🏘️ 11 best short term rental opportunities | December 8, 2023

VT, NH, VT, NC, PA, VA, OK, ME, AZ, GA, VA

🚀 The Offer Sheet Pro | 🏠 Selling an STR? Hit Reply

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This 2022 built $249k tiny home with beautiful mountain views is featured in the Pro version of this newsletter.

Fondly referred to as "Lil Red", this historic 1849 home was originally the 6th District Schoolhouse! Meticulously renovated in 2014 all while maintaining that classic Vermont charm. High ceilings with beautiful beams, original hardwood floors, and even the wainscoting from the schoolhouse converted into gorgeous sliding bedroom doors - this home has everything you need for a cozy getaway!   The gourmet kitchen, complete with marble countertops, a farmhouse sink with a window, and a gas range serves as the heart of the home, seamlessly transitioning into the cozy living room and dining area with a propane woodstove - a perfect space to unwind in the glow of the fire.   Step outside onto the oversized deck, an extension of the living space, and take in the sites and sounds of Hubbard Brook running through this 4.55 acre lot. The property extends to a level lower yard by the river with trails, creating a riverside retreat with soothing sounds and ample space for outdoor activities. There is an added benefit of backing up to 945 acres of state-owned land.  There is a ground floor bedroom with a 3/4 bath ensuite, and a bedroom with laundry area and full bathroom upstairs - this charming home would be perfect for a vacation getaway, rental investment, or even a permanent residence. It is turn-key ready, being sold furnished and less than ten minutes to I-91, 15 minutes to Ascutney and Woodstock, and <25 minutes to Hanover!   Drop by the open house on Sunday Dec 10 from 9 AM-12 PM

  • $295,000

  • 2 Bedrooms, 2 Bathrooms

  • Average Daily Rate: $266

  • Expected occupancy rate: 66%

  • Monthly expected income: $5,340

  • Monthly expected expenses: $3,182

  • Monthly expected cash flow: $2,158

  • Expected cash on cash return: 29.9%

➡️ In contact with the seller on this one, this home has a long and distinguished history. Contact agent for info / next steps.

➡️ This home is in the heart of the New England “fall change of colors belt”.

➡️ So you get a lot of people driving up from Boston in New York City that want to see the magnificent fall colors.

➡️ All in all it presents a tremendous opportunity for someone to have a vacation home that they can use throughout the year and also make some revenue in four seasons.

➡️ Incidentally, the town is very strict on STR permits. This one made the cut.

➡️ It has a transferable STR licence. In addition, it is inside the zone that allows STR.  Which is called the “residential zoning”.

➡️ Most of the town of Sunapee is in rural residential, which does not allow STR.

➡️ The lake homes in this town go between five and $10 million.

➡️ This house is unique since it is only a quarter of a mile to the lake. You could walk there. So it offers a great affordable entry into an area of extremely high valued homes.

➡️ Unlike a summer only beach town or winter only ski resort, Sunapee has a tremendous summer influx of travelers and in the winter it is home to Vail resorts, Mount Sunapee. The unique thing about this area is it has four seasons of usability.

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