Freshwater Fun

Summary

Purchase Price: $307,000 on 07/19/2021

Estimated Value: $333,000

My team – here – has managed every aspect of this property from discovery to acquisition and financing, setup and operation. One of my partners discovered and underwrote the home. I managed the real estate and mortgage transactions in my capacity as a real estate agent and mortgage loan officer. Once we closed, my team went in and set it up, including sourcing and buying all the supplies, furniture and décor.

Here is the listing, which shows the condition of the property at the time of purchase for comparison against howit’s set up in the STR listing above.

The real estate transaction was down payment only – closing costs paid by seller – of $30,700 and the setup expense was approximately $18k.

Market Position:

There are 342 properties with up to 4 beds, 2 baths that do not have a pool. Among those we rank 7^th for top line revenue in thepast 12 months and 25th for annualized revenue based on Average Daily Rate and Occupancy, putting us in the 97^th and 92nd percentile respectively. You can view this report here.

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Check Out The Listing Here