🔥 STR Homes for Sale: Scouting Report 6/1/24

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Lakefront Luxury Retreat Prime Investment Opportunity

🏡 $1.3M | Lake Lure, NC: Luxurious 5br 4ba lakefront retreat, 4873sqft with stunning views and direct access to Mirror Lake.

• Revenue projections highlight an average of $126k-$185k for hosts and up to $258k for super hosts. Ideal for large groups, boasting ample overflow space, an indoor pool, and various outdoor activities like fishing, swimming, boating, and hiking.

• Nestled in the serene Riverbend at Lake Lure community, this property is a prime STR investment opportunity.

View Property Details
STR Agent: Tyler Coon
Text or Call: 828-620-2541
Website 
Book a Call

STR Across the Street from the Beach!

🏡 $319,995 | Corpus Christi, TX: Huge value, great price point, on this 1br 1ba condo! 714 sqft and just across the street from the beach! Revenue projections range from $29,300 to $40,000 annually. Features an oasis-style pool with a kids splash area and pirate playground. Comfortably sleeps six with money maker bunk bed alcove. Perfect set up for low entry price and max revenue potential.

View Property Details
STR Agent: Kathleen Miller
Text or Call: 3618158991

STR CLASSIFIEDS | OFF-MARKET PROPERTIES

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

💰 STR Loan Quote: Use this link to get your STR loan pre-approval letter.

$925K | Cedar Creek Lake, TX: 2 brand new 6bd/7.5bth STR homes, each sleeps 18. Fully furnished, appraised over $1M. Projected $160K+ annual revenue. Just an hour south of DFW. View Post.

$899K | Fort Myers, FL: 2700 sqft 4 bed/3 bath home on a private island. Meticulously revamped with a new roof, AC, impact windows, and updated electric, this gem guarantees a hassle-free investment. NO HOA or rental restrictions, allowing full optimization of your investment. Plenty of room for a pool. View Post.

$950K | Pigeon Forge, TN: Two cabins on one lot, just 1 mile to the parkway. Cabin 1: 2/2.5, sleeps 6, 1144 sqft. Cabin 2: 1/1.5, sleeps 4, 980 sqft. Appraised at $1,000,000 a year ago. Generated $130,000 in revenue last year. View Post.

$419K | Oak Hill, WV: Versatile property with 3bd/1 bath house, 1bd cabin, old church/storage, common bathrooms, 5 RV pads with utilities, and 2 tent sites. Commercially zoned B3, ideal for short-term rental business. 10 mins to National Park entrance and downtown Fayetteville. View Post.

$715K | Hot Springs Village, AR: Remodeled 4011 sq ft home with 6 beds, 4 baths, sleeps 16. Strong cash flow with $88k gross revenue last year. Over $80k paid/pending for 2024, with more than $50k ahead for the year. Energy-efficient with low utility bills. Includes huge gameroom. View Post.

$955K | Southwest MI: Fully furnished 4 bed/3.5 bath STR with in-ground heated pool and hot tub. 2023 Gross Income: $118k. 2024 projected Gross Income: $111k. New roof in 2021, many updates, no STR restrictions. View Post.

$425K | Gulf Shores, AL: Newly renovated beachside condo with excellent rental history. Grossing $52k/year. Covered parking for 2. Willing to work with buyer's agent. View Post.

$1.235M | Two Rivers, WI: Stunning beachfront property on Lake Michigan bordering a state forest. 5 bed, 3 bath house licensed for up to 24 guests. Prime location for hiking, biking, X-country skiing, and snowshoeing. Successful Airbnb/VRBO since 2005, generating $100K annually with minimal marketing. Ideal for families and outdoor enthusiasts. View Post.

$489K | Southern Vermont: Fully furnished log cabin, ideal for family vacations or short-term rentals. 3 bedrooms, 2 baths, wood-burning stove. New roof, driveway, and community amenities. Ready for nightly or seasonal rentals. 10 mins to Mount Snow, 20 mins to Stratton Mountain. View Post.

STR CLASSIFIEDS | LISTED PROPERTIES

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

💰 STR Loan Quote: Use this link to get your STR loan pre-approval letter.

$550K | Ellsworth, MI: Welcome to 7 Pines Chalet, a cozy 4bd/2bth chalet with Lake Michigan access. Proven Airbnb with $80K gross in 2023, fully furnished, no STR restrictions. New A/C, water heater, and whole home generator. View Post.

$289K | Myrtle Beach, SC: Furnished end unit with a stunning view of World Tour Golf Course. Suitable for primary residence, second home, or investment property with short-term rentals allowed. Immaculate, well-maintained unit with recent updates including new appliances, HVAC, and furniture. Open concept, double balcony, and close proximity to clubhouse and pool. View Post.

$2.050M | Inlet Beach, FL: "Beach House 30A" is a brand new 4 bed, 4.5 bath home in Treetop Village. Perfect for families or large groups, with bathrooms in every room and luxury features like shiplap walls and marble vanities. Enjoy privacy with preservation wetlands behind and deeded beach access to Seacrest Beach. View Post.

$625K | Glacier, WA: Rare find in Glacier Springs community. Fully furnished single-level 3bd/2ba cabin with recent updates. Perfect for vacation home or short-term rental. Close to Mt Baker Ski Area and outdoor trails. Don't miss out on this mountain retreat! View Post.

$999K | Morganton, GA: Honeysuckle Chalet - a modern, turnkey 3bd/2.5bth rental near Blue Ridge. Includes game room, wet bar, hot tub, fire pit, pool table, and Italian appliances. Fully furnished. 2023 gross: $113K. Cellular internet, satellite TV, septic, and community well. View Post.

$1.49M | Melbourne Beach, FL: Luxury custom-built home steps from ocean access in the exclusive SOFA district. Features 5 beds, 4.5 baths, three master suites, chef's dream kitchen with high-end appliances, fully screened pool, patio, and built-in summer kitchen area. Expansive heated saltwater pool, spa-like master bath, ample storage space, and hurricane-resistant construction. View Post.

$449K | Gatlinburg, TN: Former wedding chapel turned charming honeymoon cabin in Arts and Craft area. Recently renovated, steps from trolley, shops, and cafes. Vacation rental permit ready. Estimated rental income $49-60K. Don't miss this unique property! View Post.

$995K | Galveston, TX: Front Row Beach House! Pristinely remodeled 3/2 home with Gulf views from every window. Newly furnished, sleeps 13, with spacious kitchen, large deck, and neighborhood amenities including restaurant, marina, pool, and boat ramp. Perfect for family getaways or lucrative short-term rental. View Post.

$350K | Killington, VT: 3bd/2bth condo in Mountain Green. Nestled between Killington Golf Course and Future Six Peaks Village. Recently updated with marble countertops, new flooring, updated bathrooms, and electric fireplace. Main building amenities include ski shop, restaurant & bar, sports center, and real estate office. View Post.

$400K | New Braunfels, TX: Waterfront condo on Guadalupe River! Short drive to Schlitterbahn & downtown. Sleeps 7, fully furnished, top floor with 180-degree view. Features 2 beds, 2 baths, elevators, storage unit, 2 pools, 2 hot tubs. Perfect for family adventures or rental income. Don't miss out, schedule a showing today! View Post.

$459K | Pocono Lake, PA: Beautiful 4bd/2bth Pocono Mountain cabin with Scandinavian design. Fully furnished and turn-key, featuring an open floor plan, front deck, fire pit, hot tub, and back deck. Located near lakes with sandy beaches. Averaged $74K annual income over the past 2 years. View Post.

$570K | Lake Arrowhead, CA: Adorable renovated A-frame with LAKE RIGHTS! Serene setting on large lot. Features primary bedroom on main, loft space, heated floors, bidet, plaster kitchen counters, retro appliances. Perfect for short term or vacation rental. Don't miss out on this opportunity! View Post.

$427K | Tampa, FL: High generating STR pool home with value add! Features a 3/1 single family home with two 1/1 units. Extensive 2023 renovations, enclosed patio, laundry room, and 2-car garage. Produced $82,812.91 this past year with potential for $100K+. Fully furnished, 10 minutes from Hard Rock Casino and amphitheater, 15 minutes to downtown Tampa. Financials available. View Post.

$499K | Doniphan, MO: Creekside cabin with loft area and glamping tent on 13 acres in Ripley County's Current River vacation paradise. Highly successful on Airbnb, potential for multiple rental incomes. Storage building and RV cover included. View Post.

$679K | Kimberley, BC: Top floor, corner unit in Chicamon Springs! Open concept living, 2 bedrooms with ensuites, loft bedroom, new countertops, stone fireplace, hot water heating, A/C units. Complex amenities include gym, library, outdoor storage. Strata fees cover utilities. View Post.

$649K | Blue Ridge, GA: Spectacular 4-bed, 3-bath cabin on 2.79 acres with creek. Furnished, stone fireplace, modern kitchen, outdoor fire pit, porch swing. Close to downtown, Lake Blue Ridge, golf club. No HOA, short & long-term rentals allowed. View Post.

$1.999M | Blanco, TX: Morgan Hilltop offers multiple structures with sprawling views. Main residence (2,300 sq ft) exudes rustic elegance and modern comfort. Adjacent Holland House (1,500 sq ft) provides a private guest retreat. Additional cabin & camper offer creative retreats. Potential $1000/night with 70% occupancy. View Post.

$580K | Gatlinburg, TN: Charming cabin in resort community with 3 beds, 2 baths. Rustic interior, stone fireplace, fully-equipped kitchen. Resort amenities include pool, tennis/basketball courts, fitness center. Close to Gatlinburg attractions. Ideal second home or rental property. View Post.

$549K | Black Mountain, NC: Recently updated cabin on 4+ secluded acres. A-frame design with modern comfort and rustic charm. 3 sleeping rooms, stone fireplace, and spacious back deck. Short drive to downtown Black Mountain, Chimney Rock, and Lake Lure. View Post.

$450K | Hendersonville, NC: Beautiful 2 bed, 1 bath home in Historic Hyman Heights. Quiet neighborhood, short walk to downtown and Oklawaha Greenway. 20 min drive to Asheville. Fiber optic internet, new furnishings, super clean. Close to hospitals, breweries, wineries, restaurants. View Post.

$500K | Mountain View, AR: Turnkey Airbnb business with two cabins on 5 acres. Cabin #1: 758 sq ft, 1 bed, loft, 1 bath (sleeps 8). Cabin #2: 576 sq ft, 1 bed, 1 bath (sleeps 6). Each cabin fully furnished, separate septic systems. Located near fishing, hiking, festivals, and more. View Post.

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Don't miss this opportunity to enhance your STR investment strategies and connect with industry peers! Register

RATE WATCH - TOGETHER WITH HOST FINANCIAL

💵 DSCR loans, purchase, refi, or rehab loans. Get a quote.

💸 10 Year Treasury yield INCREASED from prior week to 4.49%.

🏦 Conventional mortgage rate average INCREASED slightly from prior week to 7.89%.

TRENDING NEWS NUGGETS

Airbnb News

🏆 New Airbnb Highlight for Top Homes: Airbnb is introducing a new feature in May to help top listings stand out, known as Guest Favorites. Listings in the top 10% based on ratings, reviews, and reliability will display a gold trophy, a gold Guest Favorites badge, and a ranking label (top 1%, 5%, or 10%). The highlight, visible on the listing page and above reviews, updates regularly and also shows when a listing falls in the bottom 10%. This aims to boost guest confidence by showcasing the best-rated homes. — Airbnb

Real Estate

🚚 Adios, Austin: In PODS' annual moving trends survey, Austin ranks 5th among cities people are leaving in 2024. Factors include a 60% rise in home prices from 2020-2022 due to high demand, slowing job growth, and tech sector layoffs. Meanwhile, cities in the Carolinas and Southern Appalachians are attracting new residents for their lower costs and better quality of life. — Austin American-Statesman

🏠 Home Prices Soar in February Despite Higher Mortgage Rates: The S&P CoreLogic Case-Shiller national home price index recorded a 6.4% year-over-year increase in February, the fastest since November 2022. San Diego led with an 11.4% rise, while Chicago and Detroit saw 8.9% gains. Despite rising mortgage rates, strong demand and tight supply are driving prices up. All 20 cities in the index reported annual price increases, with the Northeast region, including Boston, New York, and Washington, D.C., performing best. — CNBC

🌴 Panama’s Biggest Profit-Making Opportunities: Liz Larroquette, a top real estate executive, highlights Panama’s thriving property market. Investors can find lucrative deals in foreclosed properties and short-term rentals in Panama City. High demand for smaller units, particularly in Costa del Este, caters to multinational executives. Infrastructure projects like a new Metro line, cruise ship terminal, and conference center are set to boost tourism and property values. Additionally, Panama offers a fast-track permanent residency program for real estate investments of $300,000, increasing to $500,000 in October. — Sophia Titley

🌍 Five Reasons to Invest in Panama: Panama's strategic location, connecting two oceans and continents, makes it a global logistics hub, bolstered by the Panama Canal. The robust economy, with 7.5% GDP growth in 2023, offers a stable business environment with free trade zones and dollar-pegged currency. The agricultural sector, a major industry, benefits from diverse landscapes and favorable regulations. The IT sector is growing, supported by the Digital Agenda and increasing internet penetration. Tourism thrives on Panama’s natural beauty and cultural richness, with eco-tourism and events like the new Panama Convention Center driving growth. — ProPanama

🏙️ Home Prices Reach Record Highs: U.S. home prices surged 6.5% year-over-year in March, marking the ninth consecutive month of record highs due to easing mortgage rates and housing supply shortages. San Diego led with an 11.1% increase, followed by New York (9.2%) and Los Angeles (8.8%). Despite trailing previous highs, San Francisco and Seattle showed strong monthly gains. In contrast, Portland and Denver saw the slowest annual growth at around 2.2%. Northeast regions saw significant price increases due to reduced new residential construction. — Forbes

🌪️ Oklahoma Home Insurance Costs Soar: Oklahoma now has the highest home insurance rates in the U.S., averaging nearly $5,500 annually. Rates have surged almost 38% since 2019, driven by severe weather, including tornadoes and powerful storms. In 2024 alone, Oklahoma has experienced 99 tornadoes, far above the annual average of 57. The rising cost of building materials and frequent billion-dollar storms contribute to these increases. Despite recent inflation cooling, insurers are still losing money, spending more on repairs than they earn in premiums. — KFOR

🏠 Buyer Advantage in Housing Market: The U.S. housing market is shifting in favor of buyers, with 30% of listings seeing price drops—the highest in a decade—and a 16% increase in inventory. Compass CEO Robert Reffkin warns sellers about overpricing as high insurance costs and stock market gains influence buyer behavior. The South and Florida, previously hot markets, are experiencing significant price cuts. Redfin CEO Glenn Kelman sees potential improvement later in 2024, contingent on Federal Reserve rate cuts. — Fortune

🌎 Top Countries for Land Investment: Real estate investors recommend looking beyond local markets for high-potential opportunities. Mexico's tourist hubs like Playa del Carmen and Puerto Vallarta offer steady rental income. Costa Rica attracts investors with its tropical allure and low property taxes. Japan, especially Hokkaido, is gaining attention due to favorable exchange rates and rising property prices. Niche investments such as vineyards in Italy and Argentina, and ranches in Mexico and Brazil, present unique opportunities for profitability and cultural enrichment. — Yahoo Finance

🏡 Record High Housing Prices: Housing affordability in the U.S. has hit its worst level in four decades. The median home sale price reached $387,600 for the four weeks ending May 19, with monthly mortgage payments at $2,854. Elevated mortgage rates and a housing shortage contribute to the crisis, exacerbated by sellers reluctant to give up their low pandemic-era mortgage rates. Economists predict mortgage rates will remain high through 2024. Available home supply is down 34.3% from pre-pandemic levels, further straining the market. — FOXBusiness

Economy

⚠️ FED Warns of Rising Delinquency Rates: Austan Goolsbee of the Chicago Federal Reserve highlights increasing consumer delinquencies as a worrying economic indicator. New data reveals a significant rise in delinquency rates, with 3.2% of outstanding debt delinquent by March 2024. Credit card and auto loan delinquencies have surged, indicating financial distress among consumers. The FED suggests factors such as high post-pandemic spending and increased lending to lower credit scores may be contributing. Policymakers are urged to monitor these trends to prevent further economic decline. — Benzinga

📉 US Firms Grow More Pessimistic on Economic Outlook: A Fed survey reveals that while US economic activity expanded from April to mid-May, firms are increasingly pessimistic due to weakening consumer demand and modestly rising inflation. The labor market shows signs of cooling, with slight employment gains and improving labor availability. Retail spending remains flat, and firms are wary of raising prices further. Fed officials are cautious about lowering interest rates, monitoring economic trends closely. — Reuters

💳 Credit Card Debt Struggle: Consumers, especially those in their 20s and 30s, face rising credit card delinquencies, hitting a 14-year high of 10.7% in Q1. Total credit card debt increased to $1.12 trillion. The Federal Reserve's rate hikes and high inflation have made borrowing costlier, impacting consumer spending. A potential economic slowdown could worsen delinquencies and reduce consumer spending, despite a currently strong labor market. — AP News

💼 Private Credit Warnings: Jamie Dimon warns of potential issues in the $1.7 trillion private credit market, especially as retail clients gain access. He emphasized the risks of less liquid products and the industry's vulnerability to bad markets, which could expose weaknesses. JPMorgan Chase is expanding its involvement in private credit, competing with giants like Apollo Global. Concerns are rising with cracks forming in direct lending and Moody's downgrading some direct lending funds. Dimon compared current ratings practices to those seen during the mortgage crisis. — Bloomberg

📉 Rising Unemployment in 21 States Signals Recession: Unemployment has surged in 21 U.S. states over the past year, indicating a potential recession, according to economist Nancy Lazar. These states, contributing over 40% of the U.S. GDP, have seen their three-month average unemployment rates increase by at least 0.5 percentage points. States with significant increases include Rhode Island (+1.40%), Connecticut (+1.13%), and Washington (+0.97%). The "Sahm Rule" suggests such jumps in unemployment typically precede a recession. — Insider

📉 Fed's Kashkari on Rate Cuts: Minneapolis Fed President Neel Kashkari emphasized the need for significant progress on inflation before considering interest rate cuts. He suggested that multiple months of positive inflation data are necessary before dialing back rates. Kashkari also indicated that the Fed might hike rates if inflation doesn't decrease further, noting he previously anticipated two cuts this year but now sees the potential for none if inflation stalls. — Reuters

Travel Trends

🌅 Why Consider a Retirement Home in Mexico: Mexico offers diverse retirement options catering to various tastes, budgets, and medical needs. Luxury living, collaborative housing, and specialized care are prominent features. Notable facilities include Belmont Village in Mexico City with its all-inclusive services and medical care, Le Grand in Huixquilucan emphasizing active living, Gardens of Mazatlán offering ocean views and personalized care, Cielito Lindo in San Miguel de Allende known for its vibrant location and comprehensive care, Edén in Cuernavaca with its holistic approach, and Alicia’s Convalescent Nursing Home in Ajijic, noted for its personalized and homey environment. — Mexico News Daily

🌴 Houston Couple Thrives in Costa Rica on $30K a Year: After Hurricane Harvey destroyed their home, Kema Ward-Hopper and Nicholas Hopper moved to the Nicoya Peninsula, finding greater happiness and a better quality of life. Despite earning six figures in the U.S., they now live comfortably on $30K annually. Lower living costs, a strong sense of community, affordable healthcare, and a healthier lifestyle contribute to their contentment. They enjoy their entrepreneurial pursuits and plan to travel, with destinations like Colombia, Ghana, Tanzania, and Europe on their list. — Yahoo Finance

✈️ American Airlines Adds 8 New International Beach Routes: This winter, American Airlines is expanding its Caribbean and Latin American services with eight new routes, including Miami to La Romana, Dominican Republic. New routes also connect Charlotte, Philadelphia, and New York to destinations like St. Vincent, Barbados, and Costa Rica. Additionally, American is increasing flights on popular routes, such as Charlotte to Antigua and Dallas to the Cayman Islands. These additions bring the carrier to over 2,350 weekly flights to 95 locations in the region. — Afar

🌞 Moving to Portugal: Portugal's warm climate, coastal charm, and low cost of living attract many Americans. To move, U.S. citizens can stay visa-free for 90 days but need permanent residency afterward. Options include the Golden Visa, requiring significant investment, and the D7 Visa for those with passive income. Startup and student visas are also available. Initial moving costs are around €10,000 per person, but living expenses are lower than in the U.S. Portugal offers a thriving job market in various sectors and a welcoming attitude toward migrants. — Apartment Therapy

🌺 Hawaii Visitor Decline: Visitor numbers to Hawaii have dropped, with March 2024 seeing a 5% decrease compared to last year. Factors include high costs, post-wildfire uncertainty, and mixed messaging from officials. Some tourists feel unwelcome due to past calls to limit travel. However, efforts like the "Makaukau Maui" campaign aim to reassure visitors. While some report positive experiences and feeling welcomed, the state continues to grapple with balancing tourism and local sentiment. — SFGATE

MARKET WATCH | INVENTORY | NEW LISTING GROWTH

Top 10 Markets with Fastest Growing Active Real Estate Inventory Year Over Year

Top 10 Markets with Surging New Real Estate Listings Year Over Year