Completed my first deal, 5 year airbnb hold, $12k to $195k | 1,525% ROI.

[Michael Castro]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $155,000
Cash invested: $7,750
Sale price: $290,000

Purchased as a primary, operated as an airbnb cashflowing over $1k/mo net profit for 5 years, sold for an additional $135k from appreciation. Pretty much all furniture and appliances were from fb marketplace.

What made you interested in investing in this type of deal?

Very little cash needed, cashflow from day 1.

How did you finance this deal?

Conventional

How did you add value to the deal?

Just by furnishing, no work was needed.

What was the outcome?

Net profit (excluding tax of sale) of ~$195k in 5 years, on a ~$12k investment (including furnishing)

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I am the agent.