Short Term Rental Analysis

29320 Betsy Smith Trail

Beaver Island, Michigan

4 bed

2 bath

8 guests

$500,000 Purchase Price

    Under Analysis

    For Sale

    Listing Unavailable

Notes

No description added

Projected Revenue

AirDna ADR: $214

AirDna Occupancy: 80%

Avg Daily Rate

Annual Revenue
$62,529

Occupancy Rate

292 Days/Year

80%

Financial Summary

This looks like a profitable investment over the next 1 year

Revenue

$62,529

Operating Expenses

-$22,048

Operating Income

$40,480

Mortgage & Taxes

-$26,052

Profit (Cash Flow)

$14,428

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Return Metrics

13.05% cash-on-cash return is a good return over the next 1 year

Price Appreciation

3%

Cash on Cash Return

13.05%

Cap Rate

8.09%

Cash Investment Summary

You will need $110,500 in cash to and renovate this property

Down Payment

-$100,000

Furniture & Renovations

-$10,500

Closing Costs

$0