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Host Financial Minute
The Fed hiked. The bond market barely blinked.
Last Wednesday, the Fed voted 12–0 to raise rates a quarter point, to 3.75%–4.00%. It was the first hike since 2023. The dot plot says it probably isn't the last: 16 of 18 officials expect at least one more increase this year, and futures are already leaning toward December.
The long end had priced this in weeks ago. The 10-year Treasury note touched 5% on decision day, its highest level since 2007, and it's still sitting near 4.96%. The 5-year is close behind at 4.83%. Falling oil prices have taken a little pressure off. Fed officials are still saying inflation has spread well beyond energy, though, so don't expect relief to arrive on its own.
You can't underwrite the Fed. You can underwrite the property.
Host Financial underwrites on what the property earns. They use actual STR income history or income projections, not the market rents most DSCR lenders say they use but don't. They also price across multiple capital partners instead of one rate sheet, so a single rate decision doesn't box them in.
They can shop your file across several lenders to find terms that still work, whether December brings another hike or not. They have helped hundreds of members in our group secure the best STR financing.
➡️ Show Me My Number
Bed & Breakfast with Eight Year $ History - Olympia Peninsula, Washingon
This week we reviewed 25 from our group, here are the 10 that made the cut priced from $299k to $1.2M. From a 1926 Tudor bed and breakfast on the Olympic Peninsula to a Gatlinburg condo where the seller is carrying paper.
Port Angeles, WA: Eight years as an established bed and breakfast. The business sells separately. Space for two ADUs.
Gatlinburg, TN: $203k, $186k, $171k. $160k already booked for 2026. The price just came down.
Gatlinburg, TN: 25% down, take over the existing loan, no balloon. $299k.
Inlet Beach, FL: $143,810 gross in 2024. Built in 2022. Under a mile to the sand.
Columbus, IN: $97,200 gross in 2025. Roughly 11 acres. Close to $100k in furnishings convey.
Gulf Shores, AL: Top 1% of Airbnb Guest Favorites. Nearly $50k gross. Price reduced.
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AL | Gulf Shores • $414k
Nearly $50k in annual gross (self-reported) on a 2BR beachfront condo in Airbnb's top 1%, and the price was just reduced.
1 bath · Low-rise complex, low monthly HOA · Heated gulf-front pool · Updated, move-in ready · West beach, steps to sand · 13 new Allegiant direct flights
FL | Inlet Beach • $950k
$143,810 gross in 2024 (self-reported, prior ownership) on a 2022-built 4BR under a mile from the beach.
STR permitted · Furnishings, bikes, beach gear convey · 3.5 bath · 2,483 SF · Sleeps 13 · Community pool, 2-car garage · Minutes to Rosemary Beach and 30A
GA | Ellijay • $680k
Approximately $87k gross last year (self-reported) on a private North Georgia mountain cabin, and the seller has already cut price.
Hot tub · Mini golf · Playground · Fire pit, hammocks · Expansive covered porches · Large level backyard · Mature hardwood setting
IN | Columbus • $849k
$97,200 gross in 2025 (self-reported) on a 3BR near Brown County State Park, sold with roughly 11 acres across two parcels.
FF&E conveys, ~$100k replacement est. · 3 bath · 3,000+ SF · Hot tub, game room · Pet-friendly · 5-acre parcel with 2-car garage · Private wooded setting
TN | Gatlinburg • $299k
Seller financing on a walkable condo: 25% down takes it subject-to the existing loan at about $1,656 monthly, no balloon.
STR allowed, no rental restrictions · 15% down, $34,150 balloon at 5 yrs · 20% down, $19,200 balloon at 5 yrs · HOA $312/mo · Indoor and outdoor pools · Walk to GSMNP
TN | Sevier County • $554k
$80k in 2025 revenue (self-reported) on a furnished Shagbark STR, and the seller offers a better price to direct buyers.
Conveys furnished · Mountain views, community privacy · Community pool · Tennis, pickleball · Fishing, disc golf · Clubhouse
TN | Gatlinburg • $665k
$98k in rental revenue last year (self-reported) on a newly remodeled STR holding a 4.9 rating and Guest Favorite badge.
Sleeps 10 · 3 full baths · Mountain and valley views · Private hot tub, fire pit · Entertainment room, multicade · Seasonal community pool · 4.5 mi to Gatlinburg, 5 to GSMNP
TN | Gatlinburg • $1.199M
$203k, $186k, then $171k in revenue (self-reported) over three years, with $160k already booked in 2026 after a major price reduction.
2025 dip tied to repair shutdown · Self-managed · 18-guest occupancy permit approved · Game room, pool table · Four deck levels, hot tub · Clubhouses, pools, tennis · Chalet Village
TX | Rio Frio • $799k
Four short-term rentals sold as one package at River Run Villas, professionally managed, and the seller has taken a major price reduction.
Fully furnished · Room for expansion · 6641 RR 1120
WA | Port Angeles • $900k
Eight years operating as Maitland Manor Bed & Breakfast, with the business and furnishings available separately to fit your model.
Whole-home STR before the B&B · STR Type 1 permit available · Space for two ADUs · 5 bed · 6 bath · 4,121 SF · 1926 English Tudor, Strait views · Gateway to Olympic National Park