7 best Airbnb investment opportunities | November 24, 2022
Four above 15% cash on cash return in today's Premium newsletter
Discover a southwest gem tucked into the hillside on over an acre in the heart of downtown Cave Creek. Enjoy stunning sunsets, boulder outcroppings, city lights and panoramic mountain views from this 3100 sqft tastefully designed territorial home. Floor to ceiling fireplace in great room/ kitchen which boasts of large granite island and high-end appliances including Dacor gas cooktop. Beautiful beamed ceilings throughout this true 5-bedroom plan w/ one bedroom that can function as a guest casita, along with 3 full baths. Three plus car garage with nice sized air conditioned workshop. Southwest resort style backyard offers a picturesque space to unwind with kiva fireplace, jacuzzi, pool with waterfall and outdoor kitchen. Lovely views from expanded covered patio which serves as a wonderful outdoor living space. This private, elevated lot is within walking distance to restaurants, bars, shops and library. Several hiking trails just steps away. Perfect investment opportunity for vacation rental where guests can walk to town in less than 10 minutes. Move-in ready and immaculate.
$1,299,000
5 Bedrooms, 3 Bathrooms
Average Daily Rate: 555
Expected occupancy rate: 63%
Monthly expected income: $10,635
Monthly expected expenses: $8,552
Monthly expected cash flow: $2,083
Expected cash on cash return: 7.4%
Well maintained home in great location in mature east side neighborhood, New exterior paint 2022, HVAC 2016. Features steel roof, Wet bar, plenty of space to entertain, sub zero fridge/freezer, viking gas cooktop, custom cabinets in kitchen with plenty of storage, island with baking center and spice cabinet built in. Walkout basement, large deck, secluded back yard mostly fenced in, attached outside shed/shop room, new electric oven left for buyers. Close to Holiday Park.
$198,500
3 Bedrooms, 2 Bathrooms
Average Daily Rate: $178
Expected occupancy rate: 70%
Monthly expected income: $3,790
Monthly expected expenses: $2,720
Monthly expected cash flow: $1,070
Expected cash on cash return: 20.5%
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