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Active AirBnB Duplex Bringing in $65k in the Last Year

1717 22nd St, Galveston
ROI
23.54% IRR
Strategy
Short Term Rental
Active AirBnB duplex bringing in $65k in the last year. One 2 bed unit and one 3 bed unit, just 3 blocks from the beach. Recent updates and turnkey STR operation. 2,440 sq ft duplex built in 1975 with an upstairs 3 bed, 1 bath unit plus a downstairs 2 bed, 1 bath. Currently listed on AirBnB, with $65k in gross revenue over the last 12 months, $50k net income.

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Active AirBnB Duplex Bringing in $65k in the Last Year

Listed 09/06/2023

1717 22nd St, Galveston

Purchase Price:$498,000

Cash Outlay:$134,460

Cashflow:$1,266/mo

Cap Rate:9.16%

IRR:23.54%

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