Short Term Rental Analysis

3508 Racine St

Durham, North Carolina

5 bed

3 bath

12 guests

$500,000 Purchase Price

    Under Analysis

    For Sale

    Listing Unavailable

Notes

No description added

Projected Revenue

AirDna ADR: $353

AirDna Occupancy: 60%

Avg Daily Rate

Annual Revenue
$77,358

Occupancy Rate

219 Days/Year

60%

Financial Summary

This looks like a profitable investment over the next 1 year

Revenue

$77,358

Operating Expenses

-$16,000

Operating Income

$61,357

Mortgage & Taxes

-$35,616

Profit (Cash Flow)

$25,741

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Return Metrics

201.89% cash-on-cash return is a excellent return over the next 1 year

Price Appreciation

3%

Cash on Cash Return

201.89%

Cap Rate

12.27%

Cash Investment Summary

You will need $12,750 in cash to and renovate this property

Down Payment

$0

Furniture & Renovations

-$12,750

Closing Costs

$0