Short Term Rental Analysis

182 Dockside Dr

Lake Lure, North Carolina

3 bed

3 bath

12 guests

$1,150,000 Purchase Price

    Under Analysis

    For Sale

    Listing Unavailable

Notes

No description added

Projected Revenue

AirDna ADR: $346

AirDna Occupancy: 60%

Avg Daily Rate

Annual Revenue
$75,824

Occupancy Rate

219 Days/Year

60%

Financial Summary

This looks like a poor investment over the next 1 year

Revenue

$75,824

Operating Expenses

-$15,954

Operating Income

$59,869

Mortgage & Taxes

-$59,940

Profit (Cash Flow)

-$70

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Return Metrics

-0.02% cash-on-cash return is a poor return over the next 1 year

Price Appreciation

3%

Cash on Cash Return

-0.02%

Cap Rate

5.2%

Cash Investment Summary

You will need $238,750 in cash to and renovate this property

Down Payment

-$230,000

Furniture & Renovations

-$8,750

Closing Costs

$0