Short Term Rental Analysis

Burton St SW

Grand Rapids, Michigan

2 bed

2 bath

3 guests

$300,000 Purchase Price

    Under Analysis

    For Sale

    Listing Unavailable

Notes

No description added

Projected Revenue

AirDna ADR: $95

AirDna Occupancy: 61%

Avg Daily Rate

Annual Revenue
$93,246

Occupancy Rate

168 Days/Year

46%

Financial Summary

This looks like a profitable investment over the next 1 year

Revenue

$93,246

Operating Expenses

-$26,042

Operating Income

$67,204

Mortgage & Taxes

-$20,556

Profit (Cash Flow)

$46,648

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Return Metrics

70.14% cash-on-cash return is a excellent return over the next 1 year

Price Appreciation

3%

Cash on Cash Return

70.14%

Cap Rate

22.4%

Cash Investment Summary

You will need $66,500 in cash to and renovate this property

Down Payment

-$60,000

Furniture & Renovations

-$6,500

Closing Costs

$0