🏠 12 best short term rental opportunities | January 27, 2024
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Year-round fully insulated cabin with 3 bedrooms, 2 bathrooms, and saltwater frontage in a tranquil Midcoast location! This ''woods & water'' home has even more potential to offer, with an unfinished walkout basement and detached 2 car garage with unfinished 2nd floor space, on nearly an acre of private land in West Bath. The home & property conveys fully furnished, fully stocked, and with all outdoor supplies included (kayaks and all). Over $100k in improvements has gone into this home, including brand new systems, utilities, and appliances, to provide owners and guests with the creature comforts of home. This is truly a turnkey 2nd home or investment opportunity. When not enjoying yourself, 'The Cove House' can generate income and is listed on VRBO with 5 bookings already on the 2024 calendar that can also be conveyed, if desired.
$950,000
3 Bedrooms, 2 Bathrooms
Average Daily Rate: $486
Expected occupancy rate: 60%
Monthly expected income: $8,870
Monthly expected expenses: $6,762
Monthly expected cash flow: $2,107
Expected cash on cash return: 10.1%

Stunning double dome home, completely refinished from top to bottom! Every inch of this place has been touched in some way. This truly one of a kind home is tied together in a modern-rustic style. Nestled away on 3.67 acre property at end of quiet cul-de-sac. This better-than new house boasts incredible finishes under sky high ceilings. Smaller dome is perfect for in-law suite, entertaining area, or even
lease it out. Larger dome hosts the main living areas, including a chef's dream kitchen w/ stainless appliances, soft close cabinets, custom countertops, & breakfast bar. Main level bed has his/hers closets. Stone fireplace. Limitless options with loft that overlooks the main floor. Exercise studio & huge family room in lower level. Huge wrap-around deck, ideal for gatherings. Reside in the home or turn into a phenomenal vacation rental. New HVAC/Utilities/Siding/Lighting/Carpet/Flooring/and so much more. This might be best house on the market! Renovation details in supplements.
$624,900
3 Bedrooms, 4 Bathrooms
Average Daily Rate: $394
Expected occupancy rate: 61%
Monthly expected income: $7,310
Monthly expected expenses: $5,234
Monthly expected cash flow: $2,077
Expected cash on cash return: 14.7%
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