Converting 4,000 square foot home in Independence Mo to a Vacation Rental By Owner (VRBO) can also be referred to as Airbnb.
According to a recent blog in AirDNA Kansas City is a "great value play" for this type of investment. The home is 7 minutes from the Royals and Chiefs stadium and less than 25 minutes away from most area attractions. Including, KC Power and Light District, Sprint Center, KC Plaza shopping district, Jazz District, worlds of fun, Independence Events Center and Mall.
The home can sleep up to 16 comfortably spread out over 3 floors. Already has 4 bathrooms, wet bar and finished basement! Wait there is more, it has backyard access to a school playground and a 1/4 mile walking track sure to keep the guest feeling at home.
$35,000 initial investment is needed to modernize and furnish the home.
Estimated monthly rental potential is $8,102 and expenses will vary based on usage.