8 best Airbnb investment opportunities | September 5, 2022
Northeast custom built 4 bedroom under $400k and a 14.4% cash on cash return.
1920 NE 72nd St, Lincoln City, OR 97367
Spectacular Oceanview Home Currently a Successful Vacation Rental known as Sands Of Time with Meredith Lodging. Gross income $86,271 in 2021! This Roads End popular destination features 5 beds, 3 baths, 3 fireplaces and Full living quarters on each floor so large groups can vacation together with ease. Plenty of natural light gleaming through the walls of windows, vaulted ceilings, skylights. Public Beach access in close proximity. Buyer to honor future bookings at closing and do all diligence with the city of Lincoln City in regards to vacation rental licensing. Buyer to cooperate with seller in a 1031 tax deferred exchange at no additional cost or delay to the buyers. Shown by appointment only do not disturb Guests.
$869,000
5 Bedrooms, 3 Bathrooms
Average Daily Rate: $354
Expected occupancy rate: 68%
Monthly expected income: $7,099
Monthly expected expenses: $4,244
Monthly expected cash flow: $2,855
Expected cash on cash return: 15.2%
210 Pattee Rd Extension, Monroe, ME 04951
Hawkins Hill Farm is equally stunning as it is whimsical. Surrounded by 42 surveyed acres of pasture and woods, the house sits at the top of the hill with vast panoramic views of the distant rolling hillsides and mountains of midcoast Maine. Enjoy watching sunrises and sunsets from inside the cozy and bright living room that offers 180 degree views! This home is designed for gathering and entertaining and has an open flow that thoughtfully connects the kitchen to the living room, dining room, and spacious screened porch. Located in the back is a large deck, pool house, pool, and total privacy. Just off the driveway and before the house you'll find the adorable little garden cabin that has a heat pump, full kitchen, porch, patio with raised beds, raspberries, fruit trees and a well. There is an additional tree house cabin, tucked in beside the barn, with eastern views. This property also offers a two car garage, large powered shop, and two story barn. You have to see this property to experience just how truly special and unique it is!The house has been rented on Airbnb and VRBO for the last 3 years and produces a substantial income. 25 minutes to Belfast and 35 minutes to Bangor.Showings by appointment only. House is currently rented on weekends.Showings limited to weekdays and will begin Tuesday 9/6 through Thursday 9/8. Check ShowingTime for following week.
$949,000
3 Bedrooms, 2 Bathrooms
Average Daily Rate: $368
Expected occupancy rate: 71%
Monthly expected income: $7,711
Monthly expected expenses: $5,537
Monthly expected cash flow: $2,174
Expected cash on cash return: 10.6%