FLIP

0%

ROI

60 Bedrooms One Block from I-80 Building Size: 31,948 sqft

2228 U Ave, Williamsburg, IA 52361, USA

60 Room nights in value added Hotel

  • Total Investment $ 600,000

  • Indicative yields calculated based on property price and current and estimated rents. Historical results are not indicative of future returns. Long term returns will vary with market conditions. Please review risk warnings.

    Est. Property Acquisition Cost $ 400,000

  • Indicative yields calculated based on property price and current and estimated rents. Historical results are not indicative of future returns. Long term returns will vary with market conditions. Please review risk warnings.

    Est. Property rehabilitation cost $ 200,000

  • Minimum Investment $ 25,000

How much can you earn on this investment?

 

Estimate Total Investment

$ 600,000
 

Estimate Sale Price

$1800000

Estimate Sale Costs

$126,000.00 7%

Estimate Gross Profit

$1,074,000.00
Estimate Return on Investment (Total)

179.00%

Vairt's Share (ROI)

89.5%

Partners's Share (ROI)

Investment >= 25000: you will got 30% of profit share
Investment >= $50,000: you will got 40% of profit share
Investment >= $100,000 : you will got 50% of profit share

89.5%

Financials

Total VairtVairtPartner

Estimate Purchase Price $ 400,000 $280,000$ 400,000

Estimate Rehab cost $ 200,000 $140,000$ 200,000

Estimate Total Investment$ 600,000$420,000.00$ 600,000

Estimate Sale Price $ 1,800,000 900,000900,000

Estimate Hold time1.5 Years

Estimate Sale Costs$ 126,000

Estimate Gross Profit$ 1,074,000537,000.00$751,800537,000.00

Estimate Management Fee$ 5,600

Estimate Net Profit$ 1,068,400534,200.00$747,880.00 534,200.00

Total Partner

Estimate Gross rent per year 96,000.00 $96,000

Estimate Service charges $ 16000

Estimate Cost $ 37340

Estimate Property Management $ 5600

Estimate Property Insurance / Taxes $ 31740

Estimate Net rent $ 42,660.00 $42,660

Estimate Net dividend income $ 42,660.00$21,330.00$21,330.00

Estimate Net dividend yield 7.11 %*3.56% 3.56

Only 2 decimal places shown. Calculation carried on actual numbers. Some rounding discrepancies may appear.

Property key info

Min investment amount
$25,000
Number of investors
(0)
Suggested holding period
1.5 Years
Estimate Sale Price
$1,800,000

Rental yields

Total Investment
$600,000
Estimate Property Acquisition Cost
$400,000
Estimate Property rehabilitation cost
$200000
Frequency
Monthly

Property Facts

  • Price
    $1800000
  • Lot Size
    3.30 AC
  • Price Per Room
    $30000
  • Building Size
    31948 SF
  • Sale Type
    Investment
  • No. of Rooms
    60
  • Cape Rate
    1%
  • No. Stories
    2
  • Sale Condition
    Deferred Maintenance
  • Year Built
    1990
  • Property Type
    Hospitality
  • Corridor
    Interior
  • Property Subtype
    Hotel
  • Opportunity Zone
    No
  • Building Class
    C

Property Detail

The Hospitality Property at 2228 U Ave, Williamsburg, IA 52361 is currently available For Sale. Contact JM Consultancy for more information. One Block from I-80

Investment Highlights

  • TRUCK PARKING
  • No Zoning

Property Taxes

  • Parcel Number 16-04-0203-9
  • Improvements Assessment $246,030
  • Land Assessment $125,000
  • Total Assessment $371030

Location on Map Video Tour

60 Room nights in value added Hotel is located in Williamsburg. Amana Heritage Museum and Amana Colonies are cultural highlights, and some of the area's landmarks include Amana Colonies National Historic Landmark and Amana Woolen Mill. Looking to enjoy an event or a game while in town? See what's happening at Xtream Arena & GreenState Family Fieldhouse or Carver-Hawkeye Arena.

For the last five years Atlanta has been among the top five metro areas in the nation for most net migration. Atlanta has the nation’s ninth largest GDP at $602 billion. Metro Atlanta is the ninth largest and one of the fastest-growing U.S. cities. Home to approximately 5.9M people in 2018, metro Atlanta experienced the fourth-largest population increase of all MSAs in the nation - an increase of approximately 663,000 people from 2010 to 2018. Since early 2018, Atlanta’s unemployment rate has remained below the national average. Private sector employment grew by 56,530 jobs in 2019, the highest increase since 2016. Thirty-one percent of Atlanta jobs are office-using, well above the national average (24%). Trade, Transporation & Utilities is the largest sector of the Atlanta economy at 21%, followed by Professional & Business Services (19%), Education & Health Services (13%), Government (12%), Leisure & Hospitality (11%), Financial Services (6%), Manufacturing (6%), Natural Resources, Mining & Construction (5%), Other Services (4%), and Information (3%).

Brokerage & Construction partner

RealState Broker

  • Coldwell Banker
  • Keller Williams

Construction partner

  • Vairt Constructions

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