Suburban Farmhouse Airbnb

[Anastasia Gamino]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $290,000
Cash invested: $145,000

35k renovations
20k furniture
25% downpayment- DSCR Loan

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

We loved the location and knew if we could add some charm that this would be a very successful Airbnb.

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

We randomly went to an Open House and didn't have a pre-approval letter yet!

How did you finance this deal?

DSCR loan- this loan uses the income of your property and not your debt to income ratio!

How did you add value to the deal?

We tore down a small wall in the kitchen, added granite, and a backsplash. We made the kitchen more open and a focal point for the home! We painted the brick fireplace black and this made the living room pop!

What was the outcome?

We gross 5-6k a month and net 2,000-2,500 a month