Short Term Rental in South Bend IN
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $83,000
Cash invested: $40,000
Short Term Rental
https://www.airbnb.com/rooms/50489044?preview_for_ml=true&source_impression_id=p3_1649289251_agJNNinYEVnS%2BRMA
What made you interested in investing in this type of deal?
I love to travel and was inspired by a trip to Puerto Rico last year.
How did you find this deal and how did you negotiate it?
I found it on Zillow. Houses were selling fast and I saw the potential in this one so I offered LP and got it.
How did you finance this deal?
Conventional Mortgage
How did you add value to the deal?
I changed light fixtures, flooring and painted EVERYTHING! I also refinished the bath tub, tiled the bathroom and replaced sink/cabinet.
What was the outcome?
This STR cashflows an average of $2,200/mo!