire
Paid Booking History
No
Future Booking Calendar
Management Fees
Inquire
Caretaker Fees
Inquire
Sold with Marketing Collateral
Inquire
Manager Cancellation Policy
 
  •  
Credit Card Fee
Inquire
Cleaning Fee
$7,560.00
Licesnes & Permits (Annual)
$95.00
Advertising & Tech Costs (Annual)
Inquire
Yard & Pest Control (Annual)
Inquire
Pool & Spa Maintinence (Annual)
Inquire
Electricity (Annual)
$1,400.00
Water/Sewer (Annual)
$540.00
Cable/Interbet (Annual)
$420.00
Accounting Fee (Annual)
Inquire
Property Taxes (Annual)
$980.00
Homeowner's Insurance (Annual)
$1,680.00
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

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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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