🔥 30 STR Homes for Sale: Plus 9-Property STR Portfolio w/$925k Revenue!

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Get a personalized STR loan quote from STR loan experts.

Hello STR Scout Members,

In this weeks issue:

🔥 STR Classifieds: Uncover rare STR opportunities—including a high-performing 9-home portfolio generating $925K annually, on the market for the first time!

💰 STR Loans: Here is what the futures market is telling us about DSCR loans for short-term rentals.

📰 Quick Snapshot: We bring you the latest short-term rental, housing, and economic headline news trends to stay informed.

Have a great weekend!

Andy Thoms
STR Scout

😎 Real estate investing risk is never truly eliminated; it's merely shifted from one area to another. The key is to understand where it's moving and how to position yourself to navigate it wisely. - Happy Scouting!

TOGETHER WITH HOST FINANCIAL

Stability in Futures Contracts Benchmarking Short-Term Rental DSCR Mortgage Rates

DSCR (Debt Service Coverage Ratio) loan rates closely follow the trends of 5-year Treasury bonds, reflecting their structure and risk profile.

With the 5-year Treasury futures stabilizing, now is an excellent time to get a quote if you're considering refinancing or purchasing a new property.

Whether you're planning to buy a short-term rental or leverage the equity in your existing property to get cash-out, Host Financial’s expert STR mortgage advisors are here to help!

Get qualified based on your STR property’s income—no tax returns, W2s, DTI, or personal income checks required. Get in touch with our team today!

$188K | Morgan City, LA: 3BD, 2BA 900 sqft houseboat STR with hot tub and kayaks. $35K projected revenue for 2024. No STR restrictions. Minimal competition. Fully furnished and insured. View Post

$285K | Omaha, AR: 4BD, 3BA fully remodeled home with lake views. Prime location near Cricket Creek Marina and Branson attractions. Ideal for STR or vacation home. Furnishings negotiable. View Post

$330K | New Orleans, LA: 1BD, 1BA 839 sqft condo at The Saxony in Bywater. Spacious living areas with terrace or balcony. Amenities include pool, gym, and secure parking. Minutes from Frenchman Street. View Post

$375K | Kissimmee, FL: 4BD, 3BA STR with 2 master suites in gated community. Near Disney. Fully furnished and cashflow positive. $55-60K annual gross income. View Post

$390K | Key Largo, FL: STR with 1-night rentals allowed. Grossed $60K. Low HOA of $234 includes water and cable. Popular camping experience. Owner financing available. View Post

$429K | Blue Ridge, GA: 2BD, 2BA cabin with $64.8K revenue in 2023. STR-friendly community with neighboring STRs. Fully turnkey with existing cleaner/team in place. View Post

$450K | Belding, MI: Lakefront STR on Big Pine Island. 22+ 5-star reviews. Fully booked all summer. Ideal investment opportunity. View Post

$490K | Crosslake, MN: 3BD, 2BA lakeside cabin on private peninsula with stunning views of Fawn Lake. Successful STR with 4.9-star rating. Fully furnished. Turn-key investment. View Post

$510K | North Padre Island, TX: 3BD, 3BA turnkey townhome in Aruba Bay Resort. Amenities include heated pools, pickleball court, gym, and game room. Fully furnished. View Post

$525K | Lake Harmony, PA: 4BD, 2BA updated home in Gold Star community. Short walk to private beach. Successful STR with 4.93 star rating. Fully furnished. View Post

$540K | Sevierville, TN: 3BD, 3BA townhome minutes from Smoky Mountains and Dollywood. Built in 2020 with $77K GRI in last 12 months. Great STR investment. View Post

$540K | Tobyhanna, PA: 4BD, 2BA lakefront home with private beach and deck. Successful STR in gated community with amenities. Great rental potential. View Post

$549K | Sevierville, TN: 3BD, 2.5BA renovated ranch on 2.24 acres. Open floor plan, modern farmhouse style, new plumbing, and wiring. Unrestricted property with Airbnb potential. View Post

$550K | Sevierville, TN: 3BD, 2BA new construction cabin in Lake Haven Resort. 1407 sqft with access to boat dock, sand beach, and hiking trails. Near Pigeon Forge and Smoky Mountains. View Post

$595K | Tobyhanna, PA: 4BD, 3BA lakefront home with hot tub and sauna. Successful STR with private lake platform. Located in gated community with pool and beach access. View Post

$599K | Lake Harmony, PA: 4BD, 2BA Split Rock Resort A-Frame chalet with massive family room and 900 sqft deck. Near ski resorts and lakefront dining. Airbnb potential. View Post

$650K | Indio, CA: 3BD, 2BA Airbnb in Indian Palms Country Club. Grossed ~$75K in last 12 months. Walkable to Coachella and Stagecoach festivals. No STR restrictions. Fully furnished. View Post

$675K | Asheville, NC: 4BD, 3BA remodeled home near Biltmore Village. Successful homestay STR with separate entrance. Walkable to restaurants and breweries. Ideal for house hacking. View Post

$785K | Joshua Tree, CA: 6BD turnkey STR with pool. Potential for $140K+ annual revenue. Quick sale needed—selling in next 30 days. Can be furnished. View Post

$899K | Dripping Springs, TX: 4BD, 3BA main house with game room and detached guest apartment. Plunge pool and fire pit. $110.7K revenue (July 2023 - June 2024). Fully furnished. View Post

$899K | Broken Bow, OK: 2BD, 2.5BA cabin with great views. Grossed $116K in 2023. Adjacent 1.2-acre lot available for building. View Post

$1.099M | Beech Mountain, NC: 3BD, 4BA mountain retreat with 3200 sqft main home and 1099 sqft apartment. Overlooks golf course. Grossing $120K/yr. Sleeps up to 20. Fully furnished. View Post

$1.2M | Sevierville, TN: 3BD, 3.5BA cabin with bunk space on 5+ secluded acres. Stunning mountain views and high STR income. Detached garage with potential living quarters. Fully furnished. View Post

$1.275M | Sevierville, TN: 3BD, 3.5BA cabin with indoor pool and game room. Stunning mountain views in prime location. Ideal investment opportunity. View Post

$1.38M | Little River, CA: 3BD, 2BA 1950 sqft home on 10 acres with panoramic views and spacious decks. Includes studio, cabin, yurt, and shed. Ultimate privacy near Mendocino coastline. View Post

$1.499M | Lake Harmony, PA: 8BD, 5BA luxury lake-view home with chef's kitchen, soaring ceilings, and expansive deck. Full bar and game room. Successful turn-key Airbnb. View Post

$2.198M | Miami, FL: Brand new 3BD, 3BA Natiivo penthouse with stunning bay views. Fully furnished by Restoration Hardware. Flexible rental options with no restrictions. Top-tier amenities. View Post

$2.395M | Sevierville, TN: 6BD, 6BA 5500 sqft lodge on 2.45 acres in Wears Valley. Fully furnished with pool, hot tub, and game room. Ideal STR with great rental projections. View Post

$7.5M | Indianapolis, IN: 9-home micro resort on 60 acres with river, lake, pond, and woods. Gross income of $700K, potential for $925K. Includes 7 more homes and solar farm. View Post

Trending Short-Term Rental News

🏠 Vancouver's short-term rental market is tightening as new data reveals that most properties are being rented for less than 90 days a year. The city’s efforts to regulate short-term rentals are beginning to take effect, with fines for non-compliance and stricter enforcement. This has led to a decrease in the number of full-time rental properties, suggesting that regulatory measures can significantly impact the market's supply and demand dynamics. Read more

🌄 Nevada County has released a comprehensive FAQ to clarify the rules around short-term rentals, reflecting the community's growing concern over their impact. As the county grapples with balancing the economic benefits of vacation rentals with the need to maintain neighborhood integrity, local authorities are seeking to educate residents and rental owners on compliance and community expectations. This move is part of a broader trend in areas seeing a rise in short-term rental activity. Read more

🌿 The Hawaiʻi Supreme Court has ruled that farm dwellings in agricultural districts cannot be used as short-term vacation rentals. This decision aims to protect agricultural land from being converted into vacation properties, preserving the island's farming heritage and community character. The ruling underscores the challenges faced by local governments in regulating vacation rentals while balancing economic opportunities and land use priorities. Read more

🌴 Palm Coast residents are speaking out against the proliferation of vacation rentals, calling it a ‘nightmare in paradise’. Locals have voiced concerns about noise, safety, and the changing character of their neighborhoods. The city is now considering stricter regulations to address these issues, highlighting the ongoing struggle many communities face in balancing tourism and quality of life. Read more

💼 Despite the regulatory challenges, real estate investors see potential in the Airbnb market as a lucrative opportunity. As traditional rental returns diminish, short-term rentals offer higher income potential, albeit with increased risks. Investors are being urged to closely monitor regulatory developments, market trends, and careful analysis of STR comps to make smart investments. Read more

Trending Housing News

📉 Mortgage rates in the U.S. have dipped, offering some respite to homebuyers facing high costs. The decline, the lowest since February 2023, could boost purchasing power just as the Federal Reserve considers its next move on interest rates. This shift may offer temporary relief for those looking to enter the housing market amid ongoing affordability challenges. Read more

🌎 UBS's Global Real Estate Bubble Index flags Miami as a city at high risk of a housing bubble. With soaring property prices and intense demand, Miami tops the list of cities where real estate markets are deemed overvalued. The report warns that a correction could be on the horizon, potentially impacting both investors and homeowners. Read more

💰 A major landlord in Clark County has agreed to a $48 million settlement after being accused of deceiving renters. The company, which manages over 3,500 homes, allegedly engaged in unfair practices, including misleading fees and maintenance issues. This settlement highlights ongoing issues within the rental market, emphasizing the need for greater tenant protections and transparency. Read more

🏡 Nevada's housing market faces unique challenges, with both a surge in demand and a shortage of affordable options. As the state experiences population growth and economic diversification, the pressure on housing supply is intensifying. Policymakers are now grappling with how to address these issues while maintaining the state’s economic momentum. Read more

🔨 Homebuilders are ramping up construction of new spec homes as inventory hits its highest level since 2009. The surge in new builds is an attempt to meet demand in a tight market but could also signal concerns about overbuilding. With competition from existing homeowners intensifying, builders are strategically positioning themselves to capture a larger share of the market. Read more

Trending Economic News

💼 Disney is cutting hundreds of corporate jobs as part of a broader cost-saving effort under CEO Bob Iger's leadership. This wave of layoffs will affect employees in areas such as marketing, sales, and product development, aiming to streamline the company’s operations and focus on core segments like streaming and theme parks. The move is part of Disney’s strategy to achieve $5.5 billion in savings after previous rounds of job cuts in 2023. Read more

📉 Consumer confidence has taken its biggest hit since 2021 as concerns over the job market grow ahead of the election. The drop reflects growing anxiety about economic stability, with potential implications for consumer spending and investment. As the election approaches, these sentiments could influence both political outcomes and market dynamics. Read more

💼 Investors are coming to grips with the reality that rate cuts may not be enough to save the real estate sector. With high borrowing costs and sluggish demand, the sector faces significant headwinds. Analysts warn that even if the Federal Reserve eases rates, the real estate market may struggle to regain its footing, leaving investors cautious. Read more

📊 Despite fears of a recession, the U.S. economy grew at a 3% annualized pace in the second quarter. The robust growth defies predictions of an imminent slowdown, buoyed by strong consumer spending and business investments. However, economists warn that this momentum may be difficult to sustain amid rising interest rates and global uncertainties. Read more