9 best Airbnb investment opportunities | April 11, 2022
Six above 12% cash on cash return. Today's list: IL, ME, NY, NC, GA, NH, PA, and CA.
871 Braeburn Rd, Palatine, IL 60067
The opportunity is here once again. The current owners have been offered a job opportunity moving to Europe which allows this home to become available way sooner than they wanted! The iconic Frank Lloyd Wrights' influence shines bright in his apprentice Don Erickson's Mid-Century Modern design which was artfully crafted for his father right here in Inverness. Situated on a 1.6 acre lot adorned with mature trees and rolling views, this home takes advantage of all the magnificent sight lines created in the design features. New septic system installed 2021 too! The artistic elements which are hallmarks include horizontal raked mortar joints, the ceilings are lap-straked redwood planks and the diamond cut windows stretch 15' upwards to give you the most dramatic and awe-inspiring ever changing views. This home can entertain parties in grand scale whether inside or outside on the expansive lawn. The horizontal lines of windows, organic materials with exposed brick on the interior, natural wood, radiant heated floors and slightly sloping roof with generous overhangs are the calling cards of Wright designs. The Great Room has angular windows which take in the extremely private treed lot, the Kitchen was completely remodeled with fixtures from the Merchandise Mart, granite counters, SS appliances & Neff cabinetry with soft close drawers.
$679,900
4 Bedrooms, 3 Bathrooms
Average Daily Rate: $354
Expected occupancy rate: 64%
Monthly expected income: $6,685
Monthly expected expenses: $4,890
Monthly expected cash flow: $1,795
Expected cash on cash return: 12.1%
365 Lake Street, Auburn, ME 04210
**Pending
Built and designed by architect Richard S. Merril in 1956 this uniquely designed Usonian style ranch home with many custom features and period lighting inside and out is tucked into 2.43 well landscaped acres. The spacious living room contains a brick hearth which extends into the fully applianced oak kitchen. Formal dining with view of and entry onto rear deck. Beautiful wood ceilings throughout. Primary bath boasts custom prairie style tile and spa-like tub/shower enclosure. Private office with separate entrance. Buderus boiler provides all hot water as well as radiant floor heating which is efficient as well as warm. 4''x6'' roof framing with tapered insulation and recently replaced membrane roofing. Screened-in, detached Pavilion with power, for enjoying warm summer nights. There is a one-car attached garage and a two-car detached gambrel style garage with workshop and storage above. Following the path that starts just off the deck, go through the Rhododendrons and meander up the hill in back of the house where you will find a moss covered stone outcropping which gives way near the top to some stone steps that take you to a bench that overlooks the house and the neighborhood. Undeveloped acreage behind, and close proximity to Lost Valley Ski Area, Malls and Shopping, Turnpike, Lake Auburn and Taylor Pond.OPEN HOUSE Saturday, April 9 from 10 am through 2 pm.
$325,000
3 Bedrooms, 2 Bathrooms
Average Daily Rate: $238
Expected occupancy rate: 66%
Monthly expected income: $4,628
Monthly expected expenses: $2,954
Monthly expected cash flow: $1,674
Expected cash on cash return: 22.5%