Short Term Rental Analysis

393 Poplar Ln

Traverse City, Michigan

4 bed

3.5 bath

12 guests

$465,000 Purchase Price

    Under Analysis

    For Sale

    Listing Unavailable

Notes

No description added

Projected Revenue

AirDna ADR: $524

AirDna Occupancy: 53%

Avg Daily Rate

Annual Revenue
$101,435

Occupancy Rate

194 Days/Year

53%

Financial Summary

This looks like a profitable investment over the next 1 year

Revenue

$101,435

Operating Expenses

-$27,106

Operating Income

$74,328

Mortgage & Taxes

-$25,032

Profit (Cash Flow)

$49,296

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Return Metrics

41.83% cash-on-cash return is a excellent return over the next 1 year

Price Appreciation

3.1%

Cash on Cash Return

41.83%

Cap Rate

15.98%

Cash Investment Summary

You will need $117,825 in cash to and renovate this property

Down Payment

-$93,000

Furniture & Renovations

-$10,875

Closing Costs

-$13,950