Introducing Lucky Day Retreat, my first short-term rental property! I’ve embarked on this exciting venture by leveraging a unique program that allows me, as an investor (despite not being a veteran), to acquire VA REO properties with just a 5% down payment. After factoring in all fees and commission reductions, I brought approximately $21,000 to the closing table.
To transform this property into a cozy haven, an additional $30,000 was invested in repairs and furnishing. With an estimated annual gross revenue of $90,000, the numbers are looking promising. The fixed monthly carrying costs amount to $3,600, covering essentials like the mortgage (includes escrow) ($3,000), lawn care ($200), utilities ($350), and internet ($50).
Nestled in the charming town of Argyle, Texas, this property boasts accommodation for up to 14 guests within its 4 bedrooms and 2.5 baths. Noteworthy is the inclusion of a Tesla Universal EV charger, catering to eco-conscious travelers.
My vision for Lucky Day Retreat is to cater to relocations for insurance companies seeking temporary housing solutions while also tapping into the vibrant market of youth baseball tournaments in the area. To experience this inviting retreat firsthand or to book your stay, check out our video tour at ntxrooms.com. Your next getaway awaits at Lucky Day Retreat!