8 best Airbnb investment opportunities | May 9, 2022
Four NY properties with a 21% cash-on-cash return or higher! Today's list includes: NY, NC, & CA.
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328 Boicemill Rd, Kerhonkson, NY 12446
This light-filled raised ranch is a must see! Set on a private corner parcel with mature flowering trees and shrubs; the sprawling lawn has endless possibilities for a pool, gardens, patio etc. Recent improvements include a new roof, gutters, refurbished oak floors and new exterior paint. This home brings excellent value whether you are looking for a primary residence or air b and b opportunity. The single bedroom apartment has exterior access and is ready to be rented, or renovated to rejoin the main finished walk out basement. It's conveniently located near the towns of New Paltz, Stone Ridge & Kingston and is less than 2 hours from NYC. Nearby landmarks include Mohonk Mountain House & Minnewaska State Park.
$399,000
4 Bedrooms, 3 Baths
Average Daily Rate: $568
Expected occupancy rate: 52%
Monthly expected income: $8,708
Monthly expected expenses: $5,565
Monthly expected cash flow: $3,143
Expected cash on cash return: 35.01%
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