Updated about 2 years ago on . Most recent reply
Old Oak Cottage
Investment Info:
Single-family residence buy & hold investment in Westminster.
Purchase price: $625,000
Cash invested: $156,000
Short-term rental investment. Lakefront home with views of a ski mountain.
From the Airbnb listing:
Direct lakefront home with panoramic views of Wachusett Ski Mountain. Your backyard is the gorgeous Wyman Lake! Wachusett skiing (voted #1 In MA) is 2 minutes away!
For summer travelers, we provide kayaks, canoes, paddle-boards, bikes, firewood, grill, cornhole, & more!
The home boasts an outdoor shower, washer/dryer, work-space, dishwasher, sunroom, two-tiered deck, 50” smart TV, and full kitchen amenities.
What made you interested in investing in this type of deal?
Year round STR.
How did you find this deal and how did you negotiate it?
MLS
How did you finance this deal?
Conventional
How did you add value to the deal?
Furnished ($15k)and fixed up ($20k)
What was the outcome?
Renting well on airbnb