Updated almost 3 years ago on . Most recent reply
Short Term Rental in McCall, Idaho
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $690,000
Cash invested: $175,000
We purchased this cabin in McCall as a second home and have been running it as a short term rental. We found a great property manager, local cleaner and handyman. It's been renting very consistently and has had great cash flow so far!
What made you interested in investing in this type of deal?
We have been wanting a cabin of our own for years and once we found the right one we decided to rent it out when we aren't using it.
How did you find this deal and how did you negotiate it?
On the MLS. I am an agent so I handled the negotiations.
How did you finance this deal?
2nd home loan
How did you add value to the deal?
We turned a windowless storage/bonus room in the garage (that wasn't even counted in the square footage of the house when we bought it) into an arcade and game room, which has been a huge selling point as an Airbnb because it's really cold in McCall in the winter and not a lot of night life in the town so it gives kids and adults something fun to do in the evenings.
- Anna Strausbaugh
- [email protected]
- 2088905236
