Short Term Rental Analysis

6 Rhododendron Dr

Arden, North Carolina

3 bed

4 bath

12 guests

$725,000 Purchase Price

    Under Analysis

    For Sale

    Listing Unavailable

Notes

No description added

Projected Revenue

AirDna ADR: $324

AirDna Occupancy: 54%

Avg Daily Rate

Annual Revenue
$63,903

Occupancy Rate

197 Days/Year

54%

Financial Summary

This looks like a profitable investment over the next 1 year

Revenue

$63,903

Operating Expenses

-$15,597

Operating Income

$48,305

Mortgage & Taxes

-$37,788

Profit (Cash Flow)

$10,517

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Return Metrics

6.82% cash-on-cash return is a decent return over the next 1 year

Price Appreciation

3%

Cash on Cash Return

6.82%

Cap Rate

6.66%

Cash Investment Summary

You will need $154,000 in cash to and renovate this property

Down Payment

-$145,000

Furniture & Renovations

-$9,000

Closing Costs

$0