Charleston, SC House Hack | $1,000/month cash flow

[Jack Reipke]

Investment Info:

Single-family residence buy & hold investment in Charleston.

Purchase price: $255,000
Cash invested: $25,000

We (my wife and I) purchased this home in Charleston, SC in June 2020. This was our first house hack and is currently operated as a low-maintenance STR via Airbnb. We easily cover the cost of living at this home and cash flow ~$1,000 per month on top of that. Being a Revenue Consultant with Beyond, I am able to achieve a year-round occupancy level of ~85-90%.

How did you add value to the deal?

$25k into renovations, furniture, etc.