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- 12 Best STR Finds | December 16, 2024
12 Best STR Finds | December 16, 2024
The Market's Top Short Term Rentals – Yours Before Anyone Else.
Mark Borum
December 16, 2024
Lake Placid isn’t just for Olympians and ice skaters—it’s a year-round hotspot for travelers seeking alpine charm, scenic trails, and cozy retreats. With short-term rental demand in upstate New York climbing by over 12% last year, properties in this region are becoming gold mines for savvy investors.
Today’s featured listing puts you right in the heart of it all—just a short walk to Mirror Lake’s bustling shops and restaurants, yet tucked away in total privacy. This Craftsman-style gem boasts four bedrooms, four baths, an open floor plan, and floor to ceiling windows flooding the space with natural light. Guests can hike Cobble Mountain from the backyard or kick back in style with perks like a billiards room, exercise space, and a screened porch for year-round relaxation.
Oh! And, here’s the kicker - unlimited short-term rentals are allowed with an easy-to-secure permit, making this property not just an alpine retreat but also a revenue powerhouse.
Ready to claim your slice of Lake Placid magic? Dive into this listing and 11 other STR opportunities in today’s STR Pro picks. Or enjoy the two below for free!
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True log cabin -- walk to the lake-- boat slip available!Nestled in the Ozark Mountains near the shores of Table Rock Lake, this beautiful log cabin home sits impressively on a well-manicured, double-sized lot and features an extra large, stamped concrete driveway for parking ease and convenience.The gorgeous covered, wrap around deck is the perfect place to sit and relax and look out over the mountain and peek-a-boo lake view.Inside the cabin is a wonderful, open floorplan with soaring ceilings and amazing natural light. The kitchen has upgraded granite countertops with edging detail to match the live edge pine plank counter tops in the bar area. The main floor master bedroom has an en-suite master bath and a walk-in closet. There is also a half bath on the main level for guests.Up the amazing staircase made of half-logs, there is a private loft bedroom and bathroom that is the perfect place for guests or for an office.Downstairs there is another living area, a fabulous wet bar with wine fridge, custom knotty Alder cabinets, pine countertops, and hardware that matches the hardware in the kitchen. Additionally there is another bedroom and bathroom.Exceptionally well-maintained, this home got a new roof in 2023, has a water softener and whole house filtration with Culligan RO for drinking water for kitchen and ice maker, and has Stainmaster carpeting with pet proof padding.If you've got pets, there is dog run with access to the gated deck.If you've always dreamed of owning a log cabin, this is your perfect chance!
Price: $355,000
BR/Bath: 3 Bedroom / 4 Bath
Sq. Feet: 2,123
Avg. Daily Rate: $320
Expected Occupancy Rate: 44%
Expected Annual Revenue: $51,721
Expected Annual Cash Flow: $9,326
Expected Cash on Cash: 9.07%
COME SEE THE VIEW FROM THIS TOTALLY REFINISHED, WITH RUSTIC ELEGANCE! SITS UP ON A HILL OVERLOOKING MEDINA LAKE (WATERVIEW WHEN THE LAKE COMES BACK) COZY WOODBURNING FIREPLACE, CUSTOM CABINETS, HUGE GRANITE ISLAND KITCHEN, BOTH BATHS ARE BEAUTIFUL AND MANY OTHER UPGRADES THAT WENT INTO THIS STUNNER!! POSSIBILE STR OR OTHER COMMERCIAL VENTURE!! WE LOVE TO WORK WITH BUYER'S AGENTS!!
Price: $299,900
BR/Bath: 4 Bedroom / 3 Bath
Sq. Feet: 1,408
Avg. Daily Rate: $297
Expected Occupancy Rate: 43%
Expected Annual Revenue: $46,237
Expected Annual Cash Flow: $7,968
Expected Cash on Cash: 9.59%
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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.