🔥 STR Homes for Sale | Scouting Report

Welcome to this week's STR Scouting Report!

• Trending STR Homes for Sale: STR listings volume is picking up! Explore 21 off-market, active listings, and featured STR deals.

• AirDNA STR 2024 Outlook: A must see for anyone in the business or connected to the STR business.

• Trending Headlines: What you need to be paying attention to in real estate, the economy, and STR industry.

• STR Mortgage Minute: Things are changing again, here is why.

Let’s dive in!

STR Scout Team

Thank you for sharing STR Scout newsletter with your friends and associates. The more we grow the more the STR deals flow! If you were forwarded this email? sign up here

MAGGIE VALLEY, NC | FEATURED STR PROPERTY
Amazing Creekside Mountain Retreat Nestled in The Forest (a must see)

$550k | 3 bed | 2 bath | 1860 sqft

💰 Revenue: Low: $51k | Avg: $81k | High: $94k

• Turnkey with gas fireplace, four decks, garage, and cozy fire pit creating an incredible mountain escape.

• Positioned with a backdrop of nature, this creekfront retreat offers unparalleled privacy for the ultimate guest experience.

• Proximity to Maggie Valley Country Club, Blue Ridge Parkway, downtown Waynesville (super cool mountain town) puts your revenue machine in the perfect location for guests.

Contact Local STR Agent:
Tyler Coon
Cell: 828-620-2541
Website

COLUMBIA FALLS, MT | FEATURED STR PROPERTY
Five Rental Cabins just outside Glacier National Park

$1,975,000 | 10 bed | 5 bath | 2879 sqft

💰 Revenue: Rental projections of $45k per cabin ($225k). Contact John for revenue details.

• 5 cabins plus an unfinished barndominium apartment for addItional revenue growth.

• Amazing mountain retreat with incredible mountain views along the glacier scenic corridor

• Untapped revenue growth potential with owner caretaker quarters, or additional entertainment space.

Contact Local STR Agent:
John Hayes
Cell: 850-375-4113
Website

STR HOMES FOR SALE | TRENDING THIS WEEK

😎  STR FOR SALE BY OWNER (FSBO’S) - Off Market

$515k | Navarre Beach, FL: Income-producing beachside condo. 3 beds, 2 baths, sleeps 9, revenue $45-$50k. View Post

$299k | Sylva, NC: Remodeled farmhouse for sale, must see! 4br, 1ba in Smoky Mtns. Mountain/creek views, 2.01 unrestricted acres. Potential to add cabin or create private homestead. Sold furnished or unfurnished. View Post

$1,180,000 | Hiawassee, GA: Hidden gem on the Hiawassee River! 5br, 3.5ba, lodge style w/20ft living area. Extra kitchen. Mountain and river views, trout fishing. 4200 sqft, potential for more bedrooms. Airbnb 5-star rating. 4 acres on 2 lots, value add expansion possible. View Post

$280k | Long Barn, CA: Charming STR across from ice skating rink, 15 mins from lake and ski resort. Remodeled, fully furnished. Co-host available with maintenance and cleaners. Moving away from STR for now. View Post

$289k | Osage Beach, MO: Lake of the Ozarks gem! Newly remodeled, superhost on Airbnb for 4 years. Amazing sunset views. Tenant in lease until 10/1/24, flexible on new lease. Serious inquiries only. View Post

$950k | Annapolis, MD: Turnkey Airbnb near downtown, bay, Naval Academy. $90k/yr income, minimal effort. Furnished. Owner selling for financial reasons. View Post

$750K | Cape Coral, FL: Active STR on sailboat-access canal, mins to river, no flood insurance needed. Bookings through May. Sold furnished, turnkey. Moving to FL, selling second home. View Post

$375K | Hendersonville, NC: Turnkey STR, 2br 1ba, 950sf modern cabin on 1 acre. Near biking/hiking, Dupont & Pisgah Forests. $37k revenue, new deck, potential for rate increase & hot tub. Cleaners/maintenance in place. View Post

$599K | Navarre Beach, FL: 3br 2ba condo, sleeps 9, fully furnished, recent updates. Balcony with views, pool access, across from beach. $45K-$50K rental projection. HOA includes utilities. View Post

😎  STR ACTIVE LISTINGS

$280k | California Foothills: Charming STR across from ice skating rink, 15 mins from lake and ski resort. Remodeled, fully furnished. Co-host available with maintenance and cleaners. Moving away from STR for now. View Post

$1.599M | Galena, IL: Amazing home with over 4500 sqft on 5.2 acres. Excellent rental history with 156 5-star VRBO reviews. Grossed $153k last year. Currently books for $999-$1199 per night. View Post

$2.688M | Wailea, Maui: Amazing 2-bed/2-bath STR, lock-off nestled in heart of Walea. Self-managed, grossed ~$240k in the first 12 months. View Details

$925k | Indio, CA: Fully furnished 6-bed/4.5-bath STR near Coachella Music Festival. 2,554 Sq Ft. $35k+ future revenue, $130k gross revenue 2023. No HOA = No rental restrictions. View Post

$575k | Charlotte, NC: 2 mi from Uptown, walk to Camp North End. 4 beds, 3.5 baths, 2,322 sqft. Built In 2016. Partial skyline views. View Post

$1.5m | Hot Springs, AR: Lakefront, fully furnished turnkey, highly successful with 5-star reviews. Over $200k gross rents. Rare find, dock/pool on Lake Hamilton. View Post

$767k | Grand Lake, CO: Turnkey 4BR cabin in quiet neighborhood. Lifestyle purchase in the Rockies. Grossed 53k last year. Popular in summer, some winter stays. Upside revenue potential. View Post

$1.1M | Atlanta, GA: Luxury 2016-built for film industry STR. Turnkey with rooftop deck, stunning skyline views, walkable to Inman Park, Beltline, Krog St Market. Perfect for STR/MTR. Flexible management. Desirable location. View Post

$1.2M | Idaho Springs, CO: Renovated 3br 2ba home in Arapahoe Forest, .75 acre. $100k+/yr income. Close to Loveland Ski, Red Rocks, Denver. Furnished, hot tub, Trex deck, new updates. View Post

$1.199M | Hayden, ID: Waterfront, Avondale lake, single-level, 3br 2ba, 2477sqft on 0.76 acres. Fully remodeled, luxury living. $100k price drop! Contact today. View Post

😎 STR MULTI-FAMILY DEAL

$1.69M | Montrose, CO: Proven turnkey STR property near Telluride (1 hr). $125,000+ NOI / 186k gross. 5+ units, multi-family mix, 2-story building. Opportunity Zone tax breaks. View Post

TOGETHER WITH AIRDNA
2024 U.S. Short-Term Rental Outlook Report

The 2024 Outlook Report for the short-term rental (STR) market presents a comprehensive analysis of the industry's performance and future expectations, based on the trends of 2023.

Here's a summary of the key points inside this report:

• 2023 Overview

• 2024 Projections

• Economic Context

• Market Dynamics

NEWS NUGGETS

 🏡 Short-term Rental & Airbnb Headlines

• What does banning short-term rentals really accomplish - Harvard Business Review says, not much.  

• Miami is set up for a surge in Airbnbs. Here is what you need to know.

• Airbnb plans to use AI, including GamePlanner acquistion to create the ultimate concierge - here is how.

• Airbnb sees AI as its ticket to become a sprawling Big Tech giant - here is their vision. 

• Airbnb stock price just skyrocketed, here is what just happened, and what you need to know.

🏠 Real Estate Headlines

• Housing market trends are raising red flags, here is why.

• The hottest U.S housing markets, here is the index comparing the health of the top 50 housing markets.

• Mortgage rates surge again causing buyers to pull back, here is what is causing the surge.

• Wall Street Journal reports Realtors are in crisis mode and home buyers could be the winners, an indepth look at the crisis that will reshape the industry

• Commercial real estate is in BIG trouble and the problems may have major financial fallout and contagian now spreading to many countries

📊 Economic Headlines

• U.S government accountability office issues warning about our nations fiscal health and unsustainable path, here is a chart that paints a grim picture.

• U.S debt is at $34 Trillion (with a “T”) and rising, here are ten reasons why you should pay attention.

• New record! Americans owe a record $1.1 trillion in credit card debt straining budgets and delinquencies surge.

• Japan slips into recession and loses its spot as the worlds third largest economy.

• UK economy falls into recession and why it matters.

DSCR LOAN REPORT presented by HOST FINANCIAL

💵 DSCR STR Loan Rates UNCHANGED from prior week:

• 6.999% for 75% LTV

• 7.375% for 80% LTV

• Floor Rate UNCHANGED at 5.990% 

  • Baseline DSCR STR loan scenario: Assumes 760+ FICO, Purchase, 30 Year Fixed, No Add’l Buydown Points.

🏦 Treasury Yields INCREASED from prior week:

• 3 YR Treasury: 4.444% / +17.04bps (5 Day Change)

• 5 YR Treasury: 4.293% / +15.67bps (5 Day Change)

• **as of 11am EST Friday 2/16/24.

 📰 Trending News That Impacts Mortgage Rates

• January CPI report comes in at 3.1% above expectations of 2.9%

• Retail sales declined 0.80% in January, more than expected.

• March rate cuts by the Federal Reserve likely off the table.

Get a DSCR Mortgage Quote in for Purchase or Refi in Minutes!