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