Unterwalden Riverfront Cabin

[Robert Karnes]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $90,000
Cash invested: $90,000

Short Term Rental in a mountain community.
https://airbnb.com/h/unterwalden-riverfront-cabin

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

I like the rural mountains of West Virginia. Helvetia in particular is an area settled by Swiss and German immigrants and retains much of that character.

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

I originally purchased the property as a place to build a family retreat. The seller believed they had a 5 acre property and their asking price was high for that acreage. After a brief discussion I realized based on their description that the property was much larger. It turned out to be 13 acres and includes 2000 feet of river front on a native trout stream.

How did you finance this deal?

Cash.

How did you add value to the deal?

I had Amish builders build 3 cabin shells which I finished out over a few years.

What was the outcome?

My build cost was about $90,000 per cabin, I currently live in 1, have a long-term tenant in one and have the 3rd as an STR. The STR does about $35,000 per year gross.
We have a 5 Star Super Host rating on AirBnB and are Premier Hosts on VRBO.

[Aaron Howell]

Looks good.  When I was in school at WVU there was a band that would play in Morgantown called the "Helvetia Blues Band".  I found it on the map near you when I googled the location.