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Updated almost 3 years ago on . Most recent reply

Nick Velez's profile image
Nick Velez's profile image
Nick Velez
  • Lender
  • Member since Apr 11, 2019

User Stats

242
Posts
216
Votes
Nick Velez's profile image
Nick Velez's profile image
Nick Velez
  • Lender
  • Member since Apr 11, 2019
Nick Velez
  • Lender
216
Votes |
242
Posts
Real Estate Deal Analysis & Advice

First STR in Gainesville Florida

Nick Velez
  • Lender
Posted

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $270,000
Cash invested: $55,000

This was my first STR that I purchased in Gainesville Fl. It is projected to gross 48k but similar listings have brought in 70k the past year. I am projecting 2k net cash flow the first year but I will update this as the coming months go by!

How did you finance this deal?

DSCR loan through TheOneBrokerage

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