🔥 Discover 26 STR Homes for Sale in 12 States

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Hello STR Scout Members,

In this weeks issue:

🏡 STR Classifieds: Explore 26 STR Homes for Sale in 12 Different Markets.

🔍 Price-to-Income Bubble: The Real Bubble Getting Ready to Pop.

📰 News Nuggets: Trending Short-Term Rental, Economic, and Housing News.

Happy Scouting!

Andy Thoms
STR Scout

😎  Quality data isn't just about numbers—it's the clarity that turns complexity into insight, guiding smart decisions and unlocking true potential.

Stunning 4-Story Home with Downtown Views

🏡 $999K | Nashville, TN: Spacious 4br 3.5ba home, 2600sqft, perfect for an STR.

• Commercially zoned but priced below residential counterpart

• Only NOO STR with a downtown view in Berry Hill

• 4 stories with a 2-3 car garage

STR Agent: David Goodman
Text or Call: +1 615-979-1644

Website & Details

20 Unit Portfolio Near Beach in Texas

🏡 $1.93M | Aransas Pass, TX: Spacious 20BD, 20BA portfolio, 6385 sqft, investment opportunity near the coast.

• Make money from day one.

• Over $500K Cap Ex upgrades in the last two years.

• Room to expand or add amenities.

• Research projects $300,000 in revenue on this underutilized portfolio.

View Property Details
View More Photos

Contact: Scott Smith
Text or Call: +1 512-740-0324

$245K | Black Forest, TX: Rehabbed 5-star STR with 8% CAP. Lakeview home near Sam Rayburn with community boat ramp. New foundation, electrical, and septic. Roof replacement credit offered. View Post

$250K | Cherokee Village, AR: 3BD, 3BA 1701 sqft home with seasonal Lake Thunderbird views. Two living areas, STR on Airbnb covering expenses. Recent updates, 0.66 acres, low taxes. View Post

$339K | Westview, KY: 2BD, 2BA waterfront home with bonus room on 1.27 acres. Remodeled in 2022. Successful STR since March 2023. Peaceful setting with lake views, decks, and outdoor spaces. View Post

$350K | Columbus, OH: 3BD, 2BA 1380 sqft remodeled ranch on 0.5 acres in Gahanna Schools. Open floor plan with floor-to-ceiling windows. Tenant-occupied, month-to-month lease. New roof before closing. View Post

$395K | San Antonio, TX: Off-market triplex near Downtown and Pearl District. STR/Mid-term rental cash flow with potential to add Unit C post-rehab. View Post

$430K | Sevierville, TN: 1BD with mountain views. Recent updates and successful STR. Great investment opportunity. View Post

$485K | Sevierville, TN: 1BD, 1.5BA 1236 sqft cabin nestled in the woods. Private balconies, hot tub, king bed with jacuzzi. Perfect mountain retreat near Pigeon Forge and Townsend. View Post

$495K | St. Louis, MO: 2BD, 1BA per unit duplex in Dogtown. One unit STR, other LTR. Potential to convert both to STR. Recent updates throughout. $5100/mo rent. View Post

$499K | Murchison, TX: Turnkey lakefront home with private 365-acre lake access. Fully renovated with $100K+ equity at move-in. Ideal for Airbnb, 1031 exchange, or second home. Custom 100ft pier. View Post

$525K | Arlington, TX: Fully furnished 4BD, 3BA STR generating $99.6K annually. Turnkey investment. View Post

$645K | Murfreesboro, TN: 4BD, 3BA home with 2 STR units on 0.7 acres. Gross income $19K in 2024 (upstairs unit). Potential for 3rd unit conversion. Fully furnished upstairs. Fenced yard. View Post

$645K | Louisville, KY: Riverfront 3BD home on 0.5 acres, 13 minutes from downtown. Successful STR, remodeled with new deck and patios. Grossed $70K/year previously. View Post

$675K | Panama City Beach, FL: 2BD, 2BA 1370 sqft beachfront condo in Treasure Island Resort. Sleeps 6+2 kids. Beachfront master, private balcony, heated pool, and gym. Great STR potential. View Post

$689K | Panama City Beach, FL: 4BD, 2BA 1808 sqft home, 3 blocks from beach. Successful STR with $82K gross in 2023. Turn-key, fully furnished, no HOA, custom mini-golf, and dog-friendly yard. View Post

$725K | Austin, TX: 4BD, 4BA 2123 sqft new construction home in East Austin. Close to parks, restaurants, and 15 minutes to Downtown. Private fenced yard, gourmet kitchen, and luxury finishes. View Post

$760K | Nashville, TN: 3BD, 3BA 1703 sqft home with skyline views. Near Broadway, Nissan Stadium, and downtown. High-end finishes, eligible for NOO-STR permit. Fully furnished option. View Post

$848K | Sevierville, TN: Newer 2022 build with 3BD, 3BA. Includes hot tub, movie theater, and fully furnished. Low down payment option. Balloon payment in 4 years. View Post

$865K | South Padre Island, TX: Triplex with 3 units. Unit A: 3BD, 2BA; Unit B: 2BD, 1BA; Unit C: 1BD, 1BA studio. Walk to beach, fully renovated in 2021. Owner financing at 7.5%. View Post

$900K | Pigeon Forge, TN: Two remodeled cabins 1 mile from Parkway. 3BD, 3BA total. Newer HVAC, roofs, and more. Gross income $131K. Appraised at $1M. Flat roads, seasonal creek. View Post

$925K | Denver, CO: 5BD, 3BA 2448 sqft duplex with attached ADU. Successful STR with 86% occupancy. Fully furnished, lush backyard, fire pit, no HOA. Near Regis University and I-70. View Post

$950K | Pigeon Forge, TN: Two cabins on one lot, grossing $131K in 2023. Prime location, just 1 mile from Parkway and 5.7 miles from Dollywood. High STR demand near Great Smoky Mountains. View Post

$995K | Austin, TX: 3BD, 2BA STR with an average gross annual income of $95.8K (2012-2024). Prime investment opportunity. View Post

$1.253M | St. Augustine, FL: 5BD, 3.5BA 2735 sqft historic home in the heart of the city. Fully furnished, remodeled in 2018. Popular STR with $140K revenue potential. Private pool and gym. View Post

$1.39M | Logan, OH: Two log cabins on 10 wooded acres. Combined 7BD, 4BA, 4344 sqft. Turn-key STR with game rooms, hot tubs, fire pits, and expansive decking. Stunning hillside views near Hocking Hills. View Post

$1.5M | Panama City Beach, FL: 6BD income-generating home with heated/chilled pool, outdoor kitchen, and RV parking. No HOA, sleeps 16+, potential $252K/year, 30% ROI. Prime location. View Post

$1.649M | Waikoloa Beach, HI: 2BD, 2BA Halii Kai condo. Active STR grossing $160K/year, netting $90K. Fully turnkey with cleaner, handyman, and future bookings in place. View Post

$2.9M | Panama City Beach, FL: Two 4BD, 4BA homes with shared backyard oasis and large gunite pool. Fully furnished and turnkey for STR success. View Post

Home Price-to-Income Ratio Bubble Is About to Pop – Prepare for the Market Shift

We don’t have a real estate bubble; we have a home price-to-wage growth bubble. The widening gap between home prices and wages in major U.S. cities is starkly evident when we examine home price-to-income ratios. Historically, a 3:1 ratio was considered affordable, meaning a home would cost about three times the median household income.

• However, in many cities, that ratio has swelled to 5:1, 6:1, and, in extreme cases like Los Angeles and San Francisco, over 10:1.

• This disconnect has created a significant affordability gap, making it increasingly difficult for average earners to purchase homes.

• For real estate investors, this dynamic presents both risks and opportunities.

As home prices continue to outpace incomes, the traditional pool of homebuyers shrinks, potentially fueling more demand in the rental market. But those buying at today’s inflated prices in overheated markets are assuming considerable risk.

This phenomenon is best described as the Artificial Appreciation Vacuum.

• Between January 2020 and May 2022, artificially low interest rates made borrowing cheap, triggering a frenzy of demand that drove appreciation rates up far faster than wage growth.

• Essentially, future appreciation was “borrowed,” pushing home prices beyond what real demand could sustain.

• Now, with rising interest rates and stagnant wages, many markets are left with little room for further price growth.

The Artificial Appreciation Vacuum has left home prices in many areas at unsustainable levels, waiting for real wages or economic fundamentals to catch up.

A perfect example of this is the meteoric rise in Austin.

• From January 2020 to May 2022, the median home price jumped from $395K to $710K—an annualized appreciation rate of 28.62%, with a total value appreciation of a whopping 80%.

• Meanwhile, real wage growth during this period was negative.

• This illustrates a classic case of the Fed-induced Artificial Appreciation Vacuum. Nearly all markets show this same spike.

• Austin's housing market is declining from its peak, with prices adjusting to lower levels that better align with current wages.

And it’s not just Austin—this (Fed induced artificial property value spike) bubble is everywhere, stretching across nearly all major U.S. markets. How big is your bubble? Click here to check your market’s Redfin data and see how much of your future appreciation growth has been "borrowed."

Three Likely Outcomes for Housing Prices:

1. Lower Interest Rates to Boost Affordability: A return to ultra-low rates could temporarily boost affordability by lowering monthly mortgage payments. But this would likely reignite home price appreciation, perpetuating the unaffordable housing cycle. With the Fed laser-focused on controlling inflation, significant rate cuts seem unlikely without sparking inflation.

2. Wages Need to Rise Sharply: Incomes would need to double—or even triple—in some cities to keep pace with current home prices. This scenario is improbable given today's economic realities. Plus, such wage growth would come with its own set of problems, like driving up inflation and living costs, making true affordability even harder to achieve.

3. Home Prices Will Fall: The most likely outcome is a significant correction in home values across most markets, as affordability issues push prices to align more closely with real wages. We may see home price-to-income ratios revert to more sustainable levels, such as 3:1 or 4:1. In fact, I believe many markets will revert back to 2020 (start of price spike) price levels.

Given the economic outlook and the Fed’s limited ability to lower interest rates without fueling inflation, a housing correction (reversion to the mean) seems increasingly likely.

For investors, this presents opportunities to acquire properties at a discount as the market adjusts. We're already seeing it in many areas—I'm getting deals weekly.

• Just today, I received an off-market pre-sale condo deal priced $140,000 below fair value in the luxury gated golf community of Corasol, Playa del Carmen, Mexico.

• The property can be purchased for $290,000, with comparable properties valued at $435,000—an immediate 33% potential uplift on a deal being delivered in just 60 days! More opportunities like this are coming.

• Many pre-sale projects were overbuilt, and new inventory hitting the market is now selling at discounted prices. We are scouting these developer deals to share, and patience is key!

In short, while today’s market presents challenges, savvy investors who navigate this turbulent period wisely can position themselves for significant gains when the market rebalances. The key is to be prepared for falling property values that eventually align with real wages.

We continue to make progress on creating Spatial Hub, a new tool designed to help investors find the best deals in today's complex real estate market. Spatial Hub consolidates key real estate and STR data into a single platform, allowing you to set your buy box and efficiently find properties that match your criteria—saving time while helping you identify the best markets and opportunities.

Stay tuned—Spatial Hub’s beta launch is coming soon!

Short Term Rentals 

🏠 Airbnb as a solution to rising housing costs? A recent study suggests that Airbnb might help alleviate rising housing costs by expanding the rental supply. Allowing more short-term rentals could ease pressure on the long-term rental market, giving landlords more flexibility and, in turn, potentially benefitting renters with increased availability.

🏘️ Budapest considers Airbnb license freeze. In Budapest, a freeze on new Airbnb licenses is under consideration. The move comes as local authorities debate the impact of short-term rentals on housing availability, with many concerned about rising rents and fewer long-term options for residents.

Housing 

🏡 U.S. home values projected to rise through 2024. Zillow’s latest forecast suggests U.S. home values will increase by 3.6% over the next year, though sales volumes are expected to shrink as mortgage rates climb. Buyers eager to enter the market may still face challenges as affordability pressures persist.

🌆 Portugal’s housing prices continue to accelerate. Portugal ranks among the top 20 countries with the fastest-growing house prices, driven by demand from foreign investors. However, locals face increasing affordability concerns as home prices climb at a faster rate than wages.

🏠 Rental supply in Portugal on the rise. The supply of rental properties in Portugal has surged, providing a much-needed boost to a market previously facing shortages. With more options now available, renters may find it slightly easier to secure housing, though affordability remains a concern.

🏢 Oahu lawmakers consider a vacant homes tax. In response to the housing shortage, Oahu is exploring the introduction of a vacant homes tax. The proposal aims to encourage owners of unused properties to either sell or rent them, adding more housing options for locals in need.

🏚️ Americans tap into home equity to cover expenses. As inflation continues to strain household budgets, more Americans are turning to their home equity for financial relief. Tapping into this value helps cover living expenses, but it also raises concerns about the long-term financial health of homeowners.

🏘️ Multifamily investors favor newer properties. In the face of economic uncertainty, multifamily investors are gravitating toward newer assets. These properties offer stable cash flows and require less maintenance than older buildings, making them a safer bet for returns in the current market.

Economy 

📉 U.S. recession risks loom. Economists are split on the likelihood of a U.S. recession in 2024. While strong labor markets offer some optimism, other indicators suggest that risks of an economic downturn remain, with ongoing concerns about rising inflation and soft consumer confidence.

Travel & Destinations 

🌍 Caribbean tourism gets a boost. Caribbean nations like the Bahamas, Antigua, and Barbados are seeing a surge in tourism, supported by new routes from Caribbean Airlines. This boost in visitor numbers is helping local economies recover from the pandemic and fueling further growth in the region’s tourism sector.

🚤 Walmart enters the tiny home market. Walmart is partnering with Amazon to sell tiny homes, joining the growing trend of minimalist living. With interest in affordable and space-efficient housing on the rise, these tiny homes offer a potential solution for consumers seeking to downsize.

Technology & Lifestyle 

🤖 AI agents quietly taking over everyday tasks. AI agents are becoming a seamless part of our daily lives, handling tasks like scheduling, customer service, and content generation. These digital assistants continue to evolve, making them indispensable in both personal and professional contexts.

📱 Meta restructures with layoffs across divisions. Meta has announced layoffs across Instagram, WhatsApp, and Reality Labs as part of a strategic reorganization. The company is realigning its resources to focus on key growth areas, but these changes are also reflective of the broader challenges facing the tech sector.