🔥 (19) Turnkey STR Homes for Sale | 6-19-24

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Welcome to this week’s STR scouting report, sponsored by our trusted lending partner Host Financial. Rates are coming down! Right now is the time to contact STR loan experts who have products and expertise you need to get your STR loan funded. Get a quote in minutes.

🔥 In this email:

• Trending STR Homes for Sale: Explore (19) new STR Homes for Sale in (10) STR markets.

• Trending News Nuggets: This week’s real estate, economy, travel, headlines.

Best regards,

Andy Thoms
Founder and Editor - STR Scout

Own a Slice of Julian’s Charm: Five Rustic Cabins for Sale with Growth Potential.

🏡 $1.195M | Julian, CA: Must see. 6br 5ba and 2432sqft of living space. Currently generating approximately $60k in revenue, with potential for rapid increase by expanding rental availability.

• Situated on 2 acres, the property also has potential for up to 8 additional units, providing tremendous upside with development opportunity.

• Fully functional STR with multiple rental units, ideal for an owner to live on site and reduce expenses.

• A unique investment opportunity with growth potential.

View Property Details
STR Agent: Joe Gold
Text or Call: 858-442-1061

Want to see your property here? Click here to start:

Cute Cabin Tucked in the Towering Pines

🏡 $650K | McCall, ID: Charming 2BR, 1BA cabin nestled in towering pines. Fully furnished, close to town, peaceful setting. Revenue history of $34K. Ideal retreat in scenic Idaho.

• Sold fully furnished

• Located near downtown McCall

• Peaceful setting

View Property Details
STR Agent: Lauren Sawyer
Text or Call: (208)-859-8010
Book a Call

Want to see your property here? Click here to start:

TOGETHER WITH STEADILY

Rising STR insurance expenses are directly cutting into STR profits today. Every bit of cashflow counts!

Get an STR insurance quote in minutes. There’s zero risk, and zero obligation, to see how much you can save.

STR CLASSIFIEDS | OFF-MARKET PROPERTIES

$425K | Gatlinburg, TN: Selling my cabin that earned $72K in 2023. On track for similar income this year. Seeking interest off market. No creative/seller financing. DM if interested. View Post.

$860K | Kill Devil Hills, NC: Oceanside 4/2 home, steps from the beach. Nightly rental $550 peak season via VBRO. Recently renovated to studs with luxury upgrades. View Post.

$430K | Poconos, PA: Off-market sale of STR! 3BR, fully furnished (excluding hot tub, dining table, TV), made $66,330 in 12 months. Golf, pool, lake, clubhouse nearby. View Post.

$695K OBO | Panama City Beach, FL: Top floor penthouse with oceanfront master, bunk room, tile floors, 10' ceilings, and stunning decor. Fully furnished, new HVAC. 2023 rental income $75K+. View Post.

$190K | Mena, AR: Newly built rental surrounded by Ouachita National Forest. Access to hundreds of ATV trails from the property. Ideal for outdoor enthusiasts seeking adventure and tranquility. View Post.

STR CLASSIFIEDS | LISTED PROPERTIES  

$2.39M | Morganton, GA: A must see! Pool lodge with $350,949 earnings in 2023, $266,338.83 booked for 2024. Ideal for weddings & retreats, renovated for turnkey operation. Dedicated team, operational insights provided. View Post.

$1.295M | Blue Ridge, GA: Luxury mountain chalet with 3 levels, stunning views, gourmet kitchen, stone fireplaces, spacious decks, and jacuzzi. Sold fully furnished. View Post.

$749K | Port Aransas, TX: Coastal retreat with 4 beds, 3.5 baths, community pool access. Ideal for investors with over $100K in revenue potential from short-term rentals. Corner lot with yard for grilling and gatherings. View Post.

$750K | Sevierville, TN: Big Price Reduction! 3BR/3BA pool cabin near Dollywood. Fully furnished, remodeled, new appliances, HVAC, and roof. Projected income: $100K-$110K. View Post.

$249K | Tobyhanna, PA: Cozy 4-bed, 2-bath home in Pocono Country Place, a gated lake community with pools, lakes, and recreation. Near Poconos attractions. Sold "AS IS". View Post.

$989K | Englewood, CO: Stunning 5BR/3BA home with ADU. Features white oak hardwood floors, custom stone tiles, high-end kitchen with Bosch appliances, walk-in pantry, and custom built-ins. View Post.

$479K | Philpott Lake, VA: Unique 19-acre property with 4 tiny houses, including The Stone Cottage and others. Ideal for STR with zoning approval. Magical spot in SW Virginia, near Philpott Lake. View Post.

$895K | Beavertown, PA: Stunning 7BR/5BA home on 11 acres with views of Walker Lake. Features include vaulted ceilings, large windows, cozy fireplaces, a hot tub, horse barn, and trails. View Post.

$704K | Sevierville, TN: Stunning 4BR, 4BA cabin in the Smoky Mountains. Open-concept design, spacious kitchen, screened porch, hot tub. $82K rental income in 2023. Fully furnished. View Post.

$510K | Pine, AZ: Amazing 3BR/2BA home with mountain views, wildlife visits, wrap-around TREX deck, two sheds with electricity, firepit, gazebo, and RV parking. No HOA. View Post.

$549K | Sevierville, TN: Sleek 3BR, 2.5BA townhouse, active STR earning $76K annually. Modern interior, fully equipped kitchen, fireplace, ensuite bedrooms, and mountain views. Ideal investment or personal retreat. View Post.

$1.050M | Kalispell, MT: Historic 7BR/5BA home near Woodland Park and downtown. Blends charm with luxury, featuring high ceilings, large windows, and a new roof. Great rental potential. View Post.

$998K | Gatlinburg, TN: New construction, unbeatable location! Walk to Anakeesta, one mile from Parkway. 4BR, 4.5BA, media room, outdoor patio, built-in grill, fire pit. Annual revenue projected at $134K. View Post.

$315K | Panama City Beach, FL: Gulf-front 1 bed, 2 baths, 887 sqft condo at Carillon Beach. 5th floor with gulf views, townhome-style layout, kitchen with breakfast bar, balcony. Near Pinnacle amenities, private beaches, and attractions. View Post.

TRENDING NEWS NUGGETS

❄ Cooling Housing Market: More homes are being listed, but sales are slow due to high prices and mortgage rates. Listings in May jumped 13% from last year, yet homes are staying on the market longer. Buyers face affordability issues, and sellers might need to reduce prices to attract interest. — CNBC

📃 Freddie Mac's New Home Equity Plan: Freddie Mac proposes second-lien mortgages to help homeowners access their home equity while keeping low-interest primary mortgages. This cost-effective alternative to cash-out refinances at higher rates could save borrowers significantly on monthly payments. The FHFA is currently reviewing the proposal. Home equity levels have surged, offering homeowners substantial reserves. — Fox Business

🏖️ New Regulations for Vacation Rentals: In Riviera Maya, new state laws for vacation rental properties will have accompanying regulations within four months. Manuel Lozano Álvarez, President of APAR, highlighted the importance of these rules and noted mandatory property registration with Returq, which may lead some owners to exit the market. — Riviera Maya News

📈 Home Foreclosures Rise: In May, home foreclosures increased to 32,621 properties due to the cost-of-living crisis, a 3% rise from the previous year, says ATTOM. States like New Jersey, Delaware, and Connecticut saw higher rates. Housing affordability has plummeted, with required incomes for homeownership soaring. High home prices, mortgage rates, and limited supply exacerbate the crisis. — Fox Business

🔄 Home Swapping Trend: Amid high inflation and costly hotel rates, home swapping is surging. Platforms like HomeExchange, Kindred, and ThirdHome report significant growth. Users swap homes for free stays, fostering friendships and unique travel experiences. Despite concerns over property damage, the sector's security measures and vetting processes ensure safe exchanges. — Bloomberg

🏡 Mérida's Growing Appeal: Iván Cervera López, President of AMPI Mérida, highlights Mérida's desirability due to its security, culture, and quality of life. Despite inflation and rising prices, Yucatán's real estate market is booming. Cervera López noted that increased demand, macroeconomic issues, and the Tren Maya project contribute to price hikes. — Yucatan Times

📉 US Home Sales Drop in May: Redfin reports U.S. home sales in May hit a near-decade low due to high mortgage rates and record prices. Median home prices reached $439,716, up 5.1% year-over-year. Sales fell 2.9% from last year, with listings still 20% below pre-pandemic levels. High costs and limited supply are driving bidding wars, says Redfin's Senior Economist Elijah de la Campa. — Reuters

😢 Florida Homeowners Struggle to Sell: More homes in Florida cities like Fort Lauderdale, Tampa, and Jacksonville are staying on the market for over 30 days due to high mortgage rates, record prices, and soaring insurance fees. Redfin reports oversupply and weather-related disruptions are worsening the situation, with 62% of U.S. homes on the market for at least 30 days. — Newsweek

🏢 South Florida Condo Exodus: Condo owners in South Florida are selling their units after facing six-figure special assessments for necessary repairs following stricter safety standards post-Surfside collapse. Condo inventory has surged, and many owners are struggling to find buyers. — Yahoo Finance

🏘️ Best Rentvesting Locations: Austin, Tampa, Nashville, and Raleigh are ideal cities for rentvesting, offering affordable investment properties and high rental demand due to booming industries and attractive lifestyles. Rentvesting allows individuals to live in desirable areas while investing in budget-friendly locations. — Yahoo Finance

😎 10 Proptech Trends in 2024: Digital acceleration is reshaping real estate, with AI, AR, VR, and predictive analytics leading the charge. Key trends include AI-powered predictive analytics, democratized investing, tech-savvy generational shifts, smart management, and 3D home tours. Sustainability and personalized experiences are also driving innovation. — Netguru

💧 Our Lake Arrowhead House as an Airbnb: After 3 years, our Lake Arrowhead house has been a rewarding investment, managed by To Dwell Here. Despite increased competition post-2021, our property remains a cherished getaway. Highlights include a kid-friendly yard, nature access, and excellent management. Rentals remain profitable and enjoyable — Emily Henderson

🏝️ Highest Airbnb Host Earnings: US Airbnb hosts earn an average of $44,235 annually, with top states being Hawaii ($73,247), Tennessee ($67,510), and Arizona ($60,448). City-specific leaders include San Diego ($77,990), Austin ($72,241), and Kissimmee ($70,539). Location and unique properties significantly influence earnings. See the list. — Travel Noire

🧰 STR TOOL & RESOURCES

💰 STR Loan Quote: Use this link to get your STR loan pre-approval letter, get a DSCR loan, STR cash-out refi, or rehab loan.

🧮 Airdna’s Revenue Calculator: Use this link to estimate your earnings potential on any STR homes for sale.

🏘 STR Property Management, get a free STR income report, from pure data that comes from “actual STR rental comps” near you! Discover full service management with Vacasa, the nations largest manager.

⛑ STR Insurance Quote in seconds from Steadily to see how much you can save.