107 Wilson Drive,
Rutherfordton, NC 28139
Start or build your short term, mid term, long term (or a combination of all 3) rental portfolio by 9 single family homes instantly. One seller, one transaction, one chance to diversify your rental game.
All 9 properties are located in Rutherford County North Carolina within a 10 mile radius of each other. 5 are located in Forest City, 2 in Rutherfordton, and the remaining 2 in-between in Spindale. Scroll through the images to get an idea of how these cities are performing in the AirBNB and VRBO markets.
Right now all 9 properties are rented long term grossing $5,850 in rents monthly. These rents are low for the market and can easily be increased. The current owner has elected not to raise rents over the years but an increase is definitely overdue.
Given the viability of short term and mid term rentals in this market the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) Method of investing may be the perfect fit for the majority of these properties. At this pricing you'd meet the 70% rule comfortably.
Fix and Flip may also be a fantastic option for several of these homes. Either way all 9 homes represent a sound investment. If you'd like to dive into the numbers I'll have my investing calculator ready.