219 Mitchell Trail Rd | QC Property Buyers

219 Mitchell Trail Rd Statesville NC, 28625

Asking Price: $40,000.00

Specs

2 Bedrooms

1 Bathrooms

572 sq ft

0.28 acres

Short term rental ROI below

Located across the strip of the famous "Love Valley" township and tourist destination in statesville NC. Right on the foothills of the mountain this location and lot offers a perfect opportunity to either renovate the existing tiny home or put down a new modular/ rental experience abode.

ADR: $150/night (average for love valley/general area)

Occupancy: 55% (≈ 200 nights/yr)

Annual revenue: $150 × 200 = $30,000

Expenses (cleaning, utilities, management): ≈ 20–30% (varies)

Net Operating Income (NOI) ≈ $19,000–$24,000

Potential to be all in for +/- 100k and have a cap rate north of 15%