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Updated over 3 years ago,
AirBNB in Mount Dora question
In my search for my first investment property, I came across a property that is being used for an Airbnb in Mount Dora, FL. The price is $270, with 20% down, my monthly would be around $1300. Currently, the reservations are averaging $2500 net a month. She has been using it as an Airbnb since May 2021.
I am completely new to real estate and would appreciate any input. Does this sound like a good investment?
I like the idea of generating cash flows through Airbnb’s. I also love mount Dora. The house is walking distance to the downtown.
Thank you for any input!!