Updated over 3 years ago on .
The Scott (VacayPrime)
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $985,000
Finding the perfect home in this Market isnt easy. But we did, The Scott is a perfect example of how a 5 bed 3 bath house can perform in the STR market. Our investors picked this home up for just shy of 1million, at a cap rate of a whopping 15.16%. The Scott is projected to Gross 223,000 annually, while also in an area thats averaging 18% percent annual equity increase.
What made you interested in investing in this type of deal?
Perfect location, and an exceptionally high cap rate.
How did you find this deal and how did you negotiate it?
MLS listing, figuring out exactly what the seller needed, and accommodated the lease back request.
