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10 Best STR Finds | November 30, 2024

The Market's Top Short Term Rentals – Yours Before Anyone Else.

Author

Mark Borum
November 30, 2024

With New York City welcoming over 62 million visitors in 2023, the demand for convenient accommodations is skyrocketing. However, stringent short-term rental regulations in the city have left many travelers seeking alternatives just across the river.

Enter Jersey City—a mere 10-minute PATH ride from Manhattan, offering a more flexible environment for short-term rentals with the most stunning view of New York that you could ever dream of. Our featured property is a rare single-family home in Journal Square, boasting four bedrooms, two full bathrooms, and a spacious backyard. Its proximity to the Journal Square PATH Station ensures that guests can enjoy quick access to NYC's attractions without the hassle of city restrictions.

With the upcoming completion of the 3.4-acre Courthouse Park around the corner, this home is poised to attract even more guests seeking a balanced urban-suburban experience. For investors, this property not only offers immediate appeal but also positions you to capitalize on the overflow of tourists seeking accommodations beyond NYC's tightened short-term rental market.

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SELLER RELOCATING!! FYI: THIS HOME CONTRACTED WITHIN 2 WEEKS THE LAST TIME IT SOLD!! DO NOT HESITATE TO CALL AND SCHEDULE APPOINTMENT TO VIEW THIS 5 BEDROOM 3 BATH HOME LOCATED ON 9.5 ACRES WITH WONDERFUL POND FOR FISHING, INGROUND POOL, SCREENED PORCH, 36X40 SHOP/BARN!! MAIN LEVEL OFFERS 3 BEDROOMS, DOWNSTAIRS OFFERS 2 WITH GREAT GAME ROOM!! THIS IS A MUST SEE! PRICED TO MOVE!!

  • Price: $579,000

  • BR/Bath: 5 Bedroom / 6 Bath

  • Sq. Feet: 3,690

  • Avg. Daily Rate: $480

  • Expected Occupancy Rate: 47%

  • Expected Annual Revenue: $82,265

  • Expected Annual Cash Flow: $26,137

  • Expected Cash on Cash: 15.37%

200 Feet of Lake Champlain waterfront at South Bay! This camp (rebuilt in 2017) is the perfect way to experience the beauty of the wild w/ modern amenities. From the cathedral celling of the interior to the oversized deck, experience this natural sanctuary! This view will bring a whole new meaning to ''Eagles Eye'' w/ past Bald Eagle sightings. Launch your boat right from the property & explore the Lake. You might not catch ''Champ'' but with the right lure your ''fish story'' will become a real life experience. The inside of the camp features rustic wood trim throughout w/ an abundance of sunlight. The loft overlooks the open kitchen, dining, & living area, featuring a gas fireplace. Furniture, generator, truck ect. can be included for the right price! Income of $50K on 10 months of STR!

  • Price: $449,900

  • BR/Bath: 3 Bedroom / 1 Bath

  • Sq. Feet: 1,080

  • Avg. Daily Rate: $277

  • Expected Occupancy Rate: 56%

  • Expected Annual Revenue: $56,467

  • Expected Annual Cash Flow: $10,400

  • Expected Cash on Cash: 9.10%

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Buying a short term rental doesn’t need to be complicated. But, with more than 14,000 listings hitting the market every single day, the likelihood of you finding the right home at the right time feels damn near impossible.

You need to find the right location.
With the right unit economics.
And, the right style.

It’s tough.

But, when you do… it’s a game life changer.

The last Airbnb I purchased provides a 16.99% Cash on Cash return with $15,700+ in annual free cash flow after my mortgage and all expenses…

I hope this is a resource that saves you time, so you can make decisions in minutes and avoid missing out on the property that will change your life.

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.