Short Term Rental Analysis

60569 Bert Rd

Colon, Michigan

4 bed

2 bath

10 guests

$415,000 Purchase Price

    Under Analysis

    For Sale

    Listing Unavailable

Notes

No description added

Projected Revenue

AirDna ADR: $382

AirDna Occupancy: 64%

Avg Daily Rate

Annual Revenue
$57,525

Occupancy Rate

230 Days/Year

63%

Financial Summary

This looks like a profitable investment over the next 1 year

Revenue

$57,525

Operating Expenses

-$19,586

Operating Income

$37,939

Mortgage & Taxes

-$25,344

Profit (Cash Flow)

$12,595

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Return Metrics

13.52% cash-on-cash return is a good return over the next 1 year

Price Appreciation

3%

Cash on Cash Return

13.52%

Cap Rate

9.14%

Cash Investment Summary

You will need $93,100 in cash to and renovate this property

Down Payment

-$83,000

Furniture & Renovations

-$5,700

Closing Costs

-$4,400