07/14/2022
Monthly update for Angels Crest!!
Angels Crest is a 2 bedroom 2 bathroom cabin in the Smoky Mountains. The property sleeps 8 and has some amazing views and an awesome game room having a pool table, foosball table, and a basketball shooting thing.
I purchase this property in March of 2021 for $483k on a 10% down vacation home loan. I manage this property myself and have great team boots on the ground in the Smokies for both cleaners and handymen.
Mortgage, HOA, and Internet expenses are fixed amounts. The maintenance will shoot up in my July report as I just replaced the hot tub and costs me $6,500 for the hot tub alone plus installation fees!
Overall, very solid numbers for the beginning of SUMMER, and will take that cash flow!!!
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