Short Term Rental in Arlington by AT&T Stadium
Investment Info:
Single-family residence buy & hold investment in Arlington.
Purchase price: $266,000
Cash invested: $266,000
4/2/2 Brick home located in Arlington that is looking at AT&T Stadium. It's only a 15 minute walk to AT&T, 20 minute walk to Globe Life Stadium, 5 min drive to Six Flags, and only a 5 min drive to Hurricane Harbor! This property is being completely gutted and renovated to use as an AirBnB which should bring in about 300 a night (on average at 70% occupancy). Hoping to have this project done by Dec 2021 for guests to enjoy some Cowboy games!
What made you interested in investing in this type of deal?
I used to manage an AirBnB in Kessler Park (8 min SW of Downtown Dallas) and I saw the power of AirBnB rentals first hand. Many guests would stay there then travel to Arlington to go to a concert or the amusement park as well as check out Dallas. I knew if we were going to do a SFR as a rental it would need to be an AirBnB and we believe this spot is prime location.
How did you find this deal and how did you negotiate it?
Found this through my brokerage. My coworker had it but it fell through with the previous buyer and was scrambling to get the deal closed, so we walked the property and we decided we would buy it cash and close on it ASAP if we got 10k off (budgeted 10k in furnishing) and it was a done deal.
