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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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Spruce Cove Cabin

+ 10

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Eliot, ME 03903

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$499,000
2
1
864
sq. ft.
$578
per sq ft
Heated sq ft: 864 sq ft
Avg Nightly Rate: $331
Home Legally Sleeps: 4
Occupancy Rate: 38 weeks
Annual Gross Income : 72000
Annual Net Operating Income : 35000
Property Type: Detached Single Family Home (Villa, Cabin, Cottage)
Ownership Type: Full (100%)
Seasoned Short Term Rental: Yes
Furnishings Included: Yes
For Sale By: Owner
Seller Financing: No
Niche: Pet Friendly
New Construction: Inquire
Days on Vrolio: 723

Property Description

Our lovely Spruce Cove Cabin is up for sale! One-of-a-kind established rental cabin in Eliot, Maine that has been professionally designed and branded by Wildwood Collective. The cabin is truly turnkey as the sale includes all furnishings, marketing assets, and future bookings (should the new owners keep the house under our management company, Wildwood Collective). Start earnings returns on day one!

Presented by:
Owner:
chris krieger
Wildwood Collective
Seller Financing
No
Distress Sale
None
Seller Financing Terms
Seasonal Nightly Rates
High: 400
Low: 250
Peak: 450
Special Event: 450
Avarage: 331.00
Furniture Age
1
Est Value of Furnishings
$20,000
Peak & High Seasons
May, June, July, August, September, October
Ownership Percentage
Full (100%)
Qualifies for foreign national visa
Not sure
Reason for Selling
We are interested in purchasing a piece of land to develop commercially. We would love to keep this property within our management brand - Wildwood Collective - while working with the new owners.
Foreign national buyer restrictions from government?
Not sure
Gross Annual Income
72000
Net Operating Income
35000
Stories
1
Additional Indoor Rooms
Unfinished basement
Appliances
Dryer, Electric appliances, Full stove, Oven, Refrigerator, Washer
Heating/Cooling
Central A/C (gas or electric), Central Heat (gas or electric), Wood Burning Fireplace
Floor Coverings
Real Hardwood
Security
Yes
Security Description
Simplisafe security system - integrated smoke, CO, freeze, water sensors, smart lock, camera. Completely digital, door code PIN change via wifi
Half Baths
Inquire
Master Suite(s)
Inquire
Energy Efficiency
Year built
1969
Outdoor Features
Deck, Fire Pit
View
River/Creek
Backyard Exposure
South
Lot Size
Half acre corner lot. Level and cleared.
Community Features
Community Dock, River Access
Tax Amount/Year
$2,700
CDD Amount
Inquire
Neighborhood
Inquire
Deed Restricted Community
Yes
Interview Required
No
Neighborhood Amenities
Community Dock, River Access
Mandatory HOA
Inquire
Home Legally Sleeps:
4
Onsite Parking
Driveway for 2 cars
Neighborhood Association STR Rules
HOA allows STR
Municipality STR Rules
No restrictions documented by owner. Verification recomended
Transferrable Permit or License
Yes, Transfers to new owner
Rental Tax Info
Inquire
Minimum Nightly Rental
No Minimum
Rental Length Requirement
No Restriction
Has Rental History
Yes
Established Rental History
1 Year
Occupancy Rate
38
Being Sold with Bookings
Inquire
Caretaker Info
InquireCaretaker cannot stay and oversee the property
Bookings Placed By
Owner
Managed By
Owner
Management Bookings Percentage
Inquire
Caretaker Bookings Percentage
Inquire
Paid Booking History
Yes
Future Booking Calendar
Management Fees
Inquire
Caretaker Fees
Inquire
Sold with Marketing Collateral
Yes, Professional photos, Social media profiles
Manager Cancellation Policy
 
  •  
Credit Card Fee
Inquire
Cleaning Fee
$125.00
Licesnes & Permits (Annual)
Inquire
Advertising & Tech Costs (Annual)
Inquire
Yard & Pest Control (Annual)
$3,000.00
Pool & Spa Maintinence (Annual)
Inquire
Electricity (Annual)
$2,220.00
Water/Sewer (Annual)
$400.00
Cable/Interbet (Annual)
$900.00
Accounting Fee (Annual)
Inquire
Property Taxes (Annual)
$2,700.00
Homeowner's Insurance (Annual)
$1,500.00
Short Term Rental Insurance Rider (Annual)
Inquire
CDD Fee (Annual)
Inquire
Annual Homeowner's Association Dues
$400.00
Additional Membership Fees (Annual)
Inquire
Acquisition
Purchase price
Closing costs
Home Inspection
Furniture & Interiors Package
Rehab Work Estimates
Other
Total Capital Investment

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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 ($)

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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

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Loan
Down Payment (%)

Down Payment (Capital Investment)

Loan Amount

Interest Rate

Amortization (Loan Years)

Monthly Payment

Annual Debt Service

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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)

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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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