Kissimmee Short Term Rental

[Carson McGee]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $675,000
Cash invested: $120,000

This is a short-term rental purchased south of Disney. We built out a team of professional designers, muralists, and laborers to completely transform the property. This home is projected to make annual gross revenue of $165,000 - $180,000. Check out the full property pictures at Elevated-Stays.co

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

The cap rate was over double previous long-term rental investments.

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

We found this deal on the MLS and offered cash with no inspection right as it was listed.

How did you finance this deal?

We bought it with cash and refinanced it with delayed financing for STRs using DSCR and income projections.

How did you add value to the deal?

We added value to the income potential of the deal through elaborate design and furniture. This increased the average nightly rates by 40%+

What was the outcome?

The outcome was a successful short-term rental that provides a fully immersive guest experience.

Lessons learned? Challenges?

A lesson learned is that onboarding and theming an STR takes time, set aside a few months for this process.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Yes, feel free to reach out for contacts.