Full time Section 8 renters leased until January 2022. This year's income was $34,000. But has potential of earning gross $102k.
With a ban on all NEW Anaheim short-term rentals, the only way to get into the Anaheim Short-Term Rental business is to purchase a property like this with a current STR license. The CAP Rate for this self managed STR, based on 2019 ACTUAL numbers, is 5-7%
There are only 177 short-term rental licenses active in Anaheim and they are not issuing any more. Now that Disneyland, Conventions are starting up again?heaps of potential.