Short Term Rental Analysis

Loraine Ave

Lansing, Michigan

3 bed

1 bath

6 guests

$147,500 Purchase Price

    Under Analysis

    For Sale

    Listing Unavailable

Notes

No description added

Projected Revenue

AirDna ADR: $178

AirDna Occupancy: 70%

Avg Daily Rate

Annual Revenue
$44,742

Occupancy Rate

256 Days/Year

70%

Financial Summary

This looks like a profitable investment over the next 1 year

Revenue

$44,742

Operating Expenses

-$18,776

Operating Income

$25,965

Mortgage & Taxes

-$12,972

Profit (Cash Flow)

$12,993

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Return Metrics

157.5% cash-on-cash return is a excellent return over the next 1 year

Price Appreciation

3%

Cash on Cash Return

157.5%

Cap Rate

17.6%

Cash Investment Summary

You will need $8,250 in cash to and renovate this property

Down Payment

$0

Furniture & Renovations

-$8,250

Closing Costs

$0