🔥 STR Homes for Sale | Scouting Report | 04/13/24

Get a personalized income estimate today to see how Vacasa can help you create more passive STR revenue in 2024. Vacasa outbooks 92% of local managers. More revenue, with less hassle.

🔥 In this week's scouting report:

• STR Classifieds: Explore 23 trending on and off-market STR's homes for sale in 13 U.S markets!

• Blog Spotlight: Tax planning guide for short-term rentals, and The Masters impact on STR’s in Augusta, GA.

• News Nuggets: Catch the hottest news nuggets trending this week that you need to know.

• STR Resources: The best STR resources, tools, and exclusive member-only discounts.

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FEATURED PROPERTIES

Modern Asheville Escape: Designer Kitchen & Balcony Bliss

🏡 $850K | Asheville, NC: With a projected income range of $108k-$188k, this property is an excellent investment. This stylish 4br 4ba home spans 2501sqft and flaunts Cali Bamboo flooring, high ceilings, and a seamless flow from kitchen to living room, perfect for both relaxation and entertainment. Nestled in the sought-after Leicester Village, enjoy the convenience to Asheville's lively attractions and amenities. An ideal combination of modern living and earning potential. View Property Details

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

Modern Farmhouse with Amazing 360-degree Views near Glacier National Park

🏡 $1.475M | Kalispell, MT: Modern Farmhouse with Amazing 360-degree Mountain Views near Glacier National Park. Forecasted rental income over $200k. Enhance revenue with the completion of an ADU. This 4br 3ba home spans 2526sqft, showcasing expansive windows and breathtaking mountain vistas. Situated on a 5-acre tract, enjoy end-of-road privacy while being within a short drive to town, airport, and Glacier Park. ADU roughed in and ready to finalize for added rental potential. A true gem for privacy, views, and income possibilities. View Property Details

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

🛠 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, 10% off for STR Scout subscribers!

🏦 STR Loan Quote, competitive quote in minutes from Host Financial, $500.00 credit for STR Scout subscribers.

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

STR CLASSIFIEDS 

🧮 Bookmark this free and powerful Airdna Calculator to estimate your earnings potential on any STR homes for sale.

🏠 STR’s For Sale by Owner (off-market)

🏞️ $600K-$697K | Southern Utah: New townhomes near Zion Nat'l Park, STR approved. Projected $95K rev. Amenities: themed pool, jacuzzi, RV parking, mini golf, more. Optional furniture & management. Owner referral incentives. View Post.

🌊 $719K | Redington Beach, FL: Renovated 2/2 block home, 1100 sqft, 1 block from beach. New plumbing/electric, tankless heater, AC, chef's kitchen, impact windows. Avg $8K/mo Airbnb/VRBO, data-backed. View Post.

🏡 $485K | Corinth, NY: The Mill House, successful STR near Saratoga Springs & Lake George. Ideal for Adirondack exploration or spacious living. Recently renovated. For sale by owner, listed on Zillow. View Post.

🏔️ $829K | Idaho Springs, CO: STR 2BR/3BA + loft, 2013 sqft, garage, shed. Sleeps 7, near ski resorts & trails, 1/4mi to lakes. $71.8K gross in 2023. Furnished, updated, transferable STR permit. Peak in summer. View Post.

🏜️ $350K | Yucca Valley, CA: STR property near Joshua Tree entrance, 10 min away. Furnishings negotiable. Interested buyers, please PM for details. View Post.

🌆 $450K | Seattle, WA: Turnkey top-floor condo in Capitol Hill, 585 sqft, 1BD/1BA, built in 2019. Near light rail, excellent MTR $3.2K-4.5K/mo. 30+ day rentals. HOA $442.50/mo, taxes $290/mo. Flexible close. Agent commission available. View Post.

🌲 $525K | Robbinsville, NC: A beauty. STR 3BD/4BA home on 1.61 acres, unrestricted land. FSBO, as is, fully furnished. Financials available upon request. View Post.

🏞️ $650K | Ellijay, GA: 1,920 sqft, 3/2 cabin, 183' Ellijay River frontage, 1.23 acres, River Bend community, no HOA. 20 min to Blue Ridge. STR as 1/1, potential as 3/2. Gross income: 2022-$52K, 2023-$48K, 2024 YTD-$9K. Listings at VRBO & Sliding Rock Cabins. View Post.

🌳 $1.1M | Northern KY: 27-acre property on the Licking River, hosts youth groups & large families. Features 7700 sqft main building, renovated cottage, 4 bunkhouse cabins, primitive log cabin, commercial kitchen, chapel, playground, and basketball court. STR with high booking rate, free range animals included. Owner financing available. View Post.

🌊 $767K | Tampa Bay, FL: Waterfront 4BR/3BA property on saltwater canal. 2500 sqft main house & 500 sqft ADU. Updated in 2019, dock, hot tub, no HOA. STR avg $4K/mo income. Options: live in + rent ADU or vice versa. Open house April 15-18. View Post.

🌲 $795K | Gatlinburg, TN: Turnkey 4BR/2BA cabin in Chalet Village, Smoky Mountains. 1,715 sqft with over $130K gross rental income yearly since 2021. 4.94 Airbnb rating from 110 reviews, plus 21 VRBO 5-star reviews. Fully furnished, features fire pit, arcade games, community pools, and more. 2 miles from Gatlinburg center. Open to management options. View Post.

🗝️ STR’s For Sale by Agents (on-market)

🌄 $1.475M | Kalispell, MT: Custom home on 5 acres, 360-degree mountain views. 2,526 SF, 4+BD/3BA, loft, bonus room, shop w/ apartment potential. High-end finishes, near outdoor recreation. Privacy, off-grid capability. Add'l rental income potential. View Post.

🏢 $999,999 | Rock Hill, SC: Downtown 4-unit property on 0.34 acre. Modern amenities, prime location for shopping/dining. NOI $112k, great for passive income. High rental demand. Full financials for qualified buyers. View Post

🏖️ $265K | Myrtle Beach, SC: Turn-key 2BR/2BA condo near Shore Drive, steps from beach. Fully furnished, open layout, 2 screened porches, primary suite w/balcony. Amenities: outdoor & indoor pools, hot tub, sauna, picnic area. Close to attractions & dining. Ideal for living or investment. View Post.

🏡 $779K | Sevierville, TN: Unique 4BR/3BA A-frame, sleeps 10, 1.5mi from Pigeon Forge Parkway. Secluded 0.75-acre wooded lot. Active rental, $114K-$135K projections. Recent updates: HVAC, guest bath, dryer, decor, toilets. View Post.

🏖️ $265K | Myrtle Beach, SC: Turn-key condo in quiet area, STR/MTR/LTR allowed. 1 king, 2 full beds, queen sleeper sofa. Indoor pool, sauna, hot tub. Previously private rentals. Listing agent available for questions. View Post.

🏠 $499,950 | Seattle, WA: Historical tiny home, 370 sqft, 1BR/1BA. Successful Airbnb w/repeat customers. Updated: roof (2/24), landscaping, mini-split, paint, water heater. Includes garage. Option to sell furnished. Ideal STR or unique residence. View Post.

🏡 $1.14M | Indian Point, MO: Bluebird Lodge, 6BR/6.5BA, 3851 sqft, lake views, luxury finish. Amenities: fire pits, playground, pools, trails, gym. Near Silver Dollar City, marina, Branson district. Ideal vacation rental, high investment potential. View Post.

🏖️ $370K | Galveston, TX: 3BR/2BA, 1336 sqft home, fully furnished & updated. Near beach, Airbnb ready. Features: granite counters, ensuite bath, upgraded cabinets/lighting/fans/flooring, solar panels. Perfect for investment or personal enjoyment. View Post.

🏠 $425K | Pawlet, VT: Multi-family, 6BR/2BA, 2560 sqft on 8276 sqft lot. Completely renovated: wiring, plumbing, kitchens, baths, floors. Smart tech access. Near Lake St Catherine, Slate Valley trails, Manchester shops, ski areas. Ideal move-in or investment (Airbnb). View Post.

🌴 $529K | Boynton Beach, FL: "The Mango Bungalow," 4BR/2BA in boating community. Features volleyball courts, boat ramp, park. $70K rev in 2023, 82% occupancy. Turnkey property. View Post.

BLOG SPOTLIGHT

Tax guide for short-term rentals: Top 5 tips for making your vacation rental taxes easier

The Masters Tournament Impact on STRs in Augusta 

NEWS NUGGETS

💼 Guesty Funding Surge: Israeli startup Guesty raises $130m in Series F, led by KKR, for its short-term rental property management platform. With operations in over 80 countries, Guesty plans to use the funds for global expansion, focusing on the U.S., Europe, and Australia, while enhancing its AI and market offerings — Globes

Real Estate

📈 Latest inflation Report & The Impact on Mortgages: March's higher-than-expected inflation report suggests the Federal Reserve may delay interest rate cuts, potentially until late 2024, driving mortgage rates higher and affecting the peak homebuying season. Core inflation remains stubborn, with shelter costs influencing trends, leading to an increase in mortgage rates to 7.29% — Redfin

🏠 Generational Shift: Multigenerational living in the U.S. has surged, with nearly half of young adults aged 18-29 living with parents, levels unseen since the Great Depression. Factors like unaffordable housing, the desire for social connections, and shared financial responsibilities have contributed to this trend, as both younger and older generations find value in closer familial bonds and mutual support — Marketplace

🏡 Tiny Home Trend: Home Depot taps into the tiny home market, offering DIY kits like a 444-square-foot, two-bedroom cottage for $63,000, echoing the early 20th-century trend of mail-order homes. This move highlights the growing demand for affordable housing solutions amidst soaring property prices and mortgage rates — Fast Company

🏢 Real Estate Warning: Fitch Ratings anticipates a severe downturn in the U.S. commercial real estate market, potentially worse than the 2008 financial crisis. Factors include high vacancy rates, a shift to remote work, and soaring interest costs. The lack of a quick rebound is troubling, with a vast amount of commercial debt maturing soon, raising concerns over the sector's financial stability — Yahoo Finance

🏠 San Francisco Housing Slump: Nearly 20% of San Francisco home sellers take a loss, quadruple the national rate, with typical losses reaching $155,500 amid post-pandemic market correction. Other U.S. metros show fewer losses, with New England least affected. Despite this, 82% of San Francisco sellers still profit, showcasing high market volatility — Redfin

📉 Market Correction: In 2024, home prices are falling in 10 major U.S. markets, led by Miami with an 8.2% drop. Despite a national trend of rising home prices, areas like San Francisco and Silicon Valley see declines due to tech industry fluctuations and increased affordable housing inventory — Yahoo

🏘️ Regional Rent Dynamics: High mortgage rates influence more people to rent, pushing up demand and rental prices, especially in the Midwest with a 5.3% spike. The rent increase is uneven across regions, attributed to varying housing construction rates. Despite recent hikes, rent growth has slowed compared to pandemic peaks, with national trends showing a stabilization in rental markets — The Hill

Economy

💣 "Everything Bubble" Alert: Robert Kiyosaki, author of "Rich Dad Poor Dad," warns of an imminent crash in stocks, bonds, and real estate. Advocating for gold, silver, and bitcoin as safe havens, he reflects on persistent economic challenges and market uncertainties, despite his mixed track record on predictions — Business Insider

📉 Recession Watch: Gary Shilling highlights the resilience of the U.S. labor market despite small businesses showing recessionary signs, suggesting a potential "delayed" recession. He emphasizes the unusual strength in employment and the Fed's cautious approach to interest rate cuts amid service inflation concerns — CNBC

📊 Persistent Inflation: U.S. consumer prices increased 3.5% in March year-over-year, with notable rises in auto insurance and healthcare costs. Despite a solid job market, inflation challenges persist, maintaining high borrowing costs and affecting affordability. Efforts to tame inflation continue as economic pressures and consumer anxieties grow — NBC News

💲 Inflation Concerns: In the U.S., prices have surged over 20% since the pandemic began, conflicting with solid economic indicators like low unemployment and stock market highs. The March inflation forecast is 3.5%, with core inflation expected to slightly decrease. Supply chain disruptions continue to fuel inflation, while wage growth lags, and borrowing costs soar, complicating the Federal Reserve's efforts to manage economic stability — NBC News

⛽ Oil Price Concerns: Rising oil prices pose a major threat to the U.S. economy, with U.S. oil nearing $90 a barrel and global prices close to $92, influenced by Middle East tensions. This surge risks undermining consumer spending, delaying Federal Reserve interest rate cuts, and impacting political outcomes, with potential severe effects on lower-income households and overall economic confidence — CNN

AI Trends

🏠 Rocket Logic AI Platform: Rocket Mortgage unveils Rocket Logic, an AI-driven platform enhancing the homebuying process with faster loan closures using deep learning and automation. Streamlining mortgage application to closing, it already reduces manual underwriting work significantly, aiming to further improve efficiency and client experience — Rocket Companies

🤖 AI Evolution Forecast: Elon Musk predicts superhuman AI could surpass human intelligence by the end of 2025, revising his earlier forecast from 2029. Constraints like chip availability have shifted to voltage transformers, with electricity supply being the next focus. Musk's vision emphasizes caution to prevent a "Terminator future" — Entreprenuer

📸 Google AI Photo Tools: Google to release AI photo-editing tools like Magic Eraser and Photo Unblur for free on Google Photos, enhancing images on a wider range of devices starting May 15. Features previously exclusive to Pixel phones and Google One subscribers will now be broadly accessible, with limitations on free edits per month — CNBC

STR Regulations

🏡 Hawaii's Ban on STR’s: Bills aimed at phasing out non-owner occupied short-term rentals move through Hawaii's legislature, addressing rising housing costs and homelessness. With tourism and development impacting housing availability, and a significant portion of homes used as short-term rentals, officials seek solutions amid debates on property rights, here’s the story — ABC News

🏠 Houston | More Short-Term Rental Turmoil: West Houston residents urge city council for more police monitoring due to disruptions from nearby short-term rentals, citing public disturbances and safety concerns. Despite promises for increased patrols, problems persist, leading to calls for stronger regulations and potential conversion to hotels — KHOU

🏠 Eagle County Short-Term Rental Rules: Officials in Eagle County aim to implement short-term rental regulations before summer, with current estimates showing 14% of local housing used for such rentals. Initial steps include registration and enforcing a lodging tax, with long-term goals to address housing and community services funding — Vail Daily

🏨 Myrtle Beach Hotel Moratorium: Myrtle Beach City Council halts hotel room conversions to long-term rentals until January 2025, aiming to assess fiscal impacts on tourism revenues. The city fears reduced short-term rentals could slash tax earnings vital for local services, with a potential $5.7 million loss from 1,000 room conversions — Post & Courier

🏡 New Orleans STR Regulation Shake-up: New Orleans is restructuring its department for short-term rental (STR) enforcement, causing City Council concern over potential shifts in oversight. Despite legal battles and staffing challenges, the city aims to improve STR regulation and enforcement, enhancing focus on zoning and inspections amidst ongoing litigation and demand for clear policy direction — NOLA

STR LOAN SOLUTIONS by HOST FINANCIAL

💵 DSCR rates INCREASED  from prior week. Link for quote.

💸 10 Year Treasury yield  INCREASED from prior week to 4.54%.

🏦 Conventional mortgage rate average INCREASED from prior week to 7.06%.

Astronomical STR Eclipse Booking Data