Excellent "in town" Columbia, SC Investment. Location is ideal for (renters / guests) working at 3 local hospitals (within 2 miles), University of South Carolina (within 3 miles) as well as downtown Columbia. Locations are 3 ½ miles to Fort Jackson Front Gate #5.
The four rental units are currently leased as Furnished Short Term Rentals on Airbnb / Furnished Finder Platforms.
Gross Annual Rents at 17% vacancy between reservation bookings equals $76,000.00.
Expenses for power, water, Spectrum Internet/TV, Taxes & Insurance equal $19,000 annually.
Current booking preferences are for "30 night minimums". Decreasing that requirement would likely lead to less vacancy and more potential guest stay per / night.
Considering different investment strategies?
1) Both houses as well as duplex could be easily converted to traditional unfurnished 12 month rental terms in which renter pays utilities.
2) This portfolio is for sale as an "all together sale", but if new owner wants to consider selling houses to future owner-occupied buyer, very easily achievable.