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Updated over 2 years ago on . Most recent reply

User Stats

284
Posts
85
Votes
Kyler J Sloan
  • Investor
  • Maggie Valley, NC
85
Votes |
284
Posts

STR Revenue Increase with Bedroom Additions

Kyler J Sloan
  • Investor
  • Maggie Valley, NC
Posted

In the Smokies, by how much do you estimate revenue increases as a percentage of your prior daily average when you go from a 2 bedroom, 2 bathroom to a 4-5 bedroom, 3 bathroom? 

Thanks in advance for any feedback. 

Most Popular Reply

User Stats

284
Posts
85
Votes
Kyler J Sloan
  • Investor
  • Maggie Valley, NC
85
Votes |
284
Posts
Kyler J Sloan
  • Investor
  • Maggie Valley, NC
Replied

@Josh Green Thank you, but I was actually speaking for a property I already have. A construction loan for nothing down could convert the place without eating into rent. 

There is a pad just north of my current property that I could build on without shutting the cabin down and interrupting income. 

From what I have found, the improvement could almost double my revenue with infinite ROI since the land is used as collateral.

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