Short Term Rental in McCall, Idaho

[Anna Strausbaugh]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $690,000
Cash invested: $175,000

We purchased this cabin in McCall as a second home and have been running it as a short term rental. We found a great property manager, local cleaner and handyman. It's been renting very consistently and has had great cash flow so far!

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

We have been wanting a cabin of our own for years and once we found the right one we decided to rent it out when we aren't using it.

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

On the MLS. I am an agent so I handled the negotiations.

How did you finance this deal?

2nd home loan

How did you add value to the deal?

We turned a windowless storage/bonus room in the garage (that wasn't even counted in the square footage of the house when we bought it) into an arcade and game room, which has been a huge selling point as an Airbnb because it's really cold in McCall in the winter and not a lot of night life in the town so it gives kids and adults something fun to do in the evenings.

[Anna Strausbaugh]

Hi @Heather E Ingersoll! Our cabin in McCall has (thankfully) continued to do well as I know a lot of properties have seen a decline in bookings nationwide and I'm even hearing about it in the Boise area too. I haven't heard of it being a problem in the McCall area as of now. There's such a lack of supply for housing and lodging there that I'm not concerned at this point. My advice would be to find a property that has unique characteristics, those tend to do better. Our property is unique being a log cabin and we have an arcade. They perform better as STR's and/or they sell faster if you're just wanting to house hack and sell later. There's a huge need for long-term rentals up there and that will be the case for a VERY long time (possibly always) so if you're concerned about saturation, long term renting would be a very stable option in Donnelley or McCall. If you'd like to chat more sometime, I'd be happy to help! Feel free to reach out!