FLIP

0%

ROI

79 Bedrooms Building Size: 24,168 sqft

510 Northwest Georgia Avenue, Sweetwater, TX 79556, USA

Budget Inn - 79 Room Value Add Hotel

  • Total Investment $ 1,050,000

  • 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 $ 850,000

  • 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

$ 1,050,000
 

Estimate Sale Price

$2500000

Estimate Sale Costs

$175,000.00 7%

Estimate Gross Profit

$1,275,000.00
Estimate Return on Investment (Total)

121.43%

Vairt's Share (ROI)

60.71%

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

60.71%

Financials

Total VairtVairtPartner

Estimate Purchase Price $ 850,000 $595,000$ 850,000

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

Estimate Total Investment$ 1,050,000$735,000.00$ 1,050,000

Estimate Sale Price $ 2,500,000 1,250,0001,250,000

Estimate Hold time1.5 Years

Estimate Sale Costs$ 175,000

Estimate Gross Profit$ 1,275,000637,500.00$892,500637,500.00

Estimate Management Fee$ 0

Estimate Net Profit$ 1,275,000637,500.00$892,500.00 637,500.00

Total Partner

Estimate Gross rent per year 120,000.00 $120,000

Estimate Service charges $ 0

Estimate Cost $ 45300

Estimate Property Management $ 0

Estimate Property Insurance / Taxes $ 45300

Estimate Net rent $ 74,700.00 $74,700

Estimate Net dividend income $ 74,700.00$37,350.00$37,350.00

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
$2,500,000

Rental yields

Total Investment
$1,050,000
Estimate Property Acquisition Cost
$850,000
Estimate Property rehabilitation cost
$200000
Frequency
Monthly

Property Facts

  • For Sale
    $2500000
  • City
    Sweetwater
  • Zip Code
    79556
  • Neighbourhood
    Sweetwater
  • Lot Size
    2.29 AC
  • Property Size
    24168 SF
  • Year Built
    1983
  • Property Type
    Other
  • Date Updated
    21 Oct,2021

Property Detail

The subject property is currently a independently owned hotel that was a former Motel 6 constructed in 1983. The exterior corridor property includes 79 guest rooms and one manager’s quarter with 1 bedroom and 1 bathroom and full kitchen. The building is 24,168 SF and sits on a 2.29 acres lot. Amenities include: pool, ample parking, large pylon sign and visibility from Highway 84 and Interstate 20. The location offers an excellent mix of hotels and restaurants and sits adjacent to US Route 84. This highway runs a length of about 1,919 miles from Colorado and passes through New Mexican, Texas, Louisiana, Mississippi, Alabama and ends in Georgia. Potential buyers have the opportunity to create value through a renovation and repositioning of the asset, which is currently managed by out-of-state absentee owners. Current revenues are well below the competitive set within the city of Sweetwater. 2019 data shows Occupancy at 59.3%, ADR at $75.83 and RevPAR at $45. The RevPAR indicates a potential for this hotel to generate over $1.2M in revenues. A new owner can achieve the increased income by completing a renovation, repositioning the advertising strategy to online websites and adding amenities like continental breakfast.

Investment Highlights

  • Absentee Ownership Ready to Retire
  • Managers Unit with 1 Bed/1 Bath & Full Kitchen
  • 79 Rooms Value Add
  • Blocks From Rolling Plains Memorial Hospital
  • Pool and Ample Parking
  • Minutes from Texas State Technical College & Avenger Field Airport
  • Along Excellent Retail Corridor
  • Excellent Highway 84 & Interstate 20 Visibility
  • SELLER FINANCING AVAILABLE
  • No Zoning

Location on Map

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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