Cash Flowing With Non-Traditional Room Rentals

[Robert Frazier]

Did you know 28% of American households are individuals? That has grown from just 13% in 1960.

I've been working with a client who is selling their sfh's to scale up to multi-family redevelopment (we've been learning a ton)....and they have build their real estate portfolio with room rentals in larger houses.
Our city Boise has a plethora of larger 30-50 year old homes that need lots of love. This was due to a large mormon population in the 80's and 90's. These houses make great opportunities for room rentals. 

We are listing this one: https://www.homesnap.com/ID/Bo...  currently and it is a rare bird in Idaho, a cash-flowing rental available for purchase!

Per Room Rental Rate: $800-$900 per month in 2 room suites. 

House: 5 Suites and 1 more ready to add a bathroom.

Occupancy: 90% plus

Monthly Revenue: $4000+

Net After Expenses (Assuming $450k note): $1000

This sort of strategy can work with househacking young people, retirees or actively managing SFH investors. It is more work to manage with renters who share space but the opportunity for a great cash-flowing property is super rare in this economy.

Let me know if you're interested in looking for this kind of opportunity in Boise or elsewhere.