🔥 STR Homes for Sale | Weekly Classifieds | 04/27/24

🔥 This week's hottest STR deals and trending news.

• Scouting Riviera Maya, Mexico: Our boots-on-the-ground update from Playa del Carmen.

• STR Homes for Sale: Latest on and off-market STR's deals.

• Airdna STR Market Report: STR predictions for Spring/Summer.

• News Nuggets: Trending economic, real estate, and str regulatory headlines to follow.

• STR Resources: STR resources, tools, and deals for members.

The STR Scout Team

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Scouting Update: Scouting for The Best STR Deals in Riviera Maya, Mexico

Greetings from the Riviera Maya!

We're reporting this week from the vibrant heart of Mexico's famed coast, actively scouting out top STR opportunities for our members in Playa del Carmen and Tulum.

We have been busy meeting with leading developers and touring STR projects to uncover STR deals that promise robust cash flow and significant equity growth potential. With the guidance of our local expert network, we're handpicking the best STR deals to share, that stand out for their potential.

Our network of insiders gives you access to insider deals usually reserved for friends and family. Leveraging our community's buying power potential, we are working to negotiate some the best STR deals in premier locations.

Follow us as discover and share new STR opportunities that could shape the future of vacation rentals in this vibrant and popular regions. Stay tuned for updates to be first in line for these unique opportunities.

Happy Scouting,

Andy Thoms
STR Scout

STR FEATURED PROPERTIES

Unlock Your STR Caribbean Dream: Explore a Luxurious FSBO Condo in Roatan’s Exclusive Gated Community

🏡 $439K | Roatan, Honduras: Luxurious 2BR/2.5BA condo in a gated community, spanning 2,000 sqft, located in the SW Caribbean.

• Projected annual revenue of $80,000 to $90,000, supported by a short-term rental (STR)-friendly homeowners association (HOA).

• Turnkey property delivered fully furnished, complete with owner's closets and lockouts for streamlined rental management.

• Low-maintenance lifestyle ensured, with the HOA handling exterior upkeep and offering cleaning services at a cost of $7 per hour.

• Ideal for both STR investment and personal vacation use, blending tropical luxury with practicality.

View More Details  

Owner: Robert Baar
Call Owner: 616-218-2195
Email Owner

Contemporary 3br + 3ba Mountain Escape in Tranquil Baxter Woods in NC

🏡 $770K | Candler, NC: 2208sqft. Revenue projections show a range from $32k to $149k, distinguishing average hosts and super hosts respectively. Features include a serene setting with modern comforts, a covered front patio, and a rear porch with durable Trex flooring, perfect for entertainment or relaxation. Conveniently located just 5 minutes from local shops and 15 minutes from the vibrant downtown Asheville. A pristine blend of modernity and accessibility. View Property Details

STR Agent: Tyler Coon
Text or Call: +1-828-620-2541

Luxurious Custom-Built Mountain Home with Stunning Mountain Views & Local Wildlife

🏡 $1.65M | Kalispell, MT: Luxurious custom-built 5br 3ba mountain home, 4527sqft offering stunning Swan Mountain views. Projected annual income of $280K. Features expansive windows for breathtaking views and two fully independent living spaces across both floors, each with its own kitchen, laundry, and master suite. Perfect for outdoor enthusiasts with proximity to lakes, mountains, parks, trails, and a local elk herd. A true haven for nature lovers and a lucrative investment opportunity. View Property Details

STR Agent: John Hayes
Text or Call: +1-850-375-4113

Host Financial has successfully financed numerous members in our group, earning the top spot as our top STR loan experts for our community.

Their STR expertise and competitive STR loan solutions can help you achieve a wide range of financing objectives, including:

• STR Cash-Out Loan? Access your equity to generate cash.

• STR Bridge Loan? Use your equity for short-term needs.

• STR Rehab Loan? Upgrade or expand your STR.

• STR Pre-Approval Letter? Strengthen your purchase offers.

There is no-obligation to get a quote to explore how their STR financial solutions can help you achieve your financial objectives. It is fast, and easy.

STR CLASSIFIEDS | OFF-MARKET PROPERTIES

🧮 Bookmark Airdna’s Calculator to estimate your earnings potential on any STR homes for sale.

$180K | Hillsville, VA: Rental cabin with Airbnb gross of $32,668 and Vrbo gross of $9,130 in one year. Ideal investment opportunity. View Post.

$499K | Orono, ME: Charming lakeside cottage, fully furnished, includes a 24-foot pontoon boat and dock. Enjoy picturesque views and serene lakeside living in Orono, Maine. Perfect for seasonal getaways. View Post.

$399K | Fort Myers, FL: Consider selling STR with 5-star rating. Offering assistance with onboarding or free management for 3 to 6 months. View Post.

$795K | Southport, NC: Custom-built home with potential for visitor or in-law suite. Downsizing from 3,493 sq ft, but staying in Southport. View Post.

STR CLASSIFIEDS | LISTED PROPERTIES

🧮 Bookmark Airdna’s Calculator to estimate your earnings potential on any STR homes for sale.

$1.048M | Rock Hill, SC: High-end rental property appraised at $1,048,000. 4 units across 3 buildings on 0.34-acre lot. Prime downtown location near amenities. Ideal investment with steady income potential. Act fast! View Post.

$539K | Sugar Hill, GA: Exquisite 4-bed, 3.5-bath home with 3,121 Sq Ft on 0.17 acres. Don't miss this opportunity! View Post.

$390K | Warsaw, KY: Stunning waterfront Airbnb opportunity! Charming double-decker house on 2.23 acres with gross income: 2022 - $48K, 2023 - $40K. Fully furnished, 3 bed/2 bath, ideal for up to 11 guests. View Post.

$375K | St. Petersburg, FL: Personal vacation house/STR. 2023 - $45,959 income, 2024 - $18,044 gross income so far. Mix of short-term and mid-term rentals allowed. View Post.

$865K | Sevierville, TN: Great STR opportunity near Dollywood! Turnkey for remote management, with a game room, sauna, fireplace. View Post.

$339K | Pocono Region, PA: 3 bed 2 bath home in Big Bass Lakes Community, just 6 doors away from outdoor pool and clubhouse. View Post.

$349K | Central FL: Newly renovated & themed for Peppa Pig. 6 mi to Peppa Pig & Legoland. STR permitted, peaceful 1/3 acre lot. Winter Haven, top 10 market to invest in 2024. Approx $25k revenue in last 6 months on Airbnb. View Post.

$599K | Broken Bow, OK: Eagle View Lodge, a charming 3-bed, 3-bath cabin near Broken Bow Lake & Beaver's Bend State Park. Fully furnished, ideal for personal retreat or lucrative rental in a sought-after STR market. Reach out to schedule your appointment today! View Post.

$399K | Mt Hood, OR: Ski cabin STR nestled in the woods, boasting a hot tub, fireplace, and tranquil ambiance. Achieved 78.6% occupancy in 2023 with $62.9k in gross revenues. Only 15 mins to ski slopes, an hour to Portland, and minutes to hiking & restaurants. View Post.

$669K | Sunland, WA: Perfect weekend escape for tranquility and excitement. Ideal for Gorge concert rentals, offering income potential. Now available on the market. View Post.

$449K | Weston, VT: Fully renovated property with new furniture. Potential for self-management to optimize revenue. Walking distance to downtown Weston, central to 4 ski resorts. View Post.

$665K | Panama City Beach, FL: Brand new 4 bed, 3.5 bath house with rental projections of 85-100k/year. Seller offers $15k for furniture or rate buy down. Vacant and ready to show. View Post.

$850k | Galveston, TX: Newly built (2020) home on almost 1 acre with garage apartment. No HOA. Ideal for Airbnb or VRBO. Commuter-friendly, near parks and golf course. Schedule a showing today! View Post.

STR Classifieds: Fast-track your STR sale—showcase your STR home for sale—reach 130000 potential STR buyers.

STR LOAN SOLUTIONS by HOST FINANCIAL

💵 DSCR rates FLAT from prior week.

💸 10 Year Treasury yield  INCREASED from prior week to 4.67%.

🏦 Conventional mortgage rate average DECREASED slightly from prior week to 7.55%.

The GPD and inflation report this week signaled “higher for longer”. Right now might be a good time to get a STR loan quote.

U.S. Market Review: STR Market Gears Up for Spring With Highest RevPAR Growth Rate in Nearly Two Years

In a comprehensive review of the U.S. short-term rental (STR) market, significant growth trends in revenue and occupancy have been observed as the industry ramps up for the spring season.

Key Takeaways:

• Revenue Growth: Revenue per available rental (RevPAR) saw a year-over-year increase of 6.1%, marking the highest growth since April 2022. This surge is attributed to slowing supply growth and a calendar shift moving Spring Break holidays to March.

• Occupancy and Rates: Occupancy rates increased by 2.0% YOY, complemented by a 4.0% rise in average daily rates (ADR), continuing a positive trend for the third consecutive month.

• Economic Indicators: The U.S. economy displayed strength with the addition of 303,000 jobs in March, the most robust performance since May 2023. Despite a rise in inflation to 3.5%, economic indicators remained positive.

• Supply and Demand Dynamics: Available listings rebounded significantly in March, increasing by 12.3% YOY. Demand also remained strong, with a notable 15.2% rise in nights booked YOY.

• Market Variations: Every location type saw growth in demand, with small city/rural locations leading the charge at a 25.1% increase YOY. The ADR grew across all location types, indicating robust pricing power.

In summary, the U.S. short-term rental market is experiencing positive growth so far, marked by an increase in Revenue per Available Rental (RevPAR), occupancy and average daily rates. We will keep an eye on key economic indicators moving forward for signs of sustained growth as we enter spring and summer travel seasons. Take a look inside for full report details you will want to know.

Read Full Airdna Report

NEWS NUGGETS

Real Estate

🏠 Listings Surge: Rising mortgage rates and a surge in listings lead to the most March price reductions since 2017, signaling continued stress in the U.S. housing market — Wolf Street

🚨 Risks in Luxury Real Estate: Despite strong sales, the luxury market faces challenges. Price declines in key metros, rising inventory suggest potential oversupply concerns. High mortgage rates could impact future liquidity (exits), despite current cash purchases, graphs, and charts — Redfin

🏡 Inventory vs. Prices: While housing inventory could rise by 40% in 2024, significant declines in home prices are unlikely due to persistent buyer demand and elevated mortgage rates, predicted by Mike Simonsen — Housing Wire

🌴 Skyrocketing Price Growth: Florida home values soar, more than doubling over the past decade with a 164% increase, placing it second in the U.S. for home value gains — Florida Trend

Economy

📉 Dimon's Economic Caution: Jamie Dimon expresses skepticism about the U.S. achieving a soft landing despite the booming economy, and highlights the surprising resilience of oil prices amid geopolitical tensions — Financial Times

❄️ Economic Cool-Down with Rising Inflation: U.S. GDP growth tapered to 1.6% in early 2024, while core inflation surged to 3.7%, highlighting ongoing economic pressures and reducing the odds of a Federal Reserve rate cut in the near term, see charts and graphs — ING

💵 Dollar Dominance: The US dollar strengthens, reaching its highest level since November, driven by the robust US economy, solid retail spending, and job market stability, amidst ongoing geopolitical tensions — CNN

📉 Economic Slowdown: The U.S. economy shows signs of slowing in April, with a decrease in new orders and employment—the first contraction since the pandemic—as high interest rates and inflation dampen business optimism — MarketWatch

🛢️ Middle East Impact: Analysts predict minimal immediate effects on the U.S. economy from recent Middle East tensions unless oil prices exceed $100 per barrel, potentially increasing inflation and affecting Federal interest rate cuts — Investopedia

AI Trends

🏢 AI Revolution in Real Estate: AI is set to transform the real estate industry, enhancing productivity and providing deep insights into market trends and site selection, offering a generational opportunity for savvy investors, what you need to know — CCE News Team

🤖 AI as Ally: MIT's Daron Acemoglu advocates for using generative AI to enhance rather than replace worker tasks, promoting a "pro-worker" approach amid concerns about AI-driven economic disparities — Axios Macro

🤖 AI Business Insights 2024: Stanford's AI Index Report reveals major trends including increased AI model costs, growing investments in generative AI, and rising U.S. regulations, with a significant focus on enhancing productivity and quality in work environments — TechRepublic

STR Regulations Watch

🏖️ Narragansett Rental Restrictions: In response to local concerns, Narragansett proposes stricter short-term rental regulations, requiring minimum stays and limiting event use, potentially impacting local businesses and housing affordability — DarrowEverett LLP

🏠 BC's Rental Penalties: New regulations in British Columbia could impose $10,000 daily fines on short-term rental platforms like Airbnb for violations, aiming to free up housing and affect local tourism — CTVNewsVancouver.ca

🏘️ Waynesville STR Regulation Study: Waynesville's planning board is debating new short-term rental rules to balance economic benefits with impacts on local housing costs and community livability, here are the details — Smoky Mountain News

🏛️ New Orleans STR Regulations Upheld: A federal court upholds New Orleans' short-term rental regulations, allowing the city to enforce limits on the number of rentals per square and requiring owner occupancy, only 3 STR’s allowed per city square (4 street blocks) — WDSU

🏠 Buncombe STR Debate Delay: Buncombe County's planning board postpones a decision on short-term rental regulations for 100 days to further evaluate potential impacts on the local economy and housing affordability — WLOS

🛠 STR Partner Tools & Resources

• 🏘 STR Property Management, discover full service property management with Vacasa, the nations largest manager.

• 🌎 STR Market Explorer tool, free Airdna tool to evaluate any STR market in the world, in seconds.

• 💰 STR Revenue Calculator, free Airdna tool to evaluate get revenue projection and customize estimates, in seconds.

• 📊 STR Data Plan, great things happen with great data, get a Pro Subscription plan with Airdna. Exclusive 10% off for STR Scout subscribers!

• 🏦 STR Loan Quote, competitive quote in minutes from our partners at Host Financial, Exclusive $500.00 credit for STR Scout subscribers.

• ⛑ STR Insurance Quote from our partners at Steadily. Take 5 minutes to get a free quote to see if you can save $$$.

• 📅 STR Event Calendar: Here is your list of short-term rental events and conferences to attend in 2024.