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  • 12 Best STR Finds | November 12, 2024

12 Best STR Finds | November 12, 2024

For investors who want to save time finding each new day's top opportunities.

Author

Mark Borum
November 12, 2024

Minnesota’s North Shore has long been a getaway magnet for nature lovers, but the short-term rental market here is heating up like a cabin fire in January. And with statewide STR demand up 15% in the past year, this trend doesn’t seem to be slowing down.

Enter today’s featured listing: a secluded two-bedroom on a sprawling 40-acre plot surrounded entirely by state park and forestland. This is the rarest of rare finds—a private retreat that’s already pulling in $6,500 to $7,500 a month in STR revenue. Whether you’re catering to snowmobilers in winter or river-loving hikers in summer, this place checks every box for a premium wilderness stay.

With direct access to the Manitou River, private trails, and a cozy screened porch perfect for sipping coffee to the sound of rustling leaves, this one-of-a-kind property is poised to keep bringing in guests and profits year-round.

Ready to invest in a piece of pure Northwoods magic? Check out this listing and other handpicked gems in today’s newsletter.

Discover unparalleled seclusion with this custom home tucked in from Minnesotas North Shore. The property is situated on 40 acres surrounded on all sides by State Park, State Forest, and the Manitou River offering a rare opportunity for those seeking a one-of-a-kind retreat in nature with complete privacy. Designed with modern aesthetics and comfort in mind, this two-bedroom, one-bath home offers an inviting screened porch and outdoor patio, ideal for soaking in the peaceful surroundings. For outdoor enthusiasts, a private trail leads directly to the river, while a state-maintained trail just across the street provides easy access to snowmobiling and other year round activities. Currently a successful short-term rental, this property consistently brings in $6,500 to $7,500 per month, making it an excellent income-generating opportunity or an ideal entry point into the rental market. Don't miss the chance to own this rare blend of privacy and natural beauty!

  • Price: $450,000

  • BR/Bath: 2 Bedroom / 1 Bath

  • Sq. Feet: 1,000

  • Avg. Daily Rate: $288

  • Expected Occupancy Rate: 65%

  • Expected Annual Revenue: $68,328

  • Expected Annual Cash Flow: $24,663

  • Expected Cash on Cash: 23.38%

Stunning new construction 3 bedroom single family home located close to downtown. Open floorplan featuring 9 foot ceilings on both levels and luxurious finishes such as quartz countertops, white shaker cabinetry with soft close doors and dovetail drawers, subway tiled backsplash, and pendant lighting. Turnkey move in ready home perfect for first time buyers and investors. Loaded with upgrades including luxury vinyl plank flooring, Pella windows and doors, stainless steel appliance package, large pantry, Moen plumbing fixtures and black hardware. No HOA or rental restrictions, can be used for short term, mid term or long term rental. Builder warranty included. $3,000 credit towards rate buy down and closing costs with use of preferred lender. Move in ready December 2024! Photos are from a previous build and are representative.

  • Price: $250,000

  • BR/Bath: 3 Bedroom / 3 Bath

  • Sq. Feet: 1,250

  • Avg. Daily Rate: $176

  • Expected Occupancy Rate: 61%

  • Expected Annual Revenue: $38,904

  • Expected Annual Cash Flow: $6,625

  • Expected Cash on Cash: 9.81%

Welcome to this beautifully updated home in Palm Springs. This home in Victoria Park/Vista Norte offers 1746 square feet and 3 bedrooms and 2 bathrooms. A spacious open floor plan features a sunken living room with a stone fireplace. Two doors with access to the backyard from the dining area makes for a wonderful indoor/outdoor feel. Kitchen with stainless steel appliances, granite counter tops and island with breakfast bar. Freshly painted throughout in beautiful desert earth tones. Large primary suite with direct access to the backyard. Primary bath with soaking tub and shower combo as well as a spacious walk-in closet. Beautiful backyard with a covered patio that includes an outdoor TV, as well as fans and misters to keep cool on those warmer days. Patio can be fully enclosed with outdoor curtains. Sparkling pool and spa, lush fountain and mountain views. Two storage sheds are included as well! Massive RV parking area with all the necessary hook-ups. Some of the many upgrades include a whole house water softener system, tankless water heater, black-out shades throughout, new pool heater, all dual-pane windows and sliders for ultimate energy efficiency, and so much more. On top of all these amazing upgrades, this home has FULLY OWNED SOLAR! Call today for a private showing!

  • Price: $829,000

  • BR/Bath: 3 Bedroom / 2 Bath

  • Sq. Feet: 1,746

  • Avg. Daily Rate: $470

  • Expected Occupancy Rate: 58%

  • Expected Annual Revenue: $99,377

  • Expected Annual Cash Flow: $26,393

  • Expected Cash on Cash: 12.90%

Tastefully remodeled 3 bedroom 1 bath home in Midtown area of Columbus. Original refinished hardwood floors, granite countertops, new appliancess, Metal roof and new paint inside and out. Walk to local restaurants and a short drive to downtown Columbus! Would also make a great Airbnb

  • Price: $169,900

  • BR/Bath: 3 Bedroom / 1 Bath

  • Sq. Feet: 1,228

  • Avg. Daily Rate: $172

  • Expected Occupancy Rate: 55%

  • Expected Annual Revenue: $34,415

  • Expected Annual Cash Flow: $7,457

  • Expected Cash on Cash: 15.25%

With views deep into Franconia Notch, this inspirational build's interior design is vast and open, further enhanced by industry leading energy efficient construction and features. As you enter, the vaulted vestibule opens into a vast cathedral great room adorned with large windows which frame the stone gas fireplace. The kitchen is opened off to the right of the great room with bar seating for 4 at the long granite island, wine storage and large dining table with mountain views out the sliding door. Leading from there, the 400 sq ft ironwood deck provides extensive views into the White Mountain National Forest. As you head up the custom cherry staircase, turn to the primary suite on the right. Palatial in size, here you have laundry, a stone gas fireplace, (2) large walk-in closets and room for a sitting area. French doors open to a small deck to enjoy sunsets. The primary bath has a jacuzzi tub with heater and a shower with bench. The lower level of the house is designed to entertain even the most discerning guest. A wet bar with live edge countertop, kegerator and commercial beverage cooler compliment the large and inviting space. Currently outfitted to sleep 14 in 7 different rooms, this property is incredible: Radiant heat throughout, humidity controlling air exchanging system and AC, Decra metal roof shingles. Close to Loon, Cannon and downtown. Sold mostly furnished with a few exceptions.

  • Price: $1,399,900

  • BR/Bath: 7 Bedroom / 5 Bath

  • Sq. Feet: 4,745

  • Avg. Daily Rate: $680

  • Expected Occupancy Rate: 57%

  • Expected Annual Revenue: $142,008

  • Expected Annual Cash Flow: $30,248

  • Expected Cash on Cash: 8.40%

Welcome to this beautiful 3 bed, 2.5-bath custom home, nestled on 2.57 acres in Lake George Schools District! Modern farmhouse charm with functionality! The gourmet kitchen, with eat-in area, oversized living room w vaulted ceilings, fireplace, and an abundance of windows overlooking the tranquil backyard & private pond. Family room or Formal dining w gorgeous shiplap fireplace! The primary en-suite w private bath & walk-in closet. Two additional bedrooms share a 2nd full bath, first-floor laundry & a welcoming foyer! The outside oasis complete w in-ground pool, fire pit, screen porch & perfect setting to take in gorgeous sunsets! Minutes to marinas, beaches & all the outdoor adventures the Adirondacks have to offer! With plenty of space to roam and entertain, this home has it all!

  • Price: $599,900

  • BR/Bath: 3 Bedroom / 3 Bath

  • Sq. Feet: 2,270

  • Avg. Daily Rate: $499

  • Expected Occupancy Rate: 38%

  • Expected Annual Revenue: $69,604

  • Expected Annual Cash Flow: $13,194

  • Expected Cash on Cash: 8.45%

Discover this meticulously maintained home in the sought-after Rich Sands Estates neighborhood of Cathedral City. Built in 2003, this spacious 4 bedroom, 2 bathroom property offers 1,926 sq. ft. of comfortable living space on a 8,712 sq. ft. lot. Thoughtfully designed with energy-efficient solar panels to help keep energy bills low, this home is an entertainer's dream. Enjoy the outdoor oasis with a large swimming pool and spa, a stylish cabana, mini putting green, and a covered patio perfect for gatherings or relaxation. The open floor planfeatures vaulted ceilings and elegant granite countertops that add to its charm and appeal. With no HOA fees and a prime location in the heart of Cathedral City, this home combines luxury, convenience, and value.

  • Price: $689,000

  • BR/Bath: 4 Bedroom / 2 Bath

  • Sq. Feet: 1,926

  • Avg. Daily Rate: $447

  • Expected Occupancy Rate: 56%

  • Expected Annual Revenue: $90,652

  • Expected Annual Cash Flow: $27,039

  • Expected Cash on Cash: 15.55%

Incredible 1.5 acre, 3900 square foot farmhouse with solar on a County Island in Chandler, AZ. The main house features 5 bedrooms (2 primary suites), 3 bathrooms, nursery, and open-concept kitchen, mudroom, a huge laundry room and a 4 car garage. The casita is attached but has a separate entrance as well and it features another primary bedroom/bathroom, plus its own living room and kitchen. The 2400 sqft barn is setup as an indoor basketball court and there is another detached outbuilding for storage. The main house kitchen has a large island, granite counters, double ovens, storage and a huge dining area. This home is truly an entertainers delight inside and out. The backyard oasis features an amazing pool, multiple covered patios, built-in grill and fire pit. The front yard also features a large covered patio space, mature trees with swings, grass and white picket fencing. You have to experience this home in person to truly take in all that it has to offer!

  • Price: $1,600,000

  • BR/Bath: 6 Bedroom / 4 Bath

  • Sq. Feet: 3,900

  • Avg. Daily Rate: $588

  • Expected Occupancy Rate: 73%

  • Expected Annual Revenue: $157,376

  • Expected Annual Cash Flow: $31,991

  • Expected Cash on Cash: 8.01%

Sunsets on Sunset!! Best priced home in Riviera Beach neighborhood!! This adorable home has been freshly painted inside and outside, new vinyl plank flooring throughout, new dual pane windows, Roof Replaced in 2021, and Water Heater Replaced in 2019. Custom built-in bed with cabinets and TV in bedroom #2 stay with the house. There are no HOA fees and short term rentals are allowed. Location is perfect; situated between Scenic 30A and Pier Park. Close enough to enjoy the amazing restaurants, entertainment, sports complexes, beautiful beach, and dune lakes or just relax in this quiet neighborhood. This home can be your primary, second or vacation rental property. Seriously, do not miss out on the opportunity to own your slice of PARADISE on the West End of Panama City Beach!

  • Price: $530,000

  • BR/Bath: 4 Bedroom / 2 Bath

  • Sq. Feet: 1,540

  • Avg. Daily Rate: $339

  • Expected Occupancy Rate: 56%

  • Expected Annual Revenue: $68,832

  • Expected Annual Cash Flow: $16,814

  • Expected Cash on Cash: 12.53%

This lovely 1825 colonial has many of its original features in place - wide plank floors, beamed ceiling, original hardware, as well as a fully renovated kitchen. Mostly new appliances, new windows, foam insulation in the basement, well insulated attic and walls, along with a high-efficiency furnace, and you have the best of both worlds. Also, the house is a legal two-family, offering a multitude of options - connecting interior door to the main house gives you a first-floor bedroom suite, which you could rent year- round, or use as an Airbnb (current owner did so quite successfully).

The adjacent fully insulated barn/garage with 100 amp service, wood stove, and tons of loft storage, is currently being used as a woodworking studio, but it can easily be converted to its original use.

  • Price: $549,000

  • BR/Bath: 3 Bedroom / 3 Bath

  • Sq. Feet: 1,922

  • Avg. Daily Rate: $366

  • Expected Occupancy Rate: 52%

  • Expected Annual Revenue: $69,058

  • Expected Annual Cash Flow: $15,845

  • Expected Cash on Cash: 11.19%

With fabulous weather, and being the center of the Coachella Valley Music & Arts Festival and Stagecoach: California's Country Music Festival. This home is squarely situated to be the entertainment capital of your world.

Indio offers abundant outdoor activities including renowned polo matches, championship golf, cycling, equestrian events, and hiking.

  • Price: $999,900

  • BR/Bath: 5 Bedroom / 3 Bath

  • Sq. Feet: 2,802

  • Avg. Daily Rate: $888

  • Expected Occupancy Rate: 41%

  • Expected Annual Revenue: $134,336

  • Expected Annual Cash Flow: $47,969

  • Expected Cash on Cash: 19.01%

Experience the perfect retreat in this charming 2-bedroom, 1-bath raised ranch on 3 acres in Fishs Eddy, now available for the first time on the market. Surrounded by picturesque woods, apple trees, streams, and vibrant wildlife, this property offers prime hunting opportunities and stunning views. Enjoy the serenity of enclosed front and back porches and revel in the fresh air, making this peaceful escape from city life ideal for nature lovers. With a roof only 2 years old, this home is ready for you to unwind and reconnect with the outdoors. Basement can be finished to add more livable space.

  • Price: $169,000

  • BR/Bath: 2 Bedroom / 1 Bath

  • Sq. Feet: 1,258

  • Avg. Daily Rate: $262

  • Expected Occupancy Rate: 48%

  • Expected Annual Revenue: $45,572

  • Expected Annual Cash Flow: $17,777

  • Expected Cash on Cash: 36.33%

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. 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.