11 best Airbnb investment opportunities | July 26, 2022
Five above 16% cash on cash return and a 3 bedroom beauty custom built in TN.
447 E Greystone Ave, Monrovia, CA 91016
This 1962 classic Mid-Century Modern home was beautifully designed by architect John L. Pugsley and is located in a highly desirable neighborhood of North Monrovia. This unique property features a terraced garden and walkway leading to the double door entry of this pristine home filled with an abundance of natural light. The post and beam construction, exposed red brick wall, and walls of windows make for an architectural dream. The formal step-down living room showcases a library w/ladder, built-in cabinets & bench seating, and a gorgeous natural wood ceiling. The entertainer’s kitchen is complete with stainless steel appliances, sleek cabinetry, quartz countertops and is perfectly situated adjacent to the breakfast nook and open dining area. The luxurious primary and guest bathrooms were completely remodeled including new vanities, custom tile and flooring.
$1,498,000
4 Bedrooms, 2 Bathrooms
Average Daily Rate: $491
Expected occupancy rate: 69%
Monthly expected income: $9,999
Monthly expected expenses: $8,558
Monthly expected cash flow: $1,441
Expected cash on cash return: 4.5%
11902 E State St, Fife Lake, MI 49633
Charming 2 bedroom 1 bath cottage on all sports Fife Lake. 50 feet of sandy beach frontage and gorgeous views. The cottage is scheduled to have a new roof at the first part of August 2022. Features an open floor plan with beamed ceilings, loft area and beautiful blue water views from inside the home. Cozy fireplace, hickory kitchen with corian countertops and stackable laundry area. Main floor bedroom and bath. Slider to the back deck and steps down to your private dock. Fife Lake is a 617 acre, all-sport lake with exceptional fishing, boating and swimming. Fife Lake amenities include restaurants, ice cream, library, grocery, party store, hardware, public beaches and boat launch.
$385,000
2 Bedrooms, 1 Bathrooms
Average Daily Rate: $203
Expected occupancy rate: 63%
Monthly expected income: $3,777
Monthly expected expenses: $3,031
Monthly expected cash flow: $746
Expected cash on cash return: 8.6%