🔥 STR Homes for Sale | Scouting Report

Welcome to this week's STR Scouting Report!

• Featured STR Property: Explore our top picks from local experts.

• STR Classifieds: Discover the top 10 trending STR FSBOs, listings, and off-market deals.

• STR Wealth Conference: A great event, insights, connections, and resources from Nashville's premier event.

• Trending Headlines: Dive into the latest news and updates shaping the industry.

• STR Mortgage Minute: Stay informed on rates and economic trends for STR financing.

Let’s dive in!

STR Scout Team

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WAYNESVILLE, NC | FEATURED STR PROPERTY
Exclusive Log Cabin Estate with Pool

$859k | 2 bed | 3 bath | 2990 sqft

💰 Revenue: Low: $48k | Avg: $94k | High: $129k

• Only 10 minutes from the award-winning Main St Waynesville, this log cabin estate offers a perfect blend of tranquility and accessibility.

• Capitalize on expansive interiors and generous living spaces designed for seamless hosting.

• Enjoy year-round recreation and relaxation with the heated pool in the privacy of the property's backyard.

Contact Local STR Agent:
Tyler Coon
Cell: 648-286-0251
Website

WHITEFISH, MT | FEATURED STR PROPERTY
Flathead Valley Home near Glacier National Park & Whitefish Mountain Resort

$825k | 6 bed | 3 bath | 3297 sqft

💰 Revenue: Contact John for revenue details. Revenue projection of $100k.

• Tastefully updated ranch style home in STR-Friendly neighborhood

• Fully updated & guest ready! Spacious accommodation for a large group.

• Enjoy outdoor living in the private backyard with Hot Tub already in place!

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

STR HOMES FOR SALE | TOP 10 CLASSIFIEDS

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

$289k | Osage Beach, MO: Newly remodeled home at Lake of the Ozarks. Superhost on Airbnb for 4 years. Includes large covered dock with stunning sunset views. View Details

$348k | Ormond Beach, FL: 3bdrm, 1bath close to beach. Fully furnished. Grosses around 30K/year. Owned by licensed real estate agent. View Details

$319k | St. Louis, MO: Triplex for Sale. with 2 studios, 1, 2-bedroom all on Airbnb, earning 49-52k/year. Cleaning company included. View Details.

$789k | Panama City Beach, FL: Turnkey 4/3 beach house, 3 min walk to beach. Pool, hot tub, gulf view and $25k in upgrades. Gross revenue $70-$100k View Details

$565k | Wahpeton, IA: Relaxed beach house style home with 80ft lakeshore access to West Lake Okoboji. Private dock, fire pit, patio, bed/sunroom, new furnishings. View Details

😎  STR LISTINGS

$164.9k | Fort Myers, FL: Entry level price, meticulously maintained 1 bed, 1 bath condo. Furniture available. Ideal for year-round living or investment. No rental restrictions. Close to amenities. View Details

$660k | Buffalo, MI: Successful STR in popular beach town, 1 hr from Chicago. Sleeps 12, $80-100k yearly rental income. $40k+ bookings for 2024. Grandfathered permit included. View Details

$579.9k | Pigeon Forge, TN: Unique 2-bed cabin loaded with upgrades, hot tub, & loft. Flexible property management. Large flat driveway. View Details

$495k | Almond, NC: Stunning log cabin for sale! Short Term Rental with hot tub & mountain views. Fully furnished, gated community, paved road, gas log fireplace, covered porch, fire pit, extra lot & septic tank. View Details

$1.125M | Colorado Rocky Mountains: Licensed STR generating $100k++/year. Turnkey package incl. furnishings, marketing stack. Sleeps 8. Big mountain views, low utilities. Near ski, DIA, RedRocks Ampitheatre. View Details

SPONSORED BY
STR Refinance Solutions

Did you start your STR journey with a bridge or hard money loan? Is it time to refinance your rental? An investor-friendly DSCR loan refinance from our partner Host Financial could be the perfect solution for you!

Why a DSCR  Refinance?

It allows you to get the most out of your property with:

• 80% LTV: Leverage the true value of your property.

• Max Equity: Tap into current appraised value with NO seasoning for Rate-Term Refinances.

• Easy Transitions: For cash-out refinances, only a 6-month seasoning required.

Other DSCR+ Advantages (including for new rental purchases)

• Flexible Loan Amounts: From $100K up to $3.5M (or even higher).

• No Personal Income Required: Loan is based on your STR revenue generated by the property.

• 15% Down Payment: For new home purchases.

• Lots of Flexibility: Works with cabins, condos, properties with 20+ acres and diverse titling options (LLC, S-Cord, C-Corp, etc).

If you are considering refinance or purchase, reach out to our Host Financial partners. Use code SCOUT500 to waive $500 processing fee when moving into underwriting.

CONFERENCES & EVENTS

🌟 Unforgettable Experience at The STR Wealth Conference in Nashville, TN 🌟

Attending The STR Wealth Conference in Nashville, TN, this week was a truly enriching experience. Bill Faeth, Michael Sjogren, and their team put on one great event.

The conference took place at the Music City Center, right in the heart of Nashville—an incredible event center and location.

Each day was power-packed with sessions and presentations from industry titans and influencers. The expo floor featured all the STR resource providers and connections you need to successfully start, grow, manage, and scale a successful STR business. The event was a vibrant hub of knowledge, inspiration, and networking.

The evenings were a blast, with the best live music in America within walking distance. It was fantastic to meet and get to know so many of our STR Homes for Sale group members and STR Scout newsletter subscribers who attended!

But it wasn't just about networking; the conference offered invaluable insights and education to help elevate your STR business. I will be sharing some of these cool resources and connections in future letters.

Overall, Bill and Mike’s STR Wealth Conference expo is a must-attend event for everything you need to successfully launch, grow, scale, manage, and optimize your STR business.

Stay tuned for early-bird pricing to attend the next STR Wealth Conference event—you won't want to miss it.

Thank you, Bill & Mike!

STR NEWS NUGGETS
🔥 Trending STR News Headlines

• Short-term rentals are poised for a post pandemic comeback according to NAR.

• Las Vegas is forecasting the highest hotel ADR in Super Bowl history

• Thematic short-term rentals play a big role in landing large events in Indy

• STR commentary on benchmarking 2023 U.S. hotel performance in Top 25 STR urban markets

• STR and tourism economic projections in first U.S. hotel Forecast of 2024 (ADR, Occupancy, RevPAR trends and 2024 compared to 2019) 

• Mortgage delinquencies increase in Q4 2023, here is what you need to know 

• U.S home insights for February 2024 and top markets at risk for home decline

• U.S housing market interface tools and resources to help you analyze real estate and economic trends

• PropTech and real estate, are they counter-cyclical?

• Optean’s and AirDNA’s innovative tool revolutionizes how non QM lenders assess STR property values

DSCR LOAN REPORT presented by HOST FINANCIAL

💵 DSCR STR Loan Rates INCREASED 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: 4.237% / +25.43bps (5 Day Change)

• 5 YR Treasury: 4.114% / +29.92bps (5 Day Change)

• **as of 01.30pm EST Thursday 2/8/24.

 📰 In The News 

• Conventional 30 Year Fixed Rate mortgages tick back up above 7%.

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