Meet Billy

Billy found HomeRoom in 2022 and hasn’t looked back. He has 12 rooms listed with HomeRoom.

Billy relocated to Georgia, USA, where he primarily works in technology. On the side, he loves real estate investing. He started investing in short-term rentals (STRs) in 2016.

However, he had never invested in rental properties outside his local market before, but he thought HomeRoom's approach was unique enough to take the plunge.

So how the purchase process work?

The purchasing process lasted two weeks.

Homeroom offers a turnkey solution for investors, all renovations were done by Homeroom’s construction team.‍

The renovation process took 4 weeks and turned this 3-bedroom property into a 6-bedroom home.

Here is a list of modifications that were made by the Homeroom team.👉👉👉

Let's get to the numbers!

Actual CoC : 6.5%

Actual Y1 Cap Rate : 9.65%

Actualized IRR : 17.8% 

 

Metro: Dallas
Year built: 1968
Number of bedrooms: 3
Baths: 2
Parking: 6
Occupancy rate in the area: 83%
Purchase date: May 2022
Number of bedrooms: 6
Predicted ROI: 30%
Predicted CoC: 6%

Let's check out the actual monthly payouts:

 

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