Estimate Total Investment
Estimate Sale Price
Estimate Sale Costs
Estimate Gross Profit
Total VairtVairtPartner
Estimate Purchase Price $ 1,250,000 $875,000$ 1,250,000
Estimate Rehab cost $ 200,000 $140,000$ 200,000
Estimate Total Investment$ 1,450,000$1,015,000.00$ 1,450,000
Estimate Sale Price $ 3,100,000 1,550,0001,550,000
Estimate Hold time2.0 Years
Estimate Sale Costs$ 217,000
Estimate Gross Profit$ 1,433,000716,500.00$1,003,100716,500.00
Estimate Management Fee$ 0
Estimate Net Profit$ 1,433,000716,500.00$1,003,100.00 716,500.00
Total Partner
Estimate Gross rent per year 126,000.00 $126,000
Estimate Service charges $ 0
Estimate Property Management $ 0
Estimate Property Insurance / Taxes $ 22905
Estimate Net rent $ 103,095.00 $103,095
Hotel in Colfax with free breakfast and 24-hour front desk Coffee/tea in a common area, laundry facilities, and a 24-hour front desk are available at this hotel. Free continental breakfast, free WiFi in public areas, and free self parking are also provided. Additionally, a computer station, express check-in, and express check-out are onsite. All 60 rooms offer free WiFi, coffee makers, and flat-screen TVs with cable channels. Other amenities available to guests include free weekday newspapers, free local calls, and hair dryers. Colfax Inn offers 60 air-conditioned accommodations with coffee/tea makers and complimentary weekday newspapers. Flat-screen televisions come with cable channels. Guests can surf the web using the complimentary wireless Internet access. Business-friendly amenities include phones along with free local calls (restrictions may apply). Additionally, rooms include hair dryers and irons/ironing boards. Microwaves and refrigerators can be requested.
Located in Colfax, Colfax Inn is in a rural area. Trainland U.S.A. and Valle Drive In are cultural highlights, and some of the area's activities can be experienced at Neal Smith National Wildlife Refuge and Haunting at Farrar. Guests appreciate the hotel's quiet location.
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%).
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Certain statements contained in this document constitute forward-looking statements. Such forward-looking statements, including our intended actions and performance objectives, projections, targets, estimates, or forecasts involve known and unknown risks, uncertainties and other important factors, including our ability to successfully develop and operate the Vairt Marketplace, our business model and the services we intend to offer. These factors are based on expectations and assumptions that may change and are subject to regulatory uncertainty, changes in our legal environment and the blockchain and real estate industries generally, which could cause our actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. All amounts, numbers, ranges, and values presented in this document are subject to material change and should be taken as preliminary and indicative only. Any such amounts, numbers, ranges, and values are based upon preliminary estimates, remain subject to ongoing analysis and may change materially. All forward-looking statements in this document speak only as of the date hereof. We expressly disclaim any obligation to update any forward-looking statement to reflect any change in our expectation or any change in events, conditions, assumptions or circumstances.
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