Short Term Rental Analysis

219 Summit Park Dr

Banner Elk, North Carolina

6 bed

5 bath

14 guests

$1,600,000 Purchase Price

    Under Analysis

    For Sale

    Listing Unavailable

Notes

No description added

Projected Revenue

AirDna ADR: $849

AirDna Occupancy: 54%

Avg Daily Rate

Annual Revenue
$167,449

Occupancy Rate

197 Days/Year

54%

Financial Summary

This looks like a profitable investment over the next 1 year

Revenue

$167,449

Operating Expenses

-$35,688

Operating Income

$131,761

Mortgage & Taxes

-$83,388

Profit (Cash Flow)

$48,373

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Return Metrics

12.62% cash-on-cash return is a good return over the next 1 year

Price Appreciation

3%

Cash on Cash Return

12.62%

Cap Rate

8.23%

Cash Investment Summary

You will need $383,250 in cash to and renovate this property

Down Payment

-$320,000

Furniture & Renovations

-$15,250

Closing Costs

-$48,000