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Str permit required. This property is being rented fully furnished. Add your smart locks, and start operating!
$80,500 - Projected Annual Revenue
$6,708 - Projected Monthly Revenue
$340 - Average Daily Rate
68% Occupancy Rate
Monthly Rent: $3,980
Co-Living
$5,225 Projected Monthly Revenue
$62,700 Projected Annual Revenue
$1,475 - Primary Room
$1,250- Secondary Rooms
Charleston, South Carolina is a prime market for rental arbitrage due to its booming tourism industry, which includes major events like the Spoleto Festival, and a steady influx of visitors year-round. This high demand for short-term accommodations allows an arbitrageur to lease a property at a standard long-term rate and re-rent it on platforms like Airbnb for a significantly higher nightly rate, creating a profitable margin. People are increasingly looking for homes in Charleston not just for its historic charm and coastal lifestyle, but also for its growing job market in the tech and healthcare sectors. This combination of a robust tourism economy and strong residential demand creates the perfect environment for a successful rental arbitrage venture.
Deal Source: YP Acquisition Team
Important info:
- Earnings are projections and based on market fluctuations.
- Investors are encouraged to research the market averages using the zip code provided before closing on the deal, signing any leases, or finalizing any property closing.
- Third party listings can always go through our quality vetting process, which always includes a walk through of the property and deep market research.
- Our team encourages you to request a tour of any property before moving forward with any deals marked Third party on our platform. Deals found by the YP acquisition team are always vetted following our best practices to insure quality.
- We encourage investors to work closely with one of our Consultants to ensure you’re picking the right deal for you.
- Please ensure you have an active and in good standing business license, or be in the process of acquiring one before deciding to purchase.