Short Term Rental Analysis

2739 Russell Dr

Wayland, Michigan

2 bed

2 bath

8 guests

$228,000 Purchase Price

    Under Analysis

    For Sale

    Listing Unavailable

Notes

No description added

Projected Revenue

AirDna ADR: $124

AirDna Occupancy: 63%

Avg Daily Rate

Annual Revenue
$34,515

Occupancy Rate

230 Days/Year

63%

Financial Summary

This looks like a profitable investment over the next 1 year

Revenue

$34,515

Operating Expenses

-$18,407

Operating Income

$16,108

Mortgage & Taxes

-$11,880

Profit (Cash Flow)

$4,228

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Return Metrics

8.11% cash-on-cash return is a decent return over the next 1 year

Price Appreciation

3%

Cash on Cash Return

8.11%

Cap Rate

7.06%

Cash Investment Summary

You will need $52,100 in cash to and renovate this property

Down Payment

-$45,600

Furniture & Renovations

-$6,500

Closing Costs

$0