Dayton Court
Purchased: September 2020
Price: $393,000K
Terms: Fannie Mae 30-year, 2.8%
Exit: Sell into the next run-up
Overview: The property is brand new on the inside and out. We average over $120 per night, and have achieved 88% occupancy as a medium-term furnished rental. We rent this often to families between moves (1-3 month stays are typical). Reviews are strong. Our property manager lives within 10 mins, to respond to any calls.
Exit Plan: Comps have started to eclipse 775K for this area north of Hampden, and we will wait until rates drop to sell this home and exchange for a new project.
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