🔥 (13) Turnkey STR Homes for Sale | 6-5-24

Dear STR Scout Members,

We're thrilled to announce that STR Scout will now be delivered twice a week!

Look forward to receiving fresh, free STR deal flow and trending news nuggets every Wednesday and Saturday to stay informed and ahead of the game.

🔥 In this email:

• 13 new turnkey STR homes for sale in 7 markets. 🏡

• IMN Short Term Rental Forum in Austin, a must attend. 📣

• Trending real estate, economy, and travel news. 📰

Andy Thoms - STR Scout

📰 STR CLASSIFIEDS | OFF-MARKET PROPERTIES

🏡 $1.58M | Gatlinburg, TN: Price cut $20K! Luxurious 5BR/5.5BA, 4533 sqft log cabin on 1.84 acres. Built 2008, features stunning views of Greenbrier Pinnacle and Smoky Mountains, expansive decks and balconies, and a pool table. Close to downtown Gatlinburg and the Great Smoky Mountains National Park. Perfect. View Post.

🌴 $4.4M | Siesta Key, FL: Two furnished properties for sale across from each other. Walking distance to #1 beach (0.3 miles) and Siesta Key Village (0.9 miles). View Post.

🌲 $949K | Sevierville, TN: Top 5% globally on Airbnb! Gorgeous rental cabin in gated Wears Valley community with stunning views, theater room, and more! $120K rental income in 2023, amazing reviews. View Post.

🌴 $485K | Port Richey, FL: High-revenue Airbnb generating $75K/year. Fully furnished, includes all belongings and a cleaner. Great investment opportunity with proven income. View Post.

🎭 $285K | Branson, MO: Off-market 3BR/3BA walk-in level condo. Central location near attractions. Revenue: $42.7K in 2023, $46.2K in 2022. $240/mo HOA fee. New HVAC in 2019. Self-managed. Great investment opportunity. View Post.

⛳ $315K each | Bartlett, NH: Two side-by-side 2BR/1BA golf course condos in White Mountains. Turnkey ready with new ACs, patios, furniture, and appliances. Successful year-round rentals since 2018 and 2022. Seasonal pool, 9-hole golf course, playground, and country club on-site. Near Ellis River, Storyland, and Living Shores Aquarium. Average $30-35K/year per unit. Low taxes and maintenance. View Post.

🌲 $585K | Tafton, PA: STR near Lake Wallenpaupack, 1 mile away. 3BR/2.5BA, game room, hot tub, EV charger, sleeps 10. 2023 gross rental income: $54.9K from Airbnb, $8K from direct bookings. Great investment opportunity in the Poconos. View Post.

🏞️ $260K OBO | Gorham, NH: "Bella's Retreat on the Androscoggin" 3BR/2BA home. Generates $35K/year on Airbnb; potential $45K+. Fully furnished, includes modern appliances and amenities. Ideal for outdoor activities. Mortgage/liens-free. Few bookings transferable; prefer closing by October. View Post.

🏡 $748,500 | Orange Beach, AL: 3BR/4BA, 1507 sqft coastal cottage built in 2022. Features en suite bathrooms, upgraded finishes, EVP flooring, Carrara countertops, outdoor shower, Tesla charger, and furnished. Ocean across the street, natural vegetation, and beautiful views. Short-term rental allowed. Low $200 HOA. View Post.

💸 Qualify Your Airbnb Purchase or Refi with Property's Income!

Request a STR loan quote in 60 seconds to find out how much you qualify for today.

• No credit pull, no DTI, W2, or tax return required. $500 processing fee waived for STR Homes For Sale members.

• Host Financial specializes in STR financing, using data provider projections or existing income history.

• Get the best rates and terms, switching capital partners if needed. Lending in 48 states.

Example: 75% LTV purchase loan for STR in Sevierville, TN at 7.625%.

Request a Quote

🏠 STR CLASSIFIEDS | ACTIVE LISTINGS

🏇 $599.9K | Bagatelle, Polo Club: 2BR/2BA, 1400 sqft ground-level corner unit. Multi-unit, fully furnished with a 1BR/1BA and studio. Features tile floors, high-grade appliances, washer/dryer, updated baths, oversized screened patio. Great investment with high seasonal rent. A must-see! View Post.

🏖️ $2.05M | Inlet Beach, FL: 4BR/4.5BA, 2318 sqft home in gated Treetop Village. Built in 2023, luxury features include shiplap walls, coastal chandeliers, marble vanities, and glass showers. Bathrooms in every room, king beds, bunk beds, ample parking, and privacy with wetlands behind. Deeded beach access with tram service. Perfect for families or rentals. View Post.

🌟 $1.99M | Canyon Lake, TX: Amazing turnkey 4-plex! Each unit: 3BR/2BA, hot tub, in-unit laundry. Minutes from Canyon Lake and Guadalupe River. 20 mins to New Braunfels/Gruene, 18 mins to Wimberley, 35 mins to San Antonio. Prime location, incredible investment! View Post.

Join us for a fantastic event designed for STR real estate investors to network, learn, and grow. STR Scout subscribers and STR Homes for Sale members can enjoy a 10% discount using the coupon code SCOUT.

Don't miss this opportunity to enhance your STR investment strategies and connect with industry peers! Register

TRENDING NEWS NUGGETS

🏠 Airbnb's Edge: Airbnb CFO Ellie Mertz highlights the company's reliance on individual hosts, who generally receive higher ratings than professional hosts. This focus differentiates Airbnb from Vrbo and Booking.com which mainly feature professionally managed listings. Airbnb believes its diverse range of listings and unique host experiences provide a competitive advantage in the short-term rental market. — Skift

📉 Job Openings Hit 3-Year Low: The US job market continues to cool, with job openings falling to 8.06 million in April, the lowest since February 2021. Layoffs remain low, but the decline in openings signals slower hiring ahead. This trend is closely watched by the Federal Reserve as it monitors labor market conditions and inflation. — CNN

🔪 Home Price Cuts Surge: With mortgage rates remaining high, 6.4% of home listings have seen price reductions, the highest in 18 months, according to Redfin. Despite this, the median sale price hit a record $390,613, up 4.3% year-over-year. Experts predict a potential softening in sale-price growth as the market adjusts. — Benzinga

🏠 Florida Housing Market at 'Very High' Risk: CoreLogic's latest Market Risk Indicator (MRI) places Palm Bay and Deltona among U.S. metro areas with over a 70% probability of housing price drops in the next 12 months. Despite state-level price increases, concerns rise due to chronic low inventory and overvalued home prices, particularly in South Florida, where an FAU study reports a 35% overvaluation. — Newsweek

💰 $517 Billion in Unrealized Losses Hit US Banks: FDIC reports a rise in unrealized losses to $517 billion due to residential real estate exposure. 63 lenders are now on the brink of insolvency, reflecting financial weaknesses. Persistent inflation and volatile market rates continue to pressure the banking industry. Need to pay attention to signs. — Daily Hodl

🏡 Homebuyers Revolt Over Prices: Rising mortgage rates above 7% and high home prices are dampening buyer enthusiasm across the US, with sellers cutting asking prices as inventory grows. Sun Belt markets like Florida and Texas cool while areas like San Jose begin to recover. The median sale price reached a record $390,613 in May, despite falling sales and increased listings. — Bloomberg

📉 Fed's Rate Cut Paradox: Jerome Powell’s signal of potential rate cuts led to easier financial conditions, making it harder for the Fed to lower rates despite inflation concerns, says economist Torsten Sløk. The S&P 500 gained $9 trillion in market cap, and the economy remains strong due to fiscal stimulus, complicating the Fed's efforts. — Fortune

🏖️ Maui Allocates $300K to Study Vacation Rental Impact: Maui Council is funding a $300,000 study to evaluate the effects of eliminating 7,000 short-term rentals, aiming to convert them into long-term housing. The proposal, driven by the need for more permanent homes after the Lahaina wildfire, has raised concerns about economic fallout, job losses, and the feasibility of converting tourist-focused properties. Results of the study will inform final decisions expected in January. — Associated Press

🧰 STR TOOL & RESOURCES

💰 STR Loan Quote: Use this link to get your STR loan pre-approval letter, get a DSCR loan, STR cash-out refi, or rehab loan.

🏘 STR Property Management, get a free STR income report, from pure data that comes from “actual STR rental comps” near you! Discover full service management with Vacasa, the nations largest manager.

⛑ STR Insurance Quote in seconds from Steadily to see how much you can save.