🏘️ 13 best short term rental opportunities | September 30, 2023

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Invest in the company that won over the Dragons

The pioneer in smart-doorbell technology, RING, pitched their business on the hit show Shark Tank at a valuation of just $7 million — the sharks shut them down.

→ 5 years later, the company sold to Amazon for more than $1 Billion. Turning the 10% stake initially offered to the sharks from $700K into $100M!

 A similar story is brewing in the Smart Shades segment of the industry, with a company called RYSE pitching on the Canadian version of Shark Tank called Dragon’s Den.

→ The difference? They received two offers and have an addressable market that could be significantly larger than that of RING’s. The Dragon’s believe that RYSE has the products, technology, and the team to become the market leader for Smart Shades.

The hallmark of all successful smart home products is their ability to launch into retail, and RYSE’s recent deal with Best Buy has put them miles ahead of the competition.

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While experimental in nature at the time during their inception in the 1920s, Geodesic dome architecture would go on to become a beloved and rare style of home, creating an incredibly unique experience for those inhabiting within them. 54640 Lookout Road is just that, and seamlessly weaves itself into the surrounding lush Idyllwild mountainous backdrop. In this 1986 built spherical structure, a creative use of multi-shaped skylights bring a wave of natural light into the main spaces, and a scenic view of the sunsets in the evenings and stars at night. Quiet and secluded, the property offers a unique mountain experience mixed with modern amenities, original warm panelling and stylish, sharp design. A recently revamped kitchen features polished concrete counter tops and stainless steel appliances. Additional newer upgrades include cork flooring, a new hot tub, new water heater, new washer / dryer and new guest house roof. Walkable to Downtown and hiking trails. An ideal vacation home or primary residence in one of the most desirable locations in Idyllwild.

  • $595,000

  • 3 Bedrooms, 2 Bathrooms

  • Average Daily Rate: $401

  • Expected occupancy rate: 55%

  • Monthly expected income: $6,708

  • Monthly expected expenses: $4,720

  • Monthly expected cash flow: $1,989

  • Expected cash on cash return: 14.8%

Your own private lake house!! 2+acres with a pond in Apex! Everything about this property is an oasis. The outside boasts over 2 sprawling acres (that could even host horses), an expansive deck, jacuzzi, fire pit & personal gazebo. The best part is the dock & pond; bring your paddleboard or just sit back, relax & enjoy views. Kitchen is a chef's dream: upgraded appliances, 4 ovens (2 wall & 2 in stove), double dishwasher, double sinks & a 60" Wolf gas range. Vaulted ceilings plus skylights make this home feel bright & airy, while the post & beam walls give it the warm and cozy feel. Some of the other features include (but not limited to), Metal Roof (40 yr warranty) newer HVAC, crawl-space encapsulated, new Marvin windows in majority of the home, and renovated bathrooms. Be sure to visit the finished workspace with separate HVAC unit off the garage. Sellers currently use it as a wine room! Don't miss the solar panel system installed reducing electricity costs ~ 30-50% depending on time of year!! This home truly does have it all seclusion, privacy, views & still convenient to shops & RTP!

  • $915,000

  • 3 Bedrooms, 3 Bathrooms

  • Average Daily Rate: $477

  • Expected occupancy rate: 60%

  • Monthly expected income: $8,705

  • Monthly expected expenses: $6,589

  • Monthly expected cash flow: $2,117

  • Expected cash on cash return: 10.5%

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