12 best Airbnb investment opportunities | April 7, 2022
A-frame under $325k with 18.2% cash on cash return. Four above 18% cash on cash. Today's list: MI, ME, OH, NC, WA, GA, and VT.
9970 Linderman Rd, Bear Lake, MI 49614
Looking for an up north getaway spot? Do you need a workshop & storage for all of your toys? Then don't miss your chance to own this well maintained full log home on 1.5 acres! Interior features a main floor bedroom with large closets, updated bath with custom tile shower and soaker tub, granite kitchen countertops, gas fireplace with stacked stone surround, wood flooring with radiant heat, and a loft that overlooks the living area. Full basement has a finished room that could be an office or non conforming bedroom. Outside you'll love the front and rear covered porches, steel roof, and the insulated 32x40 pole building with steel liner, half bath, 220 electric, and a lean too on both sides for extra storage. Located just minutes from Bear Lake, Portage Lake, Lake Michigan & Manistee!
$275,000
2 Bedrooms, 1 Bathrooms
Average Daily Rate: $194
Expected occupancy rate: 60%
Monthly expected income: $3,441
Monthly expected expenses: $2,501
Monthly expected cash flow: $940
Expected cash on cash return: 14.7%
559 North Road, Mount Chase, ME 04765
Check out this gorgeous Katahdin Cedar Log Home built by a local craftsman. Sitting over 1000 feet above sea level has it's perks when it comes to views. This property has sweeping panoramic views of Mount Chase and the multiple other small mountains that surround it to the north, Mount Katahdin to the west, The hills of Oakfield, ME and Crystal Lake to the east and the hills of Sherman, ME to the south. With a spring fed pond of its own on the property it would be a great opportunity to have farm animals of your own or possibly a few riding horses. The 30 plus acres of cleared, prime fertile fields provide for plenty of garden space in addition to the current raised beds. Several long established perennial flower beds soften and enhance the rugged beauty of the homes exterior along with an established raspberry patch and other assorted wild treats . This was truly a labor of love for the original creators with attention to every detail. The extensive birds eye views, ever changing with the rotating seasons, offer a vivid and unrivaled window to Northern Maines seasonal beauty and diversity. There is a back-up wood boiler in the out building fed underground to the house and a whole house on demand back-up generator to make those storm outages more tolerable and virtually unnoticeable. The homes interior photos speak for themselves and the 2 large decks make for a great place to enjoy those summer afternoons and evenings. Real hardwood floors, tile floors and radiant floors through-out with custom cabinetry and custom hardwood trims. The finished basement can be used for the larger family or rented out as a separate unit as it is currently.
$549,000
4 Bedrooms, 3 Bathrooms
Average Daily Rate: $293
Expected occupancy rate: 59%
Monthly expected income: $5,092
Monthly expected expenses: $3,752
Monthly expected cash flow: $1,340
Expected cash on cash return: 11.1%