STR Mountain Cabin

[Kingston Yi]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $578,000
Cash invested: $100,000

3 Bed 2 Bath Cabin in the mountains

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

Airbnb and Cash on Cash returns

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

driving by, sellers were present and said the deal fell out of escrow, encouraged me to make an offer

How did you finance this deal?

20% down, conventional loan at 4.5% investment property

How did you add value to the deal?

Small upgrades, front/back decks

What was the outcome?

STR avg 4500/month

Lessons learned? Challenges?

Management of STR listing on airbnb, keeping up with competition, financial changes

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

self agent