A short-term rental experiment…

Written By Rachel

This Bastrop bungalow has been one of my favorite projects. I decided to attempt a jump on the short term bandwagon with this house, with low expectations for how it that strategy might work in the Bastrop market. Fortunately, it has performed far beyond my projections and was such a fun project and a moderate flip.

Hosting STRs has been much simpler than I anticipated (after a few learning curves… check your propane tank! ), and I am thankful for a fantastic cleaning and repair crew who helped the house reach SuperHost and 5 status within a few months!

Renovations included popcorn ceiling removal, new flooring, paint, HVAC, appliances, fixtures, landscaping, and fencing. Full furnishing of a 4/2 was also quite an endeavor… but a fun one!

Project summary:

  • Renovation time frame: November 2021 - January 2022

  • Purchase price: $287,000

  • Total renovation cost: $31,000

  • Furnishing cost: $4,000

  • Current Est. Market Value: $400,000

  • Est. Monthly Gross Revenue: $3,000

  • Year One Est. Cash on Cash Return: 11%

  • Year One Est. Net Equity Return: 55%

Rachel https://jme-properties.com
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