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Updated over 1 year ago,
STR in Tulsa Oklahoma by ORU and St. Francis Hospital
I just went under contract on my wife and I's 5th property! I am a Bigger Pockets preferred agent in Northwest Arkansas and my other 4 investments are here locally but I decided to branch out and take a bigger risk on this 5th investment in Tulsa.
I bought the AirDnA data for the area, ran my numbers and got the blessing from my wife to purchase this home. Im super excited BUT!! I do not have much knowledge on the Tulsa market and this property would work as a LTR but there is huge upside in STR for this home.
This deals details:
-$389k purchase
-They furnished this home for showings and I was able to negotiate them leaving $30,000 of furniture. (Praise God)
-Mortgage will be around $2500 a month
-AirDnA data was showing for homes with similar square footage and sleeping 8 people like mine would it would generate minimum of around $40,000 of income per year and this home BLOWS those other homes out of the water.
My questions are:
-Is this a deal you would do?
-I understand the process of Airbnb but are there things you all are seeing I should take into account?
-Did i score a good spot?
Thanks in advance! (I will include a pic of the place and some of the furniture they are leaving)
- Zachary Stanley