🏘️ 10 best short term rental opportunities | October 31, 2023
VT, GA, NH, NC, NC, TN, CO, TN, CO, CA
→ Quick update: About 10 days ago in our Sunday edition, we ran a deal for a turnkey Nashville STR property.
The sellers have asked me to mention an incentive they are offering: they are willing to buy down 2% on a prospective buyer’s mortgage rate in Year 1, and 1% in Year 2.
Contact Steve Frye if you’re interested, 615-500-1175, [email protected].
Are you ready to own a piece of paradise in the heart of the Smoky Mountains? Look no further! This stunning 4-bedroom, 2.5-bathroom A-frame gem with a view in the highly sought-after Chalet Village, Gatlinburg, is not just a home, but a proven overnight rental success story. Chalet Village has long been a coveted destination, and this extraordinary property offers an unparalleled opportunity to call it your own. As you step into this exceptional A-frame home, you'll be struck by the unique architectural design that seamlessly blends with the natural beauty surrounding it. The open, light-filled modern design with new windows offers a sense of space and tranquility, perfectly complementing the serene mountain setting. On the main floor, you'll discover two spacious bedrooms, with two full remodeled bathrooms, providing comfort and convenience. The spacious kitchen comes complete with all the amenities you need to whip up delicious meals for yourself or your guests. Cozy up by the stone fireplace in the open living area, where you can watch the snow fall or simply bask in the warm glow of the fire during cooler mountain evenings. Upstairs in the loft area, two additional bedrooms await, offering space for family and friends. Plus, there's a dedicated area for the kids to play making this mountain retreat the perfect haven for everyone in your family. Step out onto the brand-new, expansive deck and prepare to be awestruck. This is not just a deck, it's a front-row seat to one of the most spectacular mountain vistas you can imagine. Whether you're sipping your morning coffee or hosting a sunset soire, the breathtaking views of Mt. LeConte will be your constant companion. This home is being sold turn-key and fully furnished. Check out this successful overnight rental on Airbnb: https://www.airbnb.com/rooms/51584921?guests=1&adults=1&s=67&unique_share_id=9536ee00-9d86-45a7-af78-a203ac86a03f
4 Bedrooms, 3 Bathrooms
Average Daily Rate: $444
Expected occupancy rate: 65%
Monthly expected income: $8,778
Monthly expected expenses: $6,673
Monthly expected cash flow: $2,106
Expected cash on cash return: 9.8%
Tucked away on the hillsides of the Grand Mesa, this spacious home offers 5,290+ sq ft with 6 bedrooms and 4 bathrooms. It is situated on just over 40 acres comprised of two separate parcels with included water rights, and is adjacent to BLM offering great hunting opportunities. Only 9 miles to Powderhorn Mountain Ski Resort. It's an outdoor enthusiast's dream! Property's "Special Purpose" may allow for additional opportunities, lending itself not only to a residence and horse property, but perhaps a hunting lodge, gathering place for reunions/retreats, or vacation rental as well…no HOA here! Enjoy endless views and spectacular sunsets from the brand NEW windows throughout and from over 1,700 sq ft of low-maintenance, composite decking. The main floor kitchen at the center of this home features (3) ovens and an adjoining butler's pantry/laundry room. The entertainer's kitchen flows comfortably into the great room/dining room, where picture windows capture the property's surrounding natural terrain that descends to the Plateau Valley below. Tall ceilings lined with wood beam accents invite you into the living room. The upper level spacious primary suite boasts its own kitchenette, sizable walk-in closet, and an en suite bath. Also offering potential use as a mother-in-law suite, studio apartment, caretaker's quarters, etc. Tons of flex space in the walkout lower level.
6 Bedrooms, 4 Bathrooms
Average Daily Rate: $533
Expected occupancy rate: 57%
Monthly expected income: $9,241
Monthly expected expenses: $7,089
Monthly expected cash flow: $2,152
Expected cash on cash return: 9.8%
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