Short Term Rental Analysis
910 Spruce St
Durham, North Carolina
3 bed
2.5 bath
6 guests
$325,000 Purchase Price
Under Analysis
For Sale
Listing Unavailable
Notes
No description added
Projected Revenue
AirDna ADR: $170
AirDna Occupancy: 63%
Avg Daily Rate
- Annual Revenue
- $39,117
Occupancy Rate
230 Days/Year
63%
Financial Summary
This looks like a poor investment over the next 1 year
Revenue
$39,117
Operating Expenses
-$14,973
Operating Income
$24,144
Mortgage & Taxes
-$26,028
Profit (Cash Flow)
-$1,883
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Return Metrics
-2.55% cash-on-cash return is a poor return over the next 1 year
Price Appreciation
3%
Cash on Cash Return
-2.55%
Cap Rate
7.42%
Cash Investment Summary
You will need $73,625 in cash to and renovate this property
Down Payment
-$65,000
Furniture & Renovations
-$8,625
Closing Costs
$0