6 Bedroom / 3 Bathroom Multi-Family ->Converted to 8 bedroom 3 bathroom
Purchase Price: $589,000
Monthly Cashflow ~ 13k-16k
Unit 1 - STR 3k-5k
Unit 2- MTR/LTR 5k
Unit 3- MTR/LTR 6k
Category | Expenses |
Closing Costs | $87,234 |
Renovations | $24,938 |
Furnishing | $18,098 |
Pre-Launch Costs | $2,637 |
As the property was recently fully renovated prior to purchase, it did not require any additional work on our end.
The main thing we’ve done was just add a washer and dryer hookup, as the apartment did not have that prior.
This property was furnished and ready to go within 3 months.
If you’re looking to launch your own short-term rental properties or want to be involved in larger syndications that we organize, reach out and let’s set up a chat.