This mountain cabin boasts 2 bedrooms on the main floor as well as a full loft bedroom with attached bath. It also features wide plank wood floors, a vaulted ceiling in the great room with a stacked stone fireplace. With a large kitchen, multiple decks to enjoy the outdoors and easy access from downtown Boone, it's ideal for continued use as a full time rental property, or convert it at the end of the existing lease to a vacation home and/or part-time rental investment property. This home did well in the past as a vacation rental, but has been used most recently as a full time student rental at a rate of $1300/month. Next year's rate will be $1400-$1500/month per the seller. A 30 year mortgage at 75% LTV would run less than $800/month allowing immediate positive cash flow. This home is also available in a package listing with 3 other rental homes in the same development - MLS#185719. Home is leased through July 2015.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
