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  • 12 Best STR Finds | November 20, 2024

12 Best STR Finds | November 20, 2024

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

Author

Mark Borum
November 20, 2024

Kentucky is bourbon country, and with the Bourbon Trail attracting 2 million visitors annually, the state’s tourism industry is sipping on some serious growth. Travelers flock here not just for whiskey tastings, but for the charm, history, and small-town hospitality that make Kentucky a bucket-list destination.

Enter today’s featured listing: a charming brick ranch just a short drive from the heart of Bourbon Trail territory. With three bedrooms, two baths, and a cozy wood-burning fireplace, this home is perfect for families or small groups exploring the region. Add in the massive private backyard (ideal for post-tour bourbon sipping under the stars) and a fresh HVAC system to keep things comfy, and you’ve got a setup tailor-made for STR success.

Convenience is king here, too—close to interstates, shops, and restaurants, it’s an easy pick for travelers who want comfort, charm, and proximity to the trail’s biggest draws. With Kentucky’s STR demand seeing a steady increase, a lower out of pocket purchase price, and a 16.24% expected cash on cash return, this is might just be the Pappy Van Winkle of investment properties.

Ready to tap into the Bourbon Trail boom? This property and 10 more can be found in today’s lineup of investment-worthy finds!

This Beautiful All Brick Ranch Home Features 3 Bedrooms, 2 Full Bath, Formal Living Room, Dining Room, Great Room With Wood Burning Fireplace,New HVAC in 2022 and new appliances in Kitchen! This Home Is Situated On A Huge Fenced-In Private Back Yard with a beautiful garden. Conveniently Located Near Interstate, Shopping, Restaurants, Etc.Schedule your showing today!

  • Price: $249,900

  • BR/Bath: 3 Bedroom / 2 Bath

  • Sq. Feet: 1,650

  • Avg. Daily Rate: $243

  • Expected Occupancy Rate: 50%

  • Expected Annual Revenue: $44,754

  • Expected Annual Cash Flow: $12,013

  • Expected Cash on Cash: 16.24%

Nestled on 6 serene woodland acres, this house harmoniously blends into its natural surroundings, with a rare in-town location walking distance from the Faribault Golf Club where one can enjoy golf, swimming, dining and social activities, and it’s only minutes from I35. This property is truly a gem. This home features a mix of natural materials, rich finishes, and an artistic design, giving it a warm and earthy charm. Large & ample windows seamlessly connect the interior with the lush, wooded landscape outside. A spacious deck extends from the living area, perfect for outdoor dining and relaxation while overlooking a backyard that feels like an extension of the forest. Inside, the open-plan living space is just large enough to blend comfort with cozy. The kitchen is both stylish and functional and peaks into a charming dining or sitting area creating the perfect spot to enjoy your morning coffee while watching the deer and birds that frequently visit the property. The home showcases a grand staircase with a modern flair, adding a touch of contemporary elegance. The upper level primary bedroom is a serene retreat. It features a luxurious en-suite bathroom with a soaking tub, allowing a space for relaxing and refreshing just off the massive walk-in closet.

The lower level features an additional kitchen ideal for out-of-town guests to enjoy their own space…this home is full of unique details with a variety of options for meeting the needs of its lucky owner.

Enjoy the changing seasons in the huge screen porch out front, or step outside to the deck and patio for outdoor gatherings. Kids and the young at heart will love the charming treehouse tucked among the trees with a zipline for extra adventure. This property is a nature lover's paradise. Don’t miss your chance to make it yours—schedule your today!

  • Price: $649,000

  • BR/Bath: 5 Bedroom / 3 Bath

  • Sq. Feet: 2,416

  • Avg. Daily Rate: $491

  • Expected Occupancy Rate: 50%

  • Expected Annual Revenue: $90,752

  • Expected Annual Cash Flow: $29,608

  • Expected Cash on Cash: 17.07%

Tucked away in the mountains between Abingdon and Alvarado, this charming cottage boasts expansive scenic views. It's a stone's throw from the Virginia Creeper Trail, Appalachian Trail, and Abingdon Vineyards, making it ideal for primary residence, a second home, or as a rental property. The interior features freshly painted kitchen cabinets and rooms, updated lighting, and modernized bathrooms. The great room is open, bright, and hosts a gas log stone fireplace. Bedrooms offer ample closet space, and one includes a balcony to enjoy the panoramic views. Additional perks include a covered back porch, a fenced backyard, and ample deck and garden areas. Newly installed Cherokee outbuildings provide generous storage options, with the larger one fully insulated, equipped with electricity and 2 loft spaces, and the smaller with solar lighting. These were recent additions by the current owner. The home also features several ceiling fans, durable flooring, and a spacious laundry room. Contact us for a private tour.

  • Price: $289,900

  • BR/Bath: 3 Bedroom / 2 Bath

  • Sq. Feet: 1,326

  • Avg. Daily Rate: $215

  • Expected Occupancy Rate: 60%

  • Expected Annual Revenue: $43,443

  • Expected Annual Cash Flow: $8,329

  • Expected Cash on Cash: 10.42%

This new construction is a masterpiece of modern beach luxury. As you step through the front door, you are greeted by an airy, open living space that seamlessly blends contemporary elegance with coastal charm. The home features 4 bedrooms with king size beds and the 5th bedroom features custom built in bunk beds - making this the perfect vacation rental! The heart of the home is its expansive gourmet kitchen, fully equipped with high-end stainless-steel appliances, where families can cook up a storm and share meals in the large dining area. Splash in the heated pool or unwind in the jacuzzi. The outdoor grill awaits your family BBQs, and as the day turns to dusk, the fire pit becomes the perfect spot for roasting marshmallows under the evening stars.

  • Price: $2,000,000

  • BR/Bath: 5 Bedroom / 6 Bath

  • Sq. Feet: 3,144

  • Avg. Daily Rate: $878

  • Expected Occupancy Rate: 60%

  • Expected Annual Revenue: $193,378

  • Expected Annual Cash Flow: $40,334

  • Expected Cash on Cash: 8.21%

Fall in love with this updated 4-bedroom, 2.5-bathroom 2 story homeg. Every detail of this home has been thoughtfully upgraded, featuring new flooring throughout, a completely remodeled kitchen with stunning granite countertops, and newly renovated bathrooms. The central heating and air conditioning is new along with, plumbing, electrical systems, and a brand-new roof! The main floor boasts a master suite and the home features beautiful woodwork with an open wood staircase leading to the upper level. Start your mornings on the large covered front porch, the perfect spot for sipping your coffee and enjoying the neighborhood. The full basement provides endless storage opportunities. This home is ready to welcome you with its blend of classic charm and modern conveniences

  • Price: $225,000

  • BR/Bath: 4 Bedroom / 3 Bath

  • Sq. Feet: 2,278

  • Avg. Daily Rate: $204

  • Expected Occupancy Rate: 50%

  • Expected Annual Revenue: $39,831

  • Expected Annual Cash Flow: $9,027

  • Expected Cash on Cash: 12.11%

Discover your private coastal retreat in Pacific City, built by Kalen Development. Located in an exclusive beachfront gated community, this 3,200+ sq ft homeoffers privacy and convenience, with a trail to the beach and proximity to Pelican Brewing. The open-concept design features a gourmet kitchen, spacious livingareas with custom built-ins, and a covered deck with a private hot tub off the primary suite. Upstairs, four bedrooms each have an ensuite bathroom. Also enjoy2 car garage, AC + central vac!

  • Price: $1,599,000

  • BR/Bath: 5 Bedroom / 6 Bath

  • Sq. Feet: 3,208

  • Avg. Daily Rate: $793

  • Expected Occupancy Rate: 60%

  • Expected Annual Revenue: $170,479

  • Expected Annual Cash Flow: $44,108

  • Expected Cash on Cash: 11.03%

This STUNNING rustic one-owner cabin sitting on 23 acres offers 3 bedrooms 2 baths with separate master. Beautiful maple hardwood floors through out. Kitchen has custom hickory cabinets and dining room opens up to a screened in covered deck with a view. The living room gives off all the warmth with a stone fireplace with gas insert. Head down to the walkout basement with expanded living space for entertaining or great potential for in-law quarters. Enjoy the new covered patio while over looking the finished 40x60 Building. This pole barn is a car enthusiast or hobbyists dream! Heated & cooled with a mini split & has a separate 400 amp service. The mechanics lift is negotiable. Rather you enjoy walking, hunting or riding you will appreciate the freshly cleared trails through the back property and don't forget fishing in the stocked pond. The back parcel has an approved soil test on file for future builds. Home also has a Central Boiler CL6048 that heats the home, water & assists the pole barn when needed. This one is a true treasure that the original owners have meticulously maintained. A few updates include... Freshly painted exterior, paved driveway, new concrete sidewalk, patio, deck stairs, landscaping, seeded yard, gutters and leaf guards. See attachments for complete list.

  • Price: $850,000

  • BR/Bath: 3 Bedroom / 2 Bath

  • Sq. Feet: 2,592

  • Avg. Daily Rate: $432

  • Expected Occupancy Rate: 60%

  • Expected Annual Revenue: $100,466

  • Expected Annual Cash Flow: $26,094

  • Expected Cash on Cash: 11.78%

RENTAL INCOME OF $177,702 10/23-09/2024 and $215,076 in 2023. Explore this mountain estate nestled in Wears Valley, set on a private, gated 0.78 acres with breathtaking views of the Great Smoky Mountains. Currently operated as a 6-bedroom, 6.5-bath mountain retreat. This property (~3370 sq.ft) features a main cabin with 5 Bedrooms and 5.5 baths, along with a game room. The 6th bedroom is a detached private suite that includes a spacious theater room downstairs (~ 1352 sq.ft). As you enter the open-concept living area, you'll be captivated by the abundance of natural light and a wall of glass windows that frame the spectacular mountain vistas. The interior boasts gleaming hardwood floors and a grand 30-foot stone fireplace, creating an impressive atmosphere for gatherings. The gourmet kitchen is featuring modern appliances, granite countertops, and a large island perfect for entertaining. On the main floor, you'll find a luxurious KING SIZE SUITE with its own private bathroom, as well as a convenient half bath. Upstairs, two additional KING SIZE SUITES offer mountain views. The lower level is designed for fun, featuring a game room equipped with a pool table, game table, and arcade games, plus two more bedrooms: a 4th KING SIZE SUITE and a 5TH BEDROOM with bunk beds. The DETACHED KING SIZE STUDIO APPARTMENT is an ideal retreat, complete with its own bathroom, living area with a sleeper sofa, kitchenette, and private balcony—perfect for those seeking extra privacy. Additionally, the suite boasts a spacious theater room for cozy movie nights. Outdoors, the property offers a lovely lawn with a playground and fire pit for outdoor fun. Relax on one of the two decks: the screened-in lower deck features a bubbling hot tub and seating area overlooking the mountains, while the covered upper deck is perfect for outdoor dining. Situated 2,400 feet above sea level in the Millers Creek community at the foot of Cove Mountain, this retreat is conveniently located just ~20 minutes from the main Parkway in Pigeon Forge and ~13 minutes from the entrance to Great Smoky Mountain National Park via Line Springs Road. Enjoy the ease of paved roads leading directly to the property. Owners keep property maintained: new screened in porch and railings for the bottom deck at the main cabins, outside firepit area added, decks and stairs stained in 2023, new water heater in 2023, previous repairs included replacing HVAC, water filtration system, adding a movie theater, adding a kitchenette in studio style bedroom, replaced appliances, furniture, cabin stained, interior renovations etc.* drone photography was used.

  • Price: $1,449,000

  • BR/Bath: 4 Bedroom / 7 Bath

  • Sq. Feet: 4,722

  • Avg. Daily Rate: $706

  • Expected Occupancy Rate: 60%

  • Expected Annual Revenue: $144,694

  • Expected Annual Cash Flow: $29,678

  • Expected Cash on Cash: 7.80%

Great condition single story single family home with 3 bedrooms and 2 baths located in the desirable northern area of Desert Hot Springs. Great get-away home with amazing mountain/hill views with good size front and back yards. 2 car attached garage with laundry hookups. Recently remodeled in 2019 with all newer windows, AC, gourmet kitchen, stainless steel appliances, and both bathrooms with custom tile throughout. Property has laminate flooring, recessed lighting, ceiling fans, outdoor dip pool, central AC/Heat, fake grass for mini golf course and fire pit, and many other upgrades. This home can be used as Airbnb home with City Short Term Rental Permit or use it as a second vacation home! Unlike other properties nearby with high HOA fees, this property has 0 HOA Fees!

  • Price: $418,000

  • BR/Bath: 3 Bedroom / 2 Bath

  • Sq. Feet: 1,134

  • Avg. Daily Rate: $354

  • Expected Occupancy Rate: 50%

  • Expected Annual Revenue: $68,030

  • Expected Annual Cash Flow: $23,014

  • Expected Cash on Cash: 21.41%

Step into this beautifully renovated gem, originally built in 1910, nestled on a picturesque tree-lined street in a prime walkable location. This home combines historic charm with modern updates, featuring an inviting covered front porch, intricate leaded glass entry, and stunning woodwork throughout. Inside, you'll find spacious rooms across three floors, a beautifully restored tile fireplace with an antique mantel, and gleaming wood floors. The updated kitchen boasts a built-in butler's pantry, perfect for entertaining, while the gorgeous tile shower in the renovated bathroom adds a touch of luxury. Currently operating as an Airbnb, this home offers an incredible opportunity for both investors and homeowners alike. Don't miss your chance to own a piece of history with all the modern comforts

  • Price: $329,000

  • BR/Bath: 5 Bedroom / 3 Bath

  • Sq. Feet: 1,922

  • Avg. Daily Rate: $371

  • Expected Occupancy Rate: 70%

  • Expected Annual Revenue: $87,592

  • Expected Annual Cash Flow: $46,524

  • Expected Cash on Cash: 49.03%

***ATTENTION INVESTORS!!*** TWO Side by side twin chalet rentals projecting to generate roughly $200,000+ revenue annually!

Beautiful 2 bedroom 2.5 bathroom 2022 build side-by-side chalets conveniently located in Wears Valley just minutes to the pigeon forge strip. Both feature a main level open-concept living space with two ensuites, walk-in tiled showers, granite countertops, a half-bath and laundry room. Step outside for tranquility while drinking your morning coffee onto one of the 2 covered decks on the front AND back of the cabins. Upstairs, you'll be greeted with the gaming area featuring pool tables, arcade games, and two twin bunkbeds. Don't miss out on these amazing cash generating properties! Investors could rent them separately or as a bundle for larger parties. Schedule your own private showing today!

  • Price: $1,699,990

  • BR/Bath: 4 Bedroom / 6 Bath

  • Sq. Feet: 3,800

  • Avg. Daily Rate: $904

  • Expected Occupancy Rate: 60%

  • Expected Annual Revenue: $200,088

  • Expected Annual Cash Flow: $65,092

  • Expected Cash on Cash: 15.17%

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.