🔥 STR Homes for Sale - Weekly Hot List 2/24/24

Welcome to this week's STR Scouting Report! This weeks STR Scouting report is brought to you by our property management partner:

Are you getting the most potential revenue out of your STR today?

• Get a personalized income quote today from our preferred tech enabled property manager.

• Explore how to you can more money in today’s market with less effort and hassle.

• Find out what your neighbors are really earning with real local rental revenue comps. Are you leaving money on the table?

Request your personalized STR income quote for your property to see how Vacasa can help you increase your revenue in 2024. There is no obligation to learn if you are leaving money on the table.

In this week's STR Scouting Report:

• STR Showcase: Turnkey portfolio for sale, 15 beach condo units in St. Augustine, FL, with financials.

• STR Homes for Sale: Explore the hottest 31 off-market, agent picks, and STR active listings.

• Maximize Your STR Revenue in 2024: Start with an accurate income analysis, and hassle free management solution.

• News Nuggets: Trending Airbnb news, economic concerns, real estate and mortgage trends.

Come inside!

STR Scout Team

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STR SPOTLIGHT
Exclusive Off-Market Condo Portfolio (15 units) in Prime St. Augustine Beach Locations Priced Below Market Value

Pick your unit(s). Buy one, or buy all. Negotiate a deeper discount if you buy the entire portfolio or multiple units.

High-Yield Beach Condos: Lucrative St. Augustine STR market! 15 turnkey beach condos await, boasting robust occupancy and stellar reviews. Pick your unit(s).

Invest Smart: Below-market pricing documented cap rates from mid 6% to over 8% average cap rates. Full turnkey - furnishings and future bookings included.

Flexibility & Freedom: No rental restrictions, with options to buy individually or the entire portfolio. Don't miss out on proven profits and seamless entry into STR investment.

Exclusive Offer: Secure your spot in a prime location with high demand and consistent revenue. Request financials now for a golden investment opportunity!

Act Fast - To secure the best units!

STR Property List: Request Property Detail List

• $695k | Ocean Villas | 3/3 | $82k Revenue (12%) | Airbnb Listing

• $310k | Ocean Village Club | 1/1 | $33k Revenue (11%) | Airbnb Listing

• $645k | Pier Point South | 2/2.5 | $70k Revenue (11%) | Airbnb Listing

• $285k | Ocean Village Club | 1/1 | $39.6k Revenue (14%) | Airbnb Listing

• $300k | Ocean Village Club | 1/1 | $38.5k Revenue (13%) | Airbnb Listing

• $325k | Beachers Lodge | 1/1 | $46.6 Revenue (14%) | Airbnb Listing

• $285k | Ocean Villas Club | 1/1 | $45k Revenue (16%) | Airbnb Listing

• $325k | Ocean Villas Club | 1/1 | $51k Revenue (16%) | Airbnb Listing

• $750k | Pier Point | 2/2 | $89k Revenue (12%) | Airbnb Listing

• $325k | Ocean Villas Club | 1/1 | $43k Revenue (13%) | Airbnb Listing 

• $325k | Beachers Lodge | 1/1 | $46.3 Revenue (14%) | Airbnb Listing 

• $325k | Beachers Lodge | 1/1 | $44.4 (14%) | Airbnb Listing

• $300k | Ocean Villas Club | 1/1 | $50.4 Revenue (17%)| Airbnb Listing

• $300k | Ocean Villas Club | 1/1 | $37k Revenue (12%)| Airbnb Listing

If you are considering a beach market STR it really does not get much better than this; complete turnkey with future booking potential, below market pricing, documented revenue history, prime beach/tourist destination.

Get all the details and schedule a live video walk through!

📍STR Destination Report | St. Augustine: To learn more about current revenue trends, ADR, and occupancy stats, see our report. 

HOST FINANCIAL
Tap Your STR Equity

Request a quote in as fast as 60 seconds. Find out how much you qualify for in today’s market. $500 processing fee waived for STR Scout subscribers.

STR HOMES FOR SALE | TRENDING THIS WEEK

😎  STR AGENT - FEATURED TOP PICKS

$695K | Maggie Valley, NC: 2br 3ba, 3480sqft creekside mountain rental. $51k-$122k revenue. Near Appalachian Trail, Wolf Laurel golf, Hatley Pointe Ski Resort. Open floor plan, stunning views. View Property Details STR Agent: Tyler Coon
Text or Call: +18286202541
Website 

$849.9K | Kalispell, MT: 4br 3ba, 2052sqft craftsman home. $100k-$140k income. Upscale finishes, community lake, STR-friendly Glacier Ranch. Clubhouse access. View Property Details
STR Agent: John Hayes
Text or Call: +18503754113
Website 

😎  STR FOR SALE BY OWNER - OFF MARKET

$900K | Marco Island, FL: Live since July, booked until mid-May with $92K in rent. 3br 2ba, heated pool, outdoor TVs, bikes, 5min from beach. Turnkey, improvements listed, vendors in place. View Post

$850K | Joshua Tree, CA: Top Airbnb, 100% booked until June 2024, $160K gross expected, $60K future bookings. Includes hot tub, sauna, premium furniture, solar panels. $12K-$15K monthly revenue. View Post

$369,900 | Myrtle Beach, SC: Newly renovated 2/2 lockout with flexibility to max revenue, located in Sand Dunes Resort. Unique with a kitchenette in efficiency side. Fantastic views. View Post

$231,000 | Medicine Park, OK: 3br 2ba home near Wichita mountains. Wraparound porch, stunning views of Mt. Scott. Averages $38,000 revenue for 7 years. Includes all furniture. View Post

$430K | Taft, TN: Dome home, 4br/3.5ba, all bedrooms fit king bed. Listing excludes furnishings/security system (negotiable). 3D tour available. View Post

$379K | Minneapolis, MN: Licensed, furnished STR 4br/2ba, renovated 2018, near coffee shops/restaurants, downtown. 2023 Revenue: $66K. Backyard, garage, turnkey, housekeeper/handyman optional. View Post

Post your STR FSBO.

😎  STR ACTIVE LISTINGS

$725K | Saint Augustine, FL: 2022 custom-built, open-plan, gourmet kitchen, stainless appliances. Master suite, walk-in closet, en-suite bath. Airbnb ready, furniture negotiable. Near downtown. View Post

$699k | Milwaukee, WI: Triplex for Sale. Features a 4BR, 3BR, and 1BR unit, each with 1BA and private laundry. Operated as Airbnbs with recent updates. View Post

$259k to $310k | Destin, FL: Prime investment with 3 units in heart of Destin. High rental potential, 3 pools, tennis/pickleball, lake views. Designed for max returns. Rare opportunity in sought-after complex. View Post

$749.9k | Kissemmee, FL: Luxurious 8br 7ba home in Encore Club, guard-gated community, loaded with amenities. Two primary ensuites, loft, covered lanai, private pool. Near Disney. Schedule a showing. View Post

$349,900 | Crystal Beach, TX: Beach haven in Ocean Shores. Sleeps 10, to max your revenue. Deck, sand shower, picnic area, grill. Fully furnished, your ideal STR vacation rental, value play. View Post

$635K | Sevierville, TN: "Chillin The Most," private cabin, 2br/2ba + loft, near Smoky Mountains. Turn-key, great reviews, updates include new furniture, smart home features, outdoor improvements. Sold furnished, well-maintained. View Post

$639.9K | Seabrook Island, SC: 2br/2ba Island house, <1/4 mile to beach. $80k/yr rental income, >90% occupancy. $37k+ booked for 2024. New roof, Aug. Furnishings included. Ideal turnkey STR. View Post

$529K | Joshua Tree, CA: 2br/2ba, 1,308 sqft on 3.4 ac. Active STR permit, furnished, open-concept, concrete floors, mini-splits, concrete countertops, luxury primary bath, cowboy pool, spa, 2-car garage, near downtown and park. View Post

Post your STR listing.

TOGETHER WITH VACASA
Maximize Your Short-Term Rental Revenue

Concerned about your gross STR revenue trend?

Are you all looking for ways to unlock the your full earning potential in 2024? Your quest to significantly enhance your STR income starts now.

Vacasa’s tech-driven approach to property management is transforming how STR owners increase their earnings. Imagine getting a personalized income (revenue) quote that reflects the true value, and full revenue potential of your property.

Vacasa leverages and uses real local revenue comps, not algorithms, or guesses, to estimate your full income potential.

Why settle for less when you could earn more?

What stands out to me about Vacasa is that they use a massive amount of actual local rental revenue data to show you the real untapped potential of your property. Don’t let 2024 be about working harder but smarter! Learn and leverage resources and tools that can help you generate more STR revenue, with less effort.

Most of us are searching for ways to increase STR revenue today!

Find out how much money you are leaving money on the table. Click now to get your personalized income quote from Vacasa. There's absolutely no obligation, just the potential to unlock earnings you never thought possible.

NEWS NUGGETS

 🏡 Short-term Rental & Airbnb Headlines

• Here is a list of the 14 best vacation rental sites to list your STR to reach travelers in 2024. 

• Airbnb’s new listing verification process favors pro host.

• Sonder to layoff 106 workers - 17% of the corporate staff.

• Airbnb rolls out new city portal features to help governments manage short term rentals.

• The number of Airbnb’s in Puerto Rico has surged. A new report says that’s a problem. 

 👮 Short-term Rental Regulation Watch

• Buncombe county planning board to hold 2 more short-term rental listening sessions and present new plan April 15th

• Fayetteville council panel considers additional criteria for short-term rentals.

• Second reading of Folly Beach short-term rental ordinance leads to new changes

• Saratoga Springs hosts protest new fees as city struggles to balance tourists with new STR rental rules.

🏠 Real Estate Headlines

• Mortgage applications plunge after warning about interest rates.

• Build-to-rent is attracting powerhouse investors. Here’s what’s next for the sector. 

• Home shopping may pay off early as price cuts abound - Zillow January Market Report. 

• Housing starts, sharpest drop since 2020. 

• How real estate crisis could hurt the job market.

• Investor purchases are down 50%!

• When will the housing market crash? A comprehensive look at stats, graphs and revealing trends.

🚑 Trending Economic Headlines

• Global debt hits new all-time record high at $313 Trillion!

• Here is a comprehensive list of 2023 & 2024 tech layoffs. 

• Fed officials expressed caution about lowering rates too quickly.  

• Grant Cardone to team: “Immediately discontinue all underwriting on NYC real estate”.

• Bank of America CEO explains why you should get use to mortgage rates of six to seven percent range. 

• Biden cancels $1.2 Billion in student loan debt.

• Nearly 1 in 4 Americans are putting less money toward credit card payments: “people are really struggling”.

DSCR LOAN REPORT presented by HOST FINANCIAL

💵 DSCR STR Loan Rates INCREASED from prior week:

• 7.125% for 75% LTV

• 7.625% 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: 4.490% / +07.18bps (5 Day Change)

• 5 YR Treasury: 4.337% / +05.58bps (5 Day Change)

• **as of 5.00pm EST Thursday 2/22/24.

📰 In The News 

Summary of FED Meeting Minutes, Key Take Aways:

• FED officials believe rates are “likely at their peak”.

• Most officials note risks of cutting rates too quickly.

• More progress needed towards 2% inflation target before rate cuts can begin.

Get a DSCR STR Loan Quote