AirBnb in Navarre FL

[Caleb Drake]

Investment Info:

Single-family residence buy & hold investment in Navarre.

Purchase price: $168,000
Cash invested: $3,500

SFR AirBnB we purchased in 2019 for $168k with 20% down. Home has increased in gross revenue yoy from $25k to $41k. We maintained a 91.6% occupancy rate in 2021.

After the market appreciation of 20-21, we refinanced out of our original position, lowered our rate, Title and finance in our LLC and pulled all the money we had in it out.

What made you interested in investing in this type of deal?

Cashflow from previous Airbnb

How did you find this deal and how did you negotiate it?

MLS

How did you finance this deal?

First conventional. Now hard money SFR 30 yr note.

How did you add value to the deal?

STR vs LTR

What was the outcome?

High NOI