$1,200,000
Avg. Purchase Price
$450
Avg. Nightly Rate
55%
Avg. Occupancy
mountain
Market Type
Park City is a premium ski resort market with Sundance Film Festival driving January demand. High purchase prices but excellent nightly rates for luxury properties.
Property Details
$
Financing
%
%
years
Expected Income
$
%
nights
%
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Operating Expenses
$
$
$
$
$
%
%
Monthly Cash Flow
-$985
Annual Cash Flow
-$11,816
Cash-on-Cash Return
-3.5%
Cap Rate
5.0%
Break-Even Occupancy
63%
Proceed with caution
Main risk: break-even is 8 pts above modeled occupancy.
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Park City STR Market Highlights
- 1Two world-class ski resorts (Park City and Deer Valley)
- 2Sundance Film Festival in January commands ultra-premium rates
- 3Summer mountain biking and hiking extend the season
- 4Salt Lake City proximity adds day-tripper demand
Seasonality in Park City
Ski season (December-March) is premium. Sundance in January can see 5x normal rates. Summer is growing.
Analyze for VRBO Instead
Model this property with VRBO's 5% commission plus processing assumption.
Park City STR Regulations
Park City requires STR licenses and has occupancy limits. HOA restrictions are common in condo complexes.
View Full RegulationsNearby Markets
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Frequently Asked Questions
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