1280 W 29th St Short Term Rental (Transitional Housing.)

[David Toney]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $118,000
Cash invested: $30,000

This is a single family property this is rented by the room. The entire house is furnished with all utilities included. Fully occupied currently, we are grossing $600 per week or $2400 per month roughly.

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

This property is close to the down town, near a bus line, and fit the business model.

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

We worked with Rich Graham of REI Premier Real Estate Services and George Hemphill of Keller WIlliams to complete and close this project.