Epic Spa & Play Retreat

4 Bedroom / 3 Bathroom Multi-Family -> Converted to 10 bedroom 4 bathroom
Purchase Price: $670,000 1.9% Down payment using a FHA loan with the closing costs dumped into the mortgage
~ 40K cash to close
~15k/month cashflow after all expenses

Property Summary

Launch Costs

Category 
Expenses
Closing Costs     $39,635
Renovations      $106,230
Furnishing  $22,098
Pre-Launch Costs  $2,637

Images

Work performed

We completed the addition of a luxurious 2-bedroom, 1-bath basement apartment and fully renovated the remaining units in the house. We also added a bedroom on the first floor and three bedrooms in the attic. Every bathroom in the property has been fully remodeled as well.

Timeline​

This property was furnished and ready to go within 5 months.

Get involved

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.