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Updated about 3 years ago,
STR home purchase overpriced but still cash flows!?
Found a property in beach area that is definitely overpriced (almost everything is) but with calculations of 70% occupancy high season and 50% low season , and other methods such as enemy method @lukecarl , the property STILL cash flows. Property would be purchased 100% OPM.
This is a desirable vacation spot for potential purchaser as well and would use 4 weeks out of the year !
Would you go ahead with purchase ?