🏘️ 10 best short term rental opportunities | October 7, 2023

PA, NH, NY, NC, MI, NC, CA, CO, OR, CO

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OFF MARKET DEAL:

Heidi’s Chalet

We profiled this home in a Sunday Deep Dive in August. Amazingly, the house is back on the market after being in contract since August because the initial Buyer had financing issues.

Off-market asking price: $495,000

2022 revenue: $130,000

Contact Info: [email protected]

3 Bedroom*, 2.5 Baths

2,500 Sq Ft.

*NOTE: The house technically has 5 real bedrooms, but we rent it as a 3-bedroom to comply with the local township rental ordinance. If the septic system is upgraded with capacity for 2 extra bedrooms, the house could be rented as a 5 bedroom.

STUNNING, SPACIOUS, STYLISH!!!

A rarely available fairytale Cedar Chalet in desirable, STR-friendly Locust Lake Village! The house is a turnkey STR property with $130k annual gross in 2022.

Please reach out directly to [email protected] (the owner) if you are interested.

Nestled in the heart of the Village of Madison sets this beautifully renewed off grid cabin on the banks of the stone-lined Forrest Brook. This offering is for the modern transcendentalist who wants to wake up to the beams of sun cutting through the tree canopy and fall asleep to the babbling brook outside their windows. This 3 season cabin has not only been structurally lifted and salvaged, but has also been tastefully refinished with a new roof and wooden siding--with every last attention given to impeccable detail! The cabin is outfitted with modern day amenities such as portable solar panels and battery pack to power the LED lighting throughout, as well as the mini-fridge in the kitchen, and has room for more! The woodstove can help to take the edge off on those cooler seasonal days and nights and blends in with the outdoor surroundings featuring river stone details around the hearth. When entertaining, you may want to take the good times outdoors to the fire pit overlooking the water and stare up at the starry night skies. Gravel parking has been created out front and access to home is by right-of-way. This cabin is located a short drive to North Conway area, Purity Springs Resort and King Pine Ski Area, close proximity to the Madison Cascades, Goodwin and McNair Conservation Land, and comes with resident access to pristine Silver Lake. While this cabin is perfect in so many ways, it will not qualify for FHA, VA, or USDA financing & will most likely require a cash buyer.

  • $179,000

  • 1 Bedrooms, 1 Bathrooms

  • Average Daily Rate: $199

  • Expected occupancy rate: 64%

  • Monthly expected income: $3,874

  • Monthly expected expenses: $2,283

  • Monthly expected cash flow: $1,591

  • Expected cash on cash return: 33.1%

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