🔥 (19) Turnkey STR Homes for Sale | 7-3-24

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This STR scouting report is sponsored by Vacasa. Get your personalized income estimate today to see how much your STR should be earning.

🔥 In this email:

• Trending STR Homes for Sale: This week we have 19 new STR Homes for Sale in 12 STR communities.

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

Best regards,

Andy Thoms
STR Scout

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Strong Cash Flow, 3 years Straight year over year Growth

🏡 $715K | Hot Springs Village, AR: Spacious 6BD, 4BA home, 4011 sqft, excellent revenue potential.

• Out of approximately 400 STR's in Hot Springs Village, we rank in the top 3 in revenue.

• Low taxes, low HOA, and high demand make this a very strong cash flow machine.

• Owner retiring but can help with management or co-hosting.

• 2022 Revenue $84k, 2023 Revenue $88K, 2024 Already surpassed 2023 in bookings. 2024 Projection Nearly $95,000 = $66,000+ net!

View Property Details 
STR Agent: Craig Barnes
Text or Call: (512) 353-4600

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

Upscale Luxury Condo - Minutes to Glacier National Park

🏡 $1.15M | Coram, MT: Upscale 2BD 2BA condo, 1337 sqft.

• Located in one of the most scenic corridors in Montana just 6 minutes to Glacier National Park!

• Built with rustic Log Timbers and upscale finishes throughout to create a level of luxury unseen this close to Glacier!

• Offered fully turn-key! Professionally designed & operated by TOP PERFORMING STR hosts.

• Top Performing 2 Bedroom Condos Average $115k in the area!

View Property Details 
STR Agent: John Hayes
Text or Call: (850) 375-4113
Website

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STR CLASSIFIEDS | OFF-MARKET PROPERTIES

💰 STR Loan Quote: Get an STR loan pre-approval letter, DSCR loan, cash-out refi, or rehab loan in minutes.
🧮 STR Revenue Calculator: Estimate your STR earnings potential on any STR home for sale.

$649K | Ouray, CO: Successful 2BD, 2BA Airbnb with $93K gross in 2023. Riverfront, near hot springs and downtown. New windows, split system, high-end furnishings. View Post.

$240K | Buffalo, NY: 3BD, 2BA home in Eggertsville. Strong rental history, large fenced yard, near UB campuses. Spacious kitchen and family room. View Post.

$1.05M | Santa Rosa Beach, FL: 4BD, 4.5BA townhome across from quiet neighborhood beach access. Includes pools, tennis court, hot tub, sand volleyball. View Post.

$520K | Outer Banks, NC: Standalone condo with rental history, ideal for short-term and seasonal rentals. Low utilities, HOA includes amenities. View Post.

STR CLASSIFIEDS | LISTED PROPERTIES  

💰 STR Loan Quote: Get an STR loan pre-approval letter, DSCR loan, cash-out refi, or rehab loan in minutes.
🧮 STR Revenue Calculator: Estimate your STR earnings potential on any STR home for sale.

$759K | Sevierville, TN: Stunning new 3BD, 3.5BA cabin in Sky Harbor. Features recreation room, large hot tub, wraparound deck, and serene wooded views. Projected annual rents $85K+. View Post.

$1.075M | Blue Ridge, GA: Furnished cabin with mountain views. Open living, chef's kitchen, 4 beds, custom hot tub, generator. Ideal getaway/investment. View Post.

$399K | Jamaica Beach, TX: Remodeled in 2022 with 2-3 bedrooms, screened deck, outdoor amenities, and community pool. Short drive to Galveston. View Post.

$825K | Gulf Shores, AL: Gold fortified turnkey beach house with projected $100K revenue for 2024. Strong rental history. Management option available. View Post.

$315K | Longview, WA: Recently updated 2BD, 1BA home with new floors, drywall, lighting, cabinets, quartz counters, and more. Includes new garage door, appliances. View Post.

$999K | Sevierville, TN: Modern 3BD, 3.5BA new construction in Wears Valley. Features theater room, wraparound deck, and luxury finishes. Ideal for STR or mountain retreat. View Post.

$949K | Galveston, TX: Front row 3BD, 2BA beach house with ocean views, large decks, and spacious kitchen. Fully furnished, remodeled, STR potential. View Post.

$450K | Hustontown, PA: Fully remodeled, fully furnished home. Rents nearly every weekend with excellent housekeeping services. View Post.

$275K | Kissimmee, FL: Turnkey 3BD, 2BA condo near Disney, approved for STR. Fully furnished, updated baths, and amenities including pool and clubhouse. View Post.

$965K | Gatlinburg, TN: Turnkey 4BD, 3BA cabin with stunning mountain views. Strong rental history, $151K in 2023 revenue, high ratings on Airbnb and VRBO. Located in Chalet Village with community amenities. View Post.

$2.2M | Honokaa, HI: Luxurious 5BD, 7BA sanctuary on 5.42 acres with gourmet kitchen, guest quarters, yoga room, and lush landscaping. Ideal for wellness retreats or STR. View Post.

$2.2M | Gatlinburg, TN: Brand new 8BD, 9BA pool lodge near downtown and Smoky Mountains. Projected $300K/year income, professionally furnished, perfect for groups and families. View Post.

$550K | Corpus Christi, TX: Fully functional 4BD, 4BA Airbnb with detached garage/apartment. Price improved, great investment opportunity. View Post.

$850K | Innsbrook, MO: Updated 3BD, 2BA A-Frame with lake views. Includes game loft, private beachfront, hot tub, and all furnishings. Ideal investment with owner financing option. View Post.

$949K | Sevierville, TN: Two cabins on 2.20 acres near Pigeon Forge. Includes hot tub, in-room jacuzzi, park grill, pioneer decor, and peaceful valley views. Fully furnished, ideal for rentals or family retreats. View Post.

TRENDING NEWS NUGGETS

🏝️ Maui's Vacation Rental Crackdown: A proposed policy in Maui County to restrict transient vacation rentals could boost the long-term housing supply by 13%, according to UHERO. This shift may lower condo prices but could reduce property tax revenue and impact tourism. An alternative approach is to increase property tax rates for TVRs. — UH News

⛔ DeSantis Vetoes Vacation Rental Bill: Florida Gov. Ron DeSantis vetoed a bill that would have transferred local vacation rental regulations to the state, maintaining local control. He cited the varied nature of vacation rental markets across Florida as the reason. The controversial bill faced significant opposition from local governments and some conservative lawmakers. — USA Today

🌄 Appalachian Rental Hot Spots: Hocking Hills, OH, and Red River Gorge, KY, saw massive growth in short-term rental demand during the pandemic, with 254% and 216% increases respectively. Despite home prices doubling, they remain profitable for investors due to affordability and high rental demand. Local attractions and proximity to major cities keep these markets thriving. — Realtor

🪓 Lumber Prices Crash: Lumber prices have dropped 75% from their 2021 peak, now at $366 per thousand board feet, due to reduced housing affordability and a renovation slowdown. Increased supply from optimistic pandemic forecasts has worsened the market. Prices may stabilize near current levels through 2024, but potential interest rate cuts could boost demand and prices in 2025. — Fortune

❄ US Home Prices Slow in April: The S&P CoreLogic Case-Shiller Index shows US home prices rose 6.3% year-over-year in April, down from 6.5% in March. San Diego led with a 10.3% increase, followed by New York and Chicago. Mortgage rates dropped slightly in June, but elevated prices and rates reduced May home sales by 0.7% from April and 2.8% year-over-year. — S&P Global

🌐 Innovations Reshaping Real Estate: Real estate investing is evolving with AI, smart-home tech, blockchain, crowdfunding, and the metaverse. AI streamlines property analysis, allowing small investors to compete with large firms. Smart-home tech offers remote management and safety. Blockchain ensures secure transactions, and crowdfunding simplifies investment. The metaverse introduces digital real estate ownership. — Think Realty