Daytona Beach Long Term Rental

[Manny Del Val]

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $225,000
Cash invested: $275,000

This property is in Daytona Beach Florida its 4 blocks from the beach and 4 blocks from main street. The property is a Single-Family Property with an ADU in the back. I am working on converting the garage to another rentable unit and the shed to a tiny home. The top ADU is rented and the main house is a 3/2 that will be available to rent on May 1st, 2023. If you're looking to rent or know someone that is interested please reach out.

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

The potential to add additional units to the Main Home and the ADU already there. Adding an additional 2 units will be key to being able to cash flow.

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

Deal was brought to me by a wholesaler on Facebook.

How did you finance this deal?

The Deal was paid cash working the BRRRR method to bring the cash back.

How did you add value to the deal?

Renovated the main home getting it ready to rent by May 1st, 2023. Once the main home is rented then I will be working on converting the shed to a tiny home and converting the garage to another unit.

Lessons learned? Challenges?

make sure you walk the property thoroughly. I missed somethings on the walkthrough. Always look for was to add value and other ways that you can create cashflow.