Short Term Rental Analysis

250 W Cortez Rd

Palm Springs, California

4 bed

3 bath

12 guests

$1,200,000 Purchase Price

    Under Analysis

    For Sale

    Listing Unavailable

Notes

No description added

Projected Revenue

AirDna ADR: $768

AirDna Occupancy: 61%

Avg Daily Rate

Annual Revenue
$183,809

Occupancy Rate

223 Days/Year

61%

Financial Summary

This looks like a profitable investment over the next 1 year

Revenue

$183,809

Operating Expenses

-$19,194

Operating Income

$164,614

Mortgage & Taxes

-$62,544

Profit (Cash Flow)

$102,070

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Return Metrics

40.7% cash-on-cash return is a excellent return over the next 1 year

Price Appreciation

3%

Cash on Cash Return

40.7%

Cap Rate

13.71%

Cash Investment Summary

You will need $250,750 in cash to and renovate this property

Down Payment

-$240,000

Furniture & Renovations

-$10,750

Closing Costs

$0