Updated 12 months ago on . Most recent reply
Sunset beach nc
I have the opportunity to buy a family members house down at sunset beach nc, the address is 218 azalea circle sunset beach nc 28468. They do have a mortgage at 2100 a month. From airdna it says 34k a year 50% occupancy with a daily rate of 175 a night. However there are two airbnbs in the area one is doing 52k and the other is 47k. Not sure on what amenities they offer. The house has a garage I could potentially turn into a adu or just make the house bigger, can’t confirm that as I haven’t reached out to the city. Looking to host it myself however I would be starting with zero reviews. Where should I start in finding the tenant laws in nc, how should I setup the Airbnb to be competitive with the others. Any tips or information is appreciated. Thank you
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#1 Short-Term & Vacation Rental Discussions Contributor
- Investor
- Greer, SC
I looked this up to see if it was on or near the water and it isn't. House is a little dated.
Will they owner finance it or let you buy it subject to existing mortgage.
The numbers don't look that great and I don't see anything that appealing for someone to want to rent it.
After all your expenses your Net will likely be what I can make on a LTR which is much less work.
If it's an area you like and you are ok with the projected Net income then go for it.
This depends on your goals, not our opinions.