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Updated almost 3 years ago on .

Becky Elder's profile image
Becky Elder's profile image
Becky Elder
  • Lender
  • from Maple Valley, WA
  • Member since Aug 30, 2021
  • Posts 24
  • Votes 17
  • Experience 12 Yrs
  • Investments 3
Connect

User Stats

24
Posts
17
Votes
Becky Elder's profile image
Becky Elder's profile image
Becky Elder
  • Lender
  • from Maple Valley, WA
  • Member since Aug 30, 2021
  • Posts 24
  • Votes 17
  • Experience 12 Yrs
  • Investments 3
Connect
Becky Elder
  • Lender
  • Maple Valley, WA
17
Votes |
24
Posts
Real Estate Deal Analysis & Advice

Building a home for a short term rental

Becky Elder
  • Lender
  • Maple Valley, WA
Posted

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $400,000
Cash invested: $50,000

Bought a lot in the New Vantage Bay community and building a Hiline home on it. Lot and home total cost is 400k and the appraised value came back at 600k!
With the pool, clubhouse and near the Gorge Amphitheatre - we plan to to use it as a short term rental.

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