Looks great!!

Thanks, Kevin! I’ll check it out

Ahh that explains why we couldn’t find it! What do you suggest to estimate income? AirDNA seems like one of the few solid options to estimate annual revenue. I’m all ears when it comes to refining the process, from sharp str minds!

No mgmt fee. Ran the numbers as self managed!

No way! What are the chances?! Curious to know what you would recommend? Couldn't find this property comp on there so that says something I guess..

Nice! Seems like you need to crush those weeks to make it though the low times.

Waterfront properties on Topsail Island are clearly the juggernauts when it comes to STRs. According to this chart this isn't how it has always been. It would have been tough to justify a luxury or upscale waterfront home a few years ago, which is crazy!

Crushing it!! 💪🏼

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Yearly ROI Cash on Cash Return: 5% Cap Rate: 7.87%

Net Operating Income (Pre Tax Cashflow) Monthly: $1,044 Yearly: $12,531

Expenses Monthly Operating Expense: $1,858 Monthly Mortgage Payment (30 years @ 7.13%): $4,826 Yearly Mortgage Payment: $57,912 Total Monthly Expenses: $6,684

Forecasted Revenue According to AirDNA Avg Daily Rate: $387 Est Occupancy: 64% Cashflow break even occupancy: 56% Yearly Revenue: $92,739 Monthly Revenue: $7,728

The Details Listing Price: $895,000 Downpayment (20%): $179,000 Closing Cost (3%): $26,850 Est Rehab: $0 Aprox cost of furnishings: $45,000 Cash needed at closing: $250,850

Today we are looking at 1159 N Anderson Rd, Topsail Beach, NC. This is a 4 bedroom, 2 bathroom, 1200 sqft beach front home. Lets dive in! 🧵👇

Yeah, they are LTRs. Should have mentioned that!

I agree! There is definitely a place for it. The little setup I have has so much interest I have a waiting list to get in that is years long.

This would crush for seniors, I think. I have a couple adult living triplexes. Have since built a big shed to rent out space to the tenants to store things like RVs, boats, summer cars (located in Canada).

You have to wonder what the thought process was there..

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