BRRRR South Park, San Diego STR + MTR

  • Buy

    $1M w/ 10% down

  • Rehab

    $200K

  • Rent

    Avg. $12,500 / month

  • Cash-on-Cash return

    18%

  • Refinance

    $330,000

  • Tax savings

    $200K paper losses in year 1 via bonus depreciation

  • Repeat

    Use HELOC from refi to initiate Birmingham portfolio

  • Note

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Alpen Capital LLC is a data-driven real estate investment firm specializing in short-term rentals, multifamily revitalization, and ADU development. We help investors grow wealth passively through well-researched, community-focused real estate opportunities.