All Forum Posts by: Steven Denkers

I have owned a number of long-term rentals over the years and have recently been divesting myself of them in order to retire in a different state closer to my wife's ailing parents.  I am at the point where I am trying to simplify my life.  If we were staying in the area I would definitely hold onto it.  In fact, I bought the house next door and gutted and rehabbed it with the idea of doing another short-term rental there because this one far exceeded out expectations.  Then our plans changed.  Life happens.

I have a residence with a separate apartment that I rented on Airbnb (perfect set-up). The most full year (we travel a lot) grossed over $30,000. With some slight modifications to the main house, I think it could easily be two more units that are much more profitable than the apartment. 5200 total sq ft. I'm thinking $110,000/year total income. It is in a great location just north of Broadripple. The neighborhood is quiet and has no HOA. The property is on a pond. There are 2-car and 4-car attached garages, so plenty of parking. It has been totally rehabbed.

We need to move out of state to be closer to my wife's ailing parents.

How would I go about marketing this property as a good investment potential?

How much should such a property sell for as an investment?

I am new to this forum, so any feedback would be appreciated.

Thanks,

Steve