🔥 (19) Turnkey STR Homes for Sale | 6-22-24

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RATE DROP ALERT!

Welcome to this week’s STR scouting report, sponsored by our trusted lending partner Host Financial. Supply is increasing in many markets, and more motivated sellers are entering some markets. Get a rate quote today and pre-approval so you are ready to buy! Right now your window of opportunity to contact STR loan experts who have products and expertise to get your STR loan funded. Get a quote in minutes.

Hello STR Scout Members,

Top of the morning to ya! We are in Ireland right now mapping out details of an exciting new alliance and scouting calendar. We aim to bring you world-class local market STR scouting intel from the best emerging STR properties and markets around the globe!

🔥 In this email:

• Trending STR Homes for Sale: Explore (19) new STR Homes for Sale in (13) STR markets.

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

Thank you for being a valued subscriber and member or our STR investor community.

Best regards,

Andy Thoms
STR Scout

Gorgeous Views with Private Indoor Swimming Pool and Home Theater

🏡 $1.249M | Sevierville, TN: Stunning 6-bed, 6-bath cabin with private indoor pool, home theater, and game room. New decks and roof, projected $200K income. Ideal for luxury living or investment in Black Bear Ridge near Pigeon Forge.

• Spread out over 3 levels, with over 4,600 sqft. of living space, this magnificent cabin boasts 6 bedrooms, 6 bathrooms, a large game room, home theater, private indoor pool and outdoor hot tub.

• New decks and hog wire railing. Roof replaced in February 2024.

• Located in Black Bear Ridge, just minutes from the Pigeon Forge Parkway, you will have access to the resort's outdoor swimming pool.

• Local management companies project gross income of $200K!

View Property Details
STR Agent: Kristi Street
Text or Call: (865)-246-9162

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

Pump House Inn | Super-sized STR Opportunity

🏡 $1.799M | Canadensis, PA: Historic 16-bedroom, 14-bathroom Inn in the Pocono Mountains. Potential as boutique hotel or large-scale STR with flexible zoning. Adjacent to Skytop Lodge, turnkey with upgraded amenities. Ideal for hospitality or residential use.

• Historic Inn in desirable Pocono Mountains vacation area, adjacent to the landmark Skytop Lodge

• Flexible hospitality zoning, approved uses include inn, events, lodging and even residential

• Three Buildings - Each Turnkey - rooms fully furnished, inn fully equipped, significant amount of the property has been upgraded.

• Local management companies project gross income of $200K!

View Property Details
STR Agent: Mark Shay
Text or Call: (610)-357-4648

Book a Call

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

TOGETHER WITH

Host Financial has successfully financed numerous members in our group for STR purchase, refinance, and rehab loans.

Discover their full array of competitive STR loan solutions that will help you achieve your financing goals:

• 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.

You need a trusted STR lender on your team. Get a quote, build a relationship with a trusted STR lending specialist, and explore how their loan solutions can help you achieve your financial goals. It’s fast and easy.

STR CLASSIFIEDS | OFF-MARKET PROPERTIES

$700K | Beech Mountain, NC: Solid 3BR, 2BA home with ski slope views. Recent $100K upgrades, including new kitchen, floors, decks. Earns $50K/yr. Ready for more potential. View Post.

$899K | Fort Myers, FL: 2700 sqft 4BR, 3BA on a private island. No HOA or rental restrictions. New roof, AC, impact windows, and electric. Room for a pool. View Post.

STR CLASSIFIEDS | LISTED PROPERTIES  

$995K | Keystone, CO: 2BR, 2.5BA townhome. Remodeled kitchen, gas fireplace, mountain views. Near ski resort, hot tub, sauna, pool. Potential $80K rental income. View Post.

$704K | Sevierville, TN: Stunning 4BR, 4BA home in Echota community. Open-concept design, spacious kitchen, screened porch, hot tub. Grossed $82K in 2023. Fully furnished. View Post.

$790K | Nashville, TN: Stunning 3BR, 3BA corner unit with skyline views. Sleeps 10, turn-key STR. Features quartz countertops, hardwoods, and tiled bathrooms. Fully furnished. View Post.

$569K | Galveston, TX: 130-year-old historic home, top 5% of homes, guest favorite. STR for 3 years, personal residence for many years. Selling to retire. View Post.

$450K | Red River Gorge, KY: New 3BR, 2BA adventure cabin with hot tub, low expenses, 4WD access. Projected revenue $60K-$90K. No STR permits needed. Ready for furniture. View Post.

$725K | Pigeon Forge, TN: Rare 11-acre property with 3BR, 2BA home. Mountain views, near Dollywood, ideal short-term rental opportunity. View Post.

$950K | Albrightsville, PA: Luxurious 4BR, 3BA chalet in Towamensing Trails, steps from amenities. STR earning $124K in 2023. Sleeps 14+, sold fully furnished. View Post.

$2.05M | Inlet Beach, FL: New luxury 4BR, 5BA home in Treetop Village. Coastal charm, shiplap walls, glass showers, and deeded beach access. Ideal for family retreat or rental investment. View Post.

$99K-$109.9K | Foley, AL: Multiple RV lots for sale. Guaranteed $12K rental income for first year. Cash purchase or owner financing with 1.99% interest rate. Travel reimbursement up to $1K. View Post.

$799K | Fort Lauderdale, FL: Near Lauderdale by the Sea, this prime location property offers potential with $88,789 in 2024 bookings. Updated amenities include impact windows, heated pool, and more. View Post.

$999K | Morganton, GA: Luxury 3 bed, 2.5 bath chalet near Blue Ridge. Modern amenities, 7-seater hot tub, game room, fire pit. $113K gross in 2023. Turnkey with furnishings. Ideal STR or personal retreat. View Post.

$775K | Broken Bow, OK: "It's 5 o'Clock Somewhere" Cabin in Pine Hill West. 4 king beds, 4 baths, STR with wheelchair access, playground, hot tub, and fireplace. Ideal for families. View Post.

$1.59M | Panama City Beach, FL: Waterfront oasis on North Lagoon. Successful Airbnb with 4 beds, 3 baths, pool, dock, and modern upgrades. Private office, 2-car garage, no HOA. View Post.

$384K | Lancaster, OH: Turnkey STR between Columbus & Hocking Hills. New roof, HVAC, windows. Fully remodeled in 2022. Grossed $56K in 2023. Ideal for income & personal use. View Post.

$599K | Tamassee, SC: Lakefront retreat with stunning views of Whitewater Lake and the Blue Ridge Mountains. Fully furnished 5BR, 3BA home with two kitchens, ideal for dual living or investment. View Post.

$525K Each | Nashville, TN: Side-by-side 2BR units at Sky at Fern. Perfect for STR with MUG zoning, skyline views, and near River North development. Fully furnished, vibrant design, minutes from downtown. View Post.

$975K | Wittmann, AZ: Custom-built in 2020, this 2-bed, 2-bath home offers modern comfort on a rural oasis. Features include a fully equipped barn with 9 stalls, shop, tack room, and electric fencing. View Post.

TRENDING NEWS NUGGETS

📉 US Mortgage Rates Decline: The average rate on a 30-year mortgage fell to 6.87%, the lowest since early April, marking the third straight weekly decline, according to Freddie Mac. Rates on 15-year fixed-rate mortgages also eased to 6.13%. Cooling inflation and market expectations of a Fed rate cut contributed to the decline. However, rates are still high, impacting home sales and inventory. — ABC News

🏗️ Housing Starts Hit 4-Year Low: U.S. housing starts dropped 5.5% in May to a 1.28 million annual rate, the lowest since June 2020. Builders face high financing and mortgage costs, leading to reduced construction. Single-family and multi-family starts declined nationwide, except in the West. Building permits also fell, indicating future construction slowdown. The U.S. continues to face a housing shortage of 4.5 million homes. — MarketWatch

🏝️ Maui Vacation Rental Cuts Debate: Mayor Bissen's proposal to reduce 7,000 short-term rentals (STRs) on Maui faces backlash. A study by the Travel Technology Association highlights $2.2 billion in spending by STR guests in 2023, warning of economic harm if the plan proceeds. Critics argue for balanced solutions, while Bissen counters with a forthcoming study for a more favorable analysis. — Hawaii Travel News

🏡 Sellers Get Creative in Slow Housing Market: In a sluggish Canadian housing market, sellers are adopting unconventional tactics to attract buyers. Strategies like reverse offers are being used, especially in the condo market where listings are high but demand is low. Despite a slight interest rate cut, high borrowing costs continue to deter many buyers. Future rate cuts could potentially stimulate the market. — Global News

💲 Short-Term Rentals Boost Revenue for Developers: Multifamily buildings are integrating short-term rentals to enhance cash flow, catering to nomadic tenants and remote workers. Increased interest from developers for such units to attract immediate occupancy and higher returns. Developers like DM Developments see potential for high-paying tenants in flexible, short-term leases, despite rising fixed costs. — The Real Deal

🏠 Housing Market Seeks Fed Rate-Cut Relief: The U.S. housing market struggles with high mortgage rates and inflation, stalling new home construction and permits. Builders face challenges with rates around 7%, waiting for a fall below 6.5% to rebound. Fed Chair Powell stresses lowering inflation to reduce rates. Current homeowner mortgage rates average just under 4%, while new conforming 30-year loans hover around 7%. — TheStreet

✂ Fed Signals Fewer Rate Cuts, Impacting Housing Market: The Federal Reserve maintained interest rates at 5.25%-5.5% on June 12, projecting only one rate cut by year-end due to ongoing inflation concerns. This cautious stance could prolong high borrowing costs for homebuyers, impacting affordability and slowing market recovery. Experts warn that sustained high rates may further discourage new construction and exacerbate the housing shortage. — Benzinga

🧰 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.