Short Term Rental Analysis

Riverside Dr

White Pigeon, Michigan

2 bed

1 bath

6 guests

$110,000 Purchase Price

    Under Analysis

    For Sale

    Listing Unavailable

Notes

No description added

Projected Revenue

AirDna ADR: $180

AirDna Occupancy: 57%

Avg Daily Rate

Annual Revenue
$37,474

Occupancy Rate

208 Days/Year

56.99%

Financial Summary

This looks like a profitable investment over the next 1 year

Revenue

$37,474

Operating Expenses

-$14,804

Operating Income

$22,669

Mortgage & Taxes

-$5,724

Profit (Cash Flow)

$16,945

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Return Metrics

59.98% cash-on-cash return is a excellent return over the next 1 year

Price Appreciation

3%

Cash on Cash Return

59.98%

Cap Rate

20.6%

Cash Investment Summary

You will need $28,250 in cash to and renovate this property

Down Payment

-$22,000

Furniture & Renovations

-$6,250

Closing Costs

$0