Lockport NY Vacation Rental 2 bed/1 bath Home Turnkey Managed Remotely 22% net

Unsold $69,900.00 Buy It Now, eBay Money Back Guarantee

Seller: luckywizard1 (205) 100%, Location: Lockport, New York, Ships to: Free Local Pickup, Item: 274092755404 Hello folks, If you have any questions about this listing, please call Leo 716-990-5371 (6 am-8 pm EST). Up for sale is 100% turnkey vacation rental business, so you get the 2 bed/1 bath single family home (859 sq. ft., lot is 3,955 sq. ft, built 1870) in EXCELLENT vacation rental location at 16 High Street, Lockport, NY, including all the furniture, supplies, and cleaner that cleans and stocks the entire house for $35/cleaning, plus of course all the pictures, content, and reviews from the vacation rental website. All income is produced from this one listing, so very simple to manage: https://www.airbnb.com/rooms/31193732 (check out the reviews, people LOVE THE house and location!) I live in Florida, so this entire listing and business is being managed 100% remotely, and almost 100% passively. Personal assistant from the Philippines does most of online work for $5/hour, cleaner cleans after each guest and stocks the house with necessary supplies) Lockport, NY is a historic tourist town in Buffalo, NY area (22 miles from downtown Buffalo, and 20 miles from Niagara Falls, NY and Canadian border). In the last 10 years, Buffalo and vicinity has experienced some of the highest home appreciation rates of any community in the nation with 48.91% over the last ten years, so 4.06% annually, putting it in the top 10% nationally for real estate appreciation (do internet search on it) The only reason I am selling this property is because I have $75,000+ of interest deferred credit card debt maturing in January of 2020. My loss is your gain. I will not owner finance this property, I need payment in full either in cash or a lender of your choice. For mutual safety, we will close the property via licensed New York real estate attorneys. I started vacation renting this property via the listing above from January 12th, 2019. The following are income and expenses from Jan. 12th to Nov. 8th, 2019: Income: $18,829.70 (this is the amount deposited into my bank account, so already after 3% booking fees and refunds/cancellations) Total Expenses: -$8,319.08 Expenses Breakdown: Cleaning costs: $35x92 cleanings=-$3,220 Internet/cable TV: $97.18x10=-$971.80 Gas/Electricity/Water/Trash: -$1,859.87 Grass cutting/Snow/Ice removal: -$630 Supplies: -$582Property Taxes: -$1,055.41 I don't buy insurance, because $1 million of insurance is included with each booking from the vacation rental website. Net Income minus expenses for 10 months: $10,510.62 ($1,051.06/month) ($1,051.06x12/$70,000x100=18.02% net rental yield, plus 4.06% historical appreciation=22.08%/year net) Long term rent on this house is $800/month. You can buy it unfurnished for $63,900 and rent it long term if you wish. This is breakdown of vacation rental income by reservation: Start Date Nights Amount 11/8/2019 3 167.91 11/6/2019 1 64.02 11/3/2019 2 84.39 11/1/2019 2 88.46 10/28/2019 1 64.02 10/26/2019 2 167.91 10/24/2019 2 88.46 10/22/2019 2 84.39 10/20/2019 1 82.35 10/18/2019 2 143.46 10/15/2019 3 150.59 10/13/2019 2 94.57 10/11/2019 2 192.35 10/6/2019 5 208.65 10/3/2019 3 229.02 9/30/2019 3 128.19 9/22/2019 8 35.53 9/18/2019 4 -548.29 9/22/2019 8 287.48 9/18/2019 4 719.98 9/16/2019 2 139.39 9/13/2019 2 231.83 9/9/2019 3 141.43 9/6/2019 3 248.37 9/4/2019 2 114.95 8/31/2019 2 246.33 8/30/2019 1 107.82 8/28/2019 2 146.52 8/25/2019 3 197.44 8/24/2019 1 134.3 8/21/2019 3 217.81 8/17/2019 3 293.18 8/15/2019 2 174.02 8/13/2019 2 145.5 8/11/2019 2 145.5 8/9/2019 2 360.4 8/8/2019 1 82.35 8/5/2019 3 223.92 8/3/2019 2 247.35 7/28/2019 6 561.05 7/27/2019 1 193.37 -87 7/20/2019 7 734.5 7/19/2019 1 123.09 7/17/2019 2 219.85 7/16/2019 1 98.65 7/15/2019 1 87.45 7/14/2019 1 81.33 7/13/2019 1 149.57 7/11/2019 2 196.42 7/10/2019 1 77.26 7/8/2019 2 218.73 -173 7/6/2019 2 176.06 7/4/2019 2 173 7/3/2019 1 81.33 7/2/2019 4 252.2 6/30/2019 2 157.72 6/28/2019 2 243.28 -45 6/22/2019 6 543.2 6/21/2019 1 113.93 6/18/2019 3 203.55 6/16/2019 2 135.32 6/12/2019 4 310.4 6/10/2019 2 138.71 6/8/2019 2 176.54 6/6/2019 2 201.76 6/4/2019 2 128.04 6/1/2019 3 237.65 5/31/2019 1 96.61 5/29/2019 2 156.17 5/28/2019 1 79.54 -239.4 5/25/2019 3 278.39 5/17/2019 8 574.43 5/15/2019 2 153.26 5/11/2019 2 163.93 5/9/2019 2 165.87 5/2/2019 7 361.57 4/29/2019 3 131.92 4/26/2019 2 194.97 4/22/2019 4 86.81 4/22/2019 4 162.96 4/16/2019 6 409.34 4/13/2019 3 245.41 4/12/2019 1 89.24 4/9/2019 3 140.65 3/29/2019 10 597.47 2/28/2019 28 280.63 2/28/2019 28 1017.04 2/22/2019 2 132.89 2/19/2019 3 251.23 2/16/2019 3 236.68 -160 2/15/2019 1 103.79 1/19/2019 27 1037.9 1/18/2019 1 69.26 1/13/2019 4 111.16 1/12/2019 1 59.17 If you have any questions about this listing, please call Leo 716-990-5371 (6 am-8 pm EST). Property Address: 16 High St., Number of Bedrooms: 2, State/Province: New York, Seller State of Residence: Florida, Number of Bathrooms: 1, Zip/Postal Code: 14094, Property Type: House, City: Lockport, Square Footage: 859, Setting: Urban, City, Sale Type: Existing Homes, Lot size: 3955 sq. ft, For Sale by: Owner, Year Built: 1870

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