Publication number: ELQ-40931-1
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Vacation Rental Development Model
Cabin/Townhouse/Vacation Development Model
This is a real estate development model deigned for short-term rental, vacation rental projects. The model presents the returns based on average daily rates, additional income can be applied to the revenue streams.
The model will suit for the development of apartment units, cabins, town houses, single family, RVs, boutique hotel, B&B - any type of development for short-term rental financed with debt and equity mix.
MAIN ADVANTAGES OF THE MODEL
This model is:
- Clean and transparent;
- 100% dynamic;
- Easy to use, understand and modify;
- Prepared by an industry professional with a significant track record;
- Institutional quality;
- Includes only useful information.
MAIN PURPOSE OF THE MODEL
This model will help you to:
- Present main economics of the development project on a nice dashboard;
- Estimate profitability and returns of the development project;
- Present sources and uses of capital and measure financing costs;
- Estimate feasibility of the project;
- Assess a range of construction budgets and timing assumptions.
The package includes 1 ready-to-use Unlocked Excel File + Explanatory Consultation on Request
The model consists of 8 interconnected tabs.
- Assumptions Tab (flexible construction budget, flexible construction timing and rental assumptions, flexible exit timing and pricing);
- Annual & Monthly Cash Flows;
- Operations Summary, which calculates operating revenues and expenses;
- Draw Schedule, which presents sources and uses of the capital;
- Financing/Loan Amortization which includes the refinancing of the construction loan;
- Cost Curves, which support the cost distribution over time.
- Sources and Uses of capital;
- Dashboard with all the main metrics;
- Cost/Unit, Sale Price/Unit, Net Rental Revenue;
- NOI, Debt Service, Net Leveraged Cash Flow;
- Exit Sale Price is calculated on stabilized NOI and assumed exit cap rate;
- DSCR, Cash on Cash Return, IRR, Equity Multiple, Net Profit.
In case you have any questions or concerns before purchase, please feel free to contact me directly.
This Best Practice includes
1 Unlocked Excel File + Explanatory Consultation upon Request
Acquire business license for $150.00
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Estimate feasibility of short-term rental development project
Short-term rental development projects
Long term rentals, commercial developments