North Charleston, SC STR

[Kevin Sellon]

Investment Info:

Single-family residence buy & hold investment in North Charleston.

Purchase price: $577,000
Cash invested: $12,803

Welcome to 5323 Helene Dr, a stunning and thoughtfully reimagined home that blends style, function, and profitability as a top-performing short-term rental. We designed and renovated this one-of-a-kind property, creating an inviting retreat filled with modern charm and exceptional comfort.

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

This was our first investment in the Charleston area, and after searching high and low, we knew this was the one the moment we walked through it. Nestled in a quiet cul-de-sac, the property perfectly aligned with our goal of creating a warm, family-friendly short-term rental. With North Charleston's evolving STR regulations on the horizon, we did our due diligence early, ensuring the property would comply with the new laws—and it did. Now, we proudly operate a fully licensed, highly profitable

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

We found this deal on the MLS and did very little negotiating due to the hot market in 2022.

How did you finance this deal?

With a limited partner and traditional financing.

How did you add value to the deal?

Due to my background, I did the lion's share of the remodeling myself and my wife did the interior decor with mostly reused items making it a slam dunk.