🏠 10 best short term rental opportunities | January 20, 2024

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This $375k 3 bedroom is a successful rental when not being used by its owners, located in an STR hotbed. It’s featured in the Pro version of this newsletter.

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Escape the ordinary and embrace tranquility in this rustic cabin overlooking a small community lake. Watch the deer pass by in the mornings or stargaze at night from the wrap around porch. The main level great room centers on a glass fireplace and has cedar wood ceilings with gambrel angles. Abundant light enters from two-stories of windows. Spacious kitchen with island and wet bar. Two bedrooms and laundry closet round out the main floor. The second level has two bedroom suites with attached baths. The main suite features a sitting area with a view of the water. Entertain in the partial finished basement with a media lounge, pool table and room to expand. Nature is accessible via a path that leads to the lake and neighborhood hiking trails. Convenient community amenities - including an olympic sized pool. Minutes to downtown. A wonderful personal residence, second home or short term rental investment. Furnishings included.

  • $615,000

  • 4 Bedrooms, 3 Bathrooms

  • Average Daily Rate: $391

  • Expected occupancy rate: 59%

  • Monthly expected income: $7,017

  • Monthly expected expenses: $4,941

  • Monthly expected cash flow: $2,075

  • Expected cash on cash return: 14.9%

$500k renovation from top to bottom, with a new private pool, this amazing Oceanfront located centrally on the newly re-nourished beaches of Avon offers incredible panoramic views of both the ocean and even glimpses of the sound.  This makes it one of the few homes where the beauty found outside matches what you experience when walking in.    The beautifully decorated living area with new furnishings and luxury vinyl tile provides plenty of comfortable seating with a large embankment of windows allowing visitors to soak up some of the best views of the Atlantic Ocean while in the comfort of your own home.  The well-equipped kitchen with a breakfast bar, new granite counter tops, stainless steel appliances and 2nd refrigerator provide a setting that can handle light hors d'oeuvres or family-size meals in style   Along with a large dining room table, the home provides an alternative sitting area/den. Sliding doors to the oceanfront deck and large picture windows provide even more stunning ocean views and natural light. Dine al fresco while enjoying the sea breezes at the picnic table on the deck.  The extensive updates continue as one visits the more private areas of the house.  More luxury vinyl tile, new bedroom furnishings, paint and custom tile showers makes it clear, no expense was spared in the renovation.  The mid-level offers a king bedroom, 2 queen bedrooms, and a bedroom with 3 twin beds along with the two aforementioned renovated bathrooms.  Upstairs a captains cove loft with full bath and more impressive views from the highest vantage point of the house.  Outside, both sun and covered decks are accessible from most bedrooms and living areas, all with more of those stunning views.  The mid-level shaded deck even features a brand new hot tub.    On the lowest level, you will find the newest update, a custom 12x21 foot pool.  Come and see for yourself, a top of the line oceanfront, in an X flood zone brimming with rental potential for 2023 and beyond.   In fact, with $185K on the books for 2023, all while not being rented for spring due to renovations, Sun Realty is projecting almost $200K with a full open calendar.  Taking a huge step forward, the home currently has $132K in prebookings for 2024 setting the stage for a monster year next season.   See below for over $500K worth of updates to the property.  • New Roof • New siding • New exterior window trims • New facia boards  • New Windows, trims and exterior doors • New framing and walls on the ocean side • New top level deck • New hot tub • New heated swimming pool with a privacy fence • Window treatments • Landscaping  • New Paint • New contemporary light fixtures/Ceiling fans with remote control • New large screen Roku TVs on each room • New furniture throughout • New decor

  • $1,795,000

  • 5 Bedrooms, 4 Bathrooms

  • Average Daily Rate: $719

  • Expected occupancy rate: 63%

  • Monthly expected income: $13,778

  • Monthly expected expenses: $11,509

  • Monthly expected cash flow: $2,268

  • Expected cash on cash return: 5.9%

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