Short Term Rental Analysis

4585 Luke Ave

Destin, Florida

7 bed

4.5 bath

16 guests

$1,500,000 Purchase Price

    Under Analysis

    For Sale

    Listing Unavailable

Notes

No description added

Projected Revenue

AirDna ADR: $888

AirDna Occupancy: 67%

Avg Daily Rate

Annual Revenue
$217,305

Occupancy Rate

245 Days/Year

67%

Financial Summary

This looks like a profitable investment over the next 1 year

Revenue

$217,305

Operating Expenses

-$42,169

Operating Income

$175,135

Mortgage & Taxes

-$97,128

Profit (Cash Flow)

$78,007

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Return Metrics

24.59% cash-on-cash return is a excellent return over the next 1 year

Price Appreciation

3%

Cash on Cash Return

24.59%

Cap Rate

11.67%

Cash Investment Summary

You will need $317,125 in cash to and renovate this property

Down Payment

-$300,000

Furniture & Renovations

-$17,125

Closing Costs

$0