Short Term Rental Analysis

3169 W Northshore Drive-57

Albion, Indiana

3 bed

1 bath

8 guests

$350,000 Purchase Price

    Under Analysis

    For Sale

    Listing Unavailable

Notes

No description added

Projected Revenue

AirDna ADR: $326

AirDna Occupancy: 61%

Avg Daily Rate

Annual Revenue
$72,632

Occupancy Rate

223 Days/Year

61%

Financial Summary

This looks like a profitable investment over the next 1 year

Revenue

$72,632

Operating Expenses

-$15,858

Operating Income

$56,773

Mortgage & Taxes

-$20,520

Profit (Cash Flow)

$36,253

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Return Metrics

72.14% cash-on-cash return is a excellent return over the next 1 year

Price Appreciation

3%

Cash on Cash Return

72.14%

Cap Rate

16.22%

Cash Investment Summary

You will need $50,250 in cash to and renovate this property

Down Payment

-$35,000

Furniture & Renovations

-$8,250

Closing Costs

-$7,000