8 best Airbnb investment opportunities | October 11, 2022
29.7% cash on cash return, under $350k for a two bedroom haunted cabin, in today's Premium newsletter.
32 Wallace Cove Lane, Milbridge, ME 04658
Wallace Point Cottage is a delightful, bright 3-season cottage perched on its own granite-bound point with 255ft. of wrap-around shore frontage jutting into beautiful Back Bay. Positioned with a southerly exposure and just feet from the water, this cozy 3bed/1.5bath cottage commands magnificent, long views out to the islands and open ocean from nearly every window. There's easy water access from the stunning pink granite frontage and a small gravel beach along the east side that's perfect for launching your kayak. A sailboat mooring is possible just offshore. The convenient storage barn could be converted to a bunkhouse or office for additional space or maintained for storage. Wallace Point Cottage is at the end of a quiet, private, wooded peninsula with a handful of other summer cottages and only 10 minutes to the lovely, full-service village of Milbridge. This is a close-knit, welcoming summer neighborhood of friendly folks. Offered furnished, Wallace Point Cottage would be a great vacation rental or the perfect vacation home for you and your family along the beautiful coast of Maine.
$349,000
3 Bedrooms, 2 Bathrooms
Average Daily Rate: $271
Expected occupancy rate: 65%
Monthly expected income: $4,765
Monthly expected expenses: $3,147
Monthly expected cash flow: $1,618
Expected cash on cash return: 19.4%
1800 County Road 36, Margaretville, NY 12455
Perched on a hill overlooking a wildflower filled meadow and inspiring mountain views sits this mid-century modern gem. Tucked in the trees with not a neighbor in sight, the home, clad in rough-cut hemlock, blends seamlessly into its natural surroundings. A defining feature is the sound of the rushing stream (Batavia Kill) that perpetually fills the air. The property is a rare offering that combines an architecturally unique envelope, a stylishly designed interior and the complete Catskills experience; 31 acres of land including 1200 feet of stream frontage, a portion of which runs directly adjacent to the house, large open meadows in which to meander, a sizable spring-fed pond, a forest with over 200 feet in elevation gain that backs up to forever wild land on which you can blaze miles of private hiking trails, and an abundance of wildlife including bald eagles, foxes, porcupines, turtles, flying squirrels, and herons, to name just a few of the many species you'll encounter. As you step inside the open floor plan, a wall of glass frames the layered forest, meadow and mountain views. A myriad of windows and strategically placed skylights allows natural light to permeate the entire structure. One of the owners, a Parisian interior designer whose work has been featured in various global publications, made significant renovations and upgrades.
$1,175,000
4 Bedrooms, 3 Bathrooms
Average Daily Rate: $466
Expected occupancy rate: 64%
Monthly expected income: $9,071
Monthly expected expenses: $7,639
Monthly expected cash flow: $1,432
Expected cash on cash return: 5.6%