Let me show you the potential on your next great real estate opportunity.

26 Aug 2026 · 2 min

Watch on YouTube

1:55

In this video Steve D. Valentine showcases a 1,600‑square‑foot single‑family home on a corner lot that has no homeowners association and includes RV parking, giving the owner a blank‑slate backyard. He explains how the lot can accommodate an 800‑sq ft, 2‑bedroom/2‑bath accessory dwelling unit (ADU) or even a tiny‑home for an additional $1,500‑$1,600 monthly rent. Inside, the existing layout can be re‑configured—adding two bathrooms and converting the garage—to create a 6‑bedroom, 4‑bath residence that could generate $3,500‑$5,000 per month depending on the operator. Valentine estimates total acquisition and renovation costs under $500,000 (including a $360,000 purchase price) and outlines financing assumptions: 20 % down, a 6‑7 % non‑owner‑occupied loan, with cash‑flow positive results that improve as interest rates fall, allowing for potential refinancing. The overall message is that the property offers strong ROI through flexible co‑living, sober‑living, or rental configurations.

Chapters

This house, because it has no HOA and it has RV parking, it has a blank slate for a backyard. It works perfect in the co-living, group home, sober living spaces. Anywhere where there's co-occupants because of the space. So, here we got space. The house is 1,600 square feet which means that you could put an 800-square-foot 2-bedroom, 2-bath ADU. Great part is the corner lot. So, you have access to the backyard which we can show you. Where you could have another $1,500 to $1,600 rental in the backyard. And again, depending, there's tiny homes, there's all kinds of options for less than $100 grand to put out there. Then you come in here, you have multiple living spaces. So, in the summer living spaces, they need bigger rooms for things. So, you could convert this into a couple of rooms, the old garage, easily. And then you have 3 bedrooms back here. You You can do an ADU out back and you have a decent kitchen. So, still needs to be renovated and brought up to date. But when you're doing this in this type of space, again, because you have this big space and this big laundry room, you could easily add 2 more bathrooms to this house and have a 6-bedroom, 4-bathroom house that would probably bring somewhere in the $3,500 to $5,000 a month depending on the operator. And this is a great house. So, think about it. If you did an ADU, you paid $360,000 for it. You did the renovation. You'd be into this all in under $500,000 for about a $4,000 to $5,000 a month rent depending on who your tenant is. Great return on investment in this particular single-family because even if you're putting 20% down and having to do a loan at 6 or 7% non-owner occupied, this would still cash flow and it would even cash flow more as rates come down. You can refinance.