Glendale Arizona Short Term Rental

[Jeremy Holden]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $465,000
Cash invested: $90,000

Short Term Rental Strategy maximizing adr and occupancy after extensive airdna research.

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

We specialize in STR's in the Phoenix market.

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

I am a licensed agent who found this on the MLS.

How did you finance this deal?

Investment Loan

How did you add value to the deal?

Added a bedroom to the property, cleaned up the landscaping and made it a true staycation.

What was the outcome?

Going live in the next month, forecasting strong CoC 20%+.

Lessons learned? Challenges?

Understand the motivations of the seller to help you negotiate upon contract acceptance through the inspection process.