Frisco Short Term Rental $425k
8467 Willow Creek Dr, Frisco
ROI
26.10% IRR
Strategy
Short Term Rental
4-bedroom home with in-ground pool. Close to the PGA headquarters and the new Universal Studios Park. The asking price has been reduced by $100k in the last 30 days. I think there’s opportunity to get into an underpriced asset here that will cashflow as a STR and break even as a long-term rental for limited downside. Short Term Rental occupancy is 55% for the area and ADR ranges from $275 - $375 per night for a 4-bedroom home with pool. NOTE: this is not currently operated as an Airbnb. An investor would need to furnish the spaces if interested in operating it as a STR. Taxes $5619.
