Short Term Rental Analysis

612 Riverview Rd Ext

Lexington, North Carolina

2 bed

2 bath

6 guests

$379,000 Purchase Price

    Under Analysis

    For Sale

    Listing Unavailable

Notes

No description added

Projected Revenue

AirDna ADR: $214

AirDna Occupancy: 60%

Avg Daily Rate

Annual Revenue
$46,897

Occupancy Rate

219 Days/Year

60%

Financial Summary

This looks like a profitable investment over the next 1 year

Revenue

$46,897

Operating Expenses

-$15,086

Operating Income

$31,810

Mortgage & Taxes

-$19,752

Profit (Cash Flow)

$12,058

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Return Metrics

14.65% cash-on-cash return is a good return over the next 1 year

Price Appreciation

3%

Cash on Cash Return

14.65%

Cap Rate

8.39%

Cash Investment Summary

You will need $82,300 in cash to and renovate this property

Down Payment

-$75,800

Furniture & Renovations

-$6,500

Closing Costs

$0