Houston Air bnb Win

[Jasmin Elalfy]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $315,000
Cash invested: $80,000

This was my first Airbnb purchase. I used a DCSR loan and I spent around $30,000 to furnish the property & get a Airbnb ready. This needed up being best Airbnb out of all 3 of mine so far and I accredit it to making it the most different. It has a safari/zoo theme and no other Airbnb in the area really has this. I’ve been more than 85% booked even when the area commands 70% or less. I have a property manager that is professional that runs everything and takes a 20% profit.totally worth it

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

New construction going for so cheap in this area as opposed to how much new construction goes for New Jersey made me very interested in just purchasing something that is already completely done and hopefully good to go for the next few years. Especially since I’m not around, I wanted something new.

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

I found this deal on the MLS and I negotiated it based on the days on market being high.

How did you finance this deal?

I use a DSCR, The numbers made sense on it even as a year-round rental so it worked out out!

How did you add value to the deal?

I had a value by hiring a contractor to make the property different since it was very vanilla new construction. I got future walls done with wood panels as well as paint and wallpaper put up.

What was the outcome?

This is the highest cash flowing Airbnb that I have right now out of all three of mine.

Lessons learned? Challenges?

If I could do this all over again, I would probably go for a smaller house. This was a 1700 square-foot house and it was a lot of money to furnish as well as very stressful to try to fill every crevice of the home so it’s not plain!