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Updated over 2 years ago on .

User Stats

130
Posts
59
Votes
Anthony Katsonis
  • Realtor and Investor
  • Placerville, CA
59
Votes |
130
Posts

Studio condo with a killer COCROI!

Anthony Katsonis
  • Realtor and Investor
  • Placerville, CA
Posted

Investment Info:

Condo buy & hold investment.

Purchase price: $185,000
Cash invested: $60,000

This is a great little studio condo at a great little resort in Gulf Shores, Alabama! The property needed quite a bit of work, so we got right to it and knocked out the rehab in 3 weeks. We completely remodeled the kitchen, including cabinets/counters/backsplash/appliances. We painted it and got all new furniture. It is posted on AirBNB, VRBO,, and our direct booking website, www.libertyvacationrentals.com. This property is on track to produce a 35%+ Cash on Cash Return! Gotta love real estate!