~1360% ROI so far as Airbnb purchased as primary residence. From ~$13,500 to ~$197k.

[Michael Castro]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $183,000
Cash invested: $9,150

Purchased this home off market by a motivated seller moving out of state who had just completely renovated it. Current assessed value by county is $335k. Over $45k net cashflow so far + $152k appreciation to date. From ~ $13,500 (including furniture) to $197k so far.
1360% ROI so far.

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

Very little cash invested, fully updated home including all systems.

How did you finance this deal?

Conventional 5% down

How did you add value to the deal?

Just furnishing.

What was the outcome?

From ~ $13,500 (including furniture) to $197k so far. 1360% ROI so far.

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

I am the agent.