10 Best STR Finds | December 18, 2024

Louisiana’s Cross Lake market is making waves with its growing demand for luxury STRs—and today’s featured listing offers a front-row seat to the action. With vacationers increasingly craving upscale lakefront stays, hosts here are seeing steady bookings and sky-high nightly rates.

Enter this 3,283-square-foot, 3-story masterpiece designed to maximize both guest experience and income potential. From the oversized windows showcasing panoramic water views to the saltwater pool and private boat slip, this home offers an unbeatable combination of elegance and entertainment. Imagine your guests sipping wine on the lakefront deck, jet skiing by day, and unwinding in the spa-inspired master suite by night—it’s like running a boutique resort.

And with low-maintenance landscaping and luxury touches like a chef’s kitchen, this property is built for effortless management and endless appeal. STRs in this area are drawing in families, friend groups, and even corporate retreats, so the earning potential is as expansive as those lake views.

Ready to ride the wave of Cross Lake’s booming rental scene? Dive into this listing and 11 other STR-ready properties in today’s roundup.

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112 Ingersoll Road, Saratoga Springs, NY 12866

Step into this serene and beautifully updated Log Cabin—a perfect place to call home or an incredible income opportunity with a strong short-term rental history. Nestled on 2.42 acres, this 3-bedroom, 1.5-bath property is truly turn-key. Enjoy modern updates, including a new kitchen with LG and Bosch appliances, mini splits, updated electrical, and stylish lighting fixtures & fans. Relax on the charming front or back porch and take in the tranquility. Located just minutes from downtown Saratoga Springs and a quick drive to local lakes. With low taxes and Airbnb rates ranging from $400-700 per night depending on the season, this property is a rare find. Furniture is not included, but is negotiable. Don't miss out on this fantastic opportunity!

• Price: $475,000

• BR/Bath: 3 Bedroom / 2 Bath

• Sq. Feet: 2,016

• Avg. Daily Rate: $306

• Expected Occupancy Rate: 78%

• Expected Annual Revenue: $86,905

• Expected Annual Cash Flow: $32,503

• Expected Cash on Cash: 25.12%

1114 Apperson St, Richmond, VA 23231

|DESIGNER COLLABORATION + Walkable to Top Chef Restaurant + a TOP Brewery!| Location, Location, Location! Get excited bc the same size house would cost another $50-100k more in Churchill (the neighborhood beside it) & Fulton Hill is one of the HOTTEST neighborhoods in the city yet less than 10min from the airport, mins to the River/Canal/Shockoe, incredible public parks/pool just 2 blocks away, Rocketts Landing w/more restaurants along the River, Parks, Bike Trail, & downtown! The architecture on the front/porch is a wow + positioned on this corner lot within a couple blocks from one of the hottest chef owned restaurants, Blue Atlas! Right now the Chef is proudly featuring global menu items from 4 countries and it's some of the best sunset views overlooking the skyline here- you gotta go tour this home/neighborhood and then go grab a bite here or stop by Triple Crossing Brewery- home of the FALCON SMASH! Features many details throughout, nice luxe touches, beautiful mix of fireplace/mantles, built in's, claw foot tub, stunning stone, spacious floor plan, + on a spacious lot! Fenced in rear yard w/double gate opening to make parking, awaits your vision for gardening + entertaining! Near transportation, shopping, entertaining, dining, near interstates, hospitals, + houses of worship! Don't miss out on this one! Notes that help your decision to buy: Seller is negotiable on a couple things: Home can come furnished, or if All Electric or Central Air is preferred- been discussed & grateful to entertain an offer with these items to make this home all the more beneficial and exciting for you to love and make your own! Also, In a time when rents are up, happy to connect to a lender for 100% financing if it will benefit you! Lastly, the floor plan flow is nicely laid out and unique and also could make an awesome Short Term or Mid Term Furnished Rental if you are looking to rent out any rooms or whole home while living abroad or traveling seasons of your life. We love this house for all these reasons!

• Price: $342,800

• BR/Bath: 3 Bedroom / 1 Bath

• Sq. Feet: 1,926

• Avg. Daily Rate: $202

• Expected Occupancy Rate: 64%

• Expected Annual Revenue: $46,980

• Expected Annual Cash Flow: $5,957

• Expected Cash on Cash: 6.07%

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Disclaimer: The information provided on STR Daily is for informational purposes only and should not be considered financial advice. Short-term rental regulations change constantly, so please review local rules and regulations prior to any purchases. Projected cash-on-cash returns are based on a 20% down payment, estimated furnishing costs appropriate for the property size, and anticipated fees. Actual returns may vary. Please run the numbers yourself or consult a financial professional to assess risks and develop a strategy suited to your specific needs.