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Updated about 5 years ago on . Most recent reply

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Aaron C.
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Are the home prices worth it for STR in Bend, Or?

Aaron C.
Posted

Hi. I'm considering buying an STR in Bend, OR. The city has limited permits, so converting an existing house to an STR is not an option. The prices I am seeing are essentially $450 sq ft, so ~$800K for 1800ft. The NOI is about $25K but with a mortage, it doesn't cash flow. How are you owners of STRs in Bend making it happen at current rates?

Do you think the STRs are overvalued currently?
 

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Twana Rasoul
  • Real Estate Agent
  • San Diego, CA
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Twana Rasoul
  • Real Estate Agent
  • San Diego, CA
Replied

@Aaron Coldiron I would not be buying a property right now that is priced per STR income. If you buy, make sure it works at LTR for now.

Best of luck!

  • Twana Rasoul
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