383% Cash on Cash Return – Sedona, Arizona

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Project details:

We purchased a single family home in Sedona, Arizona in April of 2021 for $549,000.

We put $54,000 down and financed $495,000.

We spent about $23,000 on minor improvements such as paint, repairs, new doors and furnishings.

We rented is as a short term rental and then converted it to a long term rental.

We received an off market offer for $850,000 and we closed in April of 2022. Our closing costs were about $16,000.

Our cost basis was about $589,000.

Not including the rental income and profit, we made a profit of about $261,000.

Project info:

  • Single Family
  • Sedona, Arizona
  • $549,000
  • $23,000
  • $850,000
  • 383%
  • $261,000