🏠 12 best short term rental opportunities | February 24, 2024

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Attention investors. The Catawba Falls Lodge has been one of the most successful vacation rental properties in the area for the past 10+ years. Year after year 6 figure plus gross rental income history. This private custom log home is in the gated community of Catawba Falls Preserve with stunning mountain views and miles of hiking trails into the Pisgah National Forest. The lot is located at the end of a cul de sac and offers private long range views of the Blue Ridge Mountains with beautiful sunrises. All furnishings and future rentals included in the sale for a true turnkey vacation rental property located just 15-20 minutes to the town of Black Mountain and 30-35 minutes to Asheville. Great property for a full time residence, second home, or income producing short term rental property.

  • $1,099,500

  • 4 Bedrooms, 5 Bathrooms

  • Average Daily Rate: $529

  • Expected occupancy rate: 62%

  • Monthly expected income: $9,976

  • Monthly expected expenses: $7,863

  • Monthly expected cash flow: $2,113

  • Expected cash on cash return: 8.8%

Welcome to The Kitfox House, your dream designer desert escape on 5 fenced acres with pool and jaw dropping panoramic views to Goat Mountain and beyond. Current owners remodeled the house - with premium upgrades and new kitchen and baths - and added a sparkling private pool - to create the ultimate vacation getaway. House is in move-in condition and ready for your friends and family or for use as short term rental. With 4 full bedrooms - one detached from the house and usable as an art studio, media room, work from home, yoga room, you name it - and 2 full baths, this outstanding property provides unparalleled privacy, mind-blowing sunsets, big starry skies at night, and multiple outdoor spaces for intimate dinners or large scale gatherings. Minutes to Pioneertown, La Copine and everything you love about Joshua Tree. There is ample parking for many cars, and an additional gate in the rear of the property for access.  Shown by appointment to pre approved buyers only.

  • $975,000

  • 4 Bedrooms, 2 Bathrooms

  • Average Daily Rate: $561

  • Expected occupancy rate: 56%

  • Monthly expected income: $9,556

  • Monthly expected expenses: $7,338

  • Monthly expected cash flow: $2,217

  • Expected cash on cash return: 10.4%

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