🏘️ 14 best short term rental opportunities | June 21, 2023

Upstate NY at $389k and a 42% CoC return

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This upstate house at $389k and 42% CoC return is featured in today's full newsletter. Upgrade and enjoy!

So is this one….

Welcome to your dream lakefront home on Maceday Lake! This stunning 3 bedroom, 3 bathroom property offers 2,750 square feet of living space on a 0.33 acre lot with breathtaking views of the water. Enjoy the spacious and open floor plan with hardwood floors, vaulted ceilings, and ample sunlight from the floor to ceiling windows & skylights. The gourmet kitchen features slate backsplash, stainless steel appliances, and a breakfast bar. The backyard is perfect for entertaining with a large patio and plenty of space for activities! Maceday Lake is an all-sports lake that connects with Lotus Lake for a total of 419 acres of water fun. Maceday Lake is also a designated trout lake that was stocked with rainbow trout, lake trout, and splake in recent years. You can enjoy fishing, boating, swimming, kayaking, and more on this beautiful lake. This home is located in Waterford Township, close to shopping, dining, parks, and schools. You will love living in this peaceful and serene setting with easy access to major highways and the city. Don’t miss this opportunity to own your own slice of paradise on Maceday Lake!

  • $700,000

  • 3 Bedrooms, 3 Bathrooms

  • Average Daily Rate: $401

  • Expected occupancy rate: 61%

  • Monthly expected income: $7,440

  • Monthly expected expenses: $5,724

  • Monthly expected cash flow: $1,717

  • Expected cash on cash return: 11.0%

Enjoy sweeping views of the White River Valley from the privacy of your very own 38 acre, multi cottage, mini "compound". The main residence is a beautifully updated 1920's hunting cabin with 2 bedrooms, a spacious living/dining area with vaulted ceilings, a newly renovated kitchen and 3/4 bath, and a wrap-around deck - ideal for enjoying the stunning views and magical sunsets. The guest house is a charming 1 bedroom, 1 bath space, which includes a kitchen/dining area, and a living room that opens out to an oversized, private deck. The stone patio off the main house is surrounded by beautiful, lush perennial gardens and there are trails right outside your doorstep; enjoy hiking, snow shoeing, or a leisurely walk down to the winding creek. Utilize the guest house as spill-over visitor's space when entertaining, or take advantage of the historically successful rental income that the seller has enjoyed over the years. Located just minutes from the amenities and restaurants that the quaint town of South Royalton has to offer (including the VT Law School), and just 30 minutes to the Dartmouth College/Hanover, NH, area; 25 minutes to the village of Woodstock, VT; and 40 minutes to the state's capital of Montpelier. Showings start this Saturday 6/24/23 from 11am-2pm at the public open house.

  • $449,000

  • 3 Bedrooms, 2 Bathrooms

  • Average Daily Rate: $303

  • Expected occupancy rate: 61%

  • Monthly expected income: $5,622

  • Monthly expected expenses: $3,852

  • Monthly expected cash flow: $1,770

  • Expected cash on cash return: 17.0%

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