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Updated about 3 years ago on . Most recent reply

User Stats

100
Posts
26
Votes
Owen Thornton
  • Rental Property Investor
  • Charlotte, NC
26
Votes |
100
Posts

Evaluating a property for STR

Owen Thornton
  • Rental Property Investor
  • Charlotte, NC
Posted

Hi! I was looking at this property, and I thought it was quite a good deal.

https://www.zillow.com/homedetails/105-Mountain-Breeze-Dr-Maggie-Valley-NC-28751/65599491_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare

At an average of 77% occupancy for the area @3.7k a month, you would be cash flowing substantially of at least 20% coc Y1 (including the agents fee), y2 30+%

This one below too seems to be an okay investment as well for LTR

https://www.zillow.com/homedetails/109-Baity-Dr-Asheville-NC-28806/53166423_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare

under market value by 10k + has ability to cash flow @$800 a month.

Am a wrong? Right? Would it be worth pursuing the properties (with proper dudilligence)

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