Charleston, SC House Hack | $1,000/month cash flow

Charleston, SC House Hack | $1,000/month cash flow

New to Real Estate · Member since 2019 · 4 posts · 4 votes

Investment Info:

Single-family residence buy & hold investment in Charleston.

Purchase price: $255,000
Cash invested: $25,000

We (my wife and I) purchased this home in Charleston, SC in June 2020. This was our first house hack and is currently operated as a low-maintenance STR via Airbnb. We easily cover the cost of living at this home and cash flow ~$1,000 per month on top of that. Being a Revenue Consultant with Beyond, I am able to achieve a year-round occupancy level of ~85-90%.

How did you add value to the deal?

$25k into renovations, furniture, etc.

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  • Rental Property Investor · Chandler, AZ · Member since 2019 · 42 posts · 44 votes
    4y

    Hey Jack - Congrats on the first STR!

    Do you plan to scale?

    Love that OR as well.  Is Charleston a seasonal location?  I'm not very familiar with the east coast market.

    We are in Phx and current Beyond users with apprx 11 properties on it. 

    Your post had me pondering if there are better ways to optimize the tool?




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