8 Best STR Finds | November 10, 2024

Michigan Airbnb hosts raked in nearly $269 Million in revenue last year welcoming more than 1.2 Million guests driven by the state’s unique seasonal appeal – summer brings lake lovers, fall is leaf-peeper central, winter sees ski and snow enthusiasts, and spring invites everyone back outdoors for festivals and flowers.

And those “large picture windows showcasing the river views” in the first selected listing today? That's your nightly rate whispering sweet nothings to future guests who want a front-row seat to Michigan’s changing seasons.

With an expected $25K in free cash flow and a cash on cash return of greater than 15% this 5 bedroom / 4 bathroom home on the Kalamazoo river is as much a money magnet as it is an experience.

Check it out and 7 others in today’s handpicked homes.

440 Lake Dr, Allegan, MI 49010

This stunning 5 Bedroom 3 1/2 bath home features an open concept design, creating a comfortable and functional living environment. Large Center Island Kitchen with granite counter tops with quartz sink flows to Dining and living room, featuring a gas log fireplace and large picture windows that showcase the breathtaking views of the river. Large Mudroom off garage. Primary Bedroom with walk-in closets and Full Bath. The lower level includes recreation room, Field Stone gas log fireplace, offering versatile space for leisure and entertainment. workroom and plenty of storage. Enjoy the tranquility of the surrounding wildlife on your private screened porch and generous 1.16 acre lot with 250' frontage along the Kalamazoo River with stairs to waters edge providing ample opportunities for outdoor activities and appreciation of the natural setting.

• Price: $525,000

• BR/Bath: 5 Bedroom / 4 Bath

• Sq. Feet: 3,860

• Avg. Daily Rate: $462

• Expected Occupancy Rate: 49%

• Expected Annual Revenue: $83,174

• Expected Annual Cash Flow: $25,150

• Expected Cash on Cash: 15.05%

6304 N Curtis Ave, Portland, OR 97217

This charming bungalow with a detached ADU sits pretty on a corner lot in the Arbor Lodge/Overlook Neighborhood. The 4 bedroom, 2 bathroom main house has been lovingly restored with architectural integrity in mind. New updates meet old charm in a way that feels cohesive and thoughtful. The home’s circular floor plan is ideal for entertaining, featuring a spacious living room with a cozy wood-burning fireplace, a dining room with 1920s built-ins, and a lovely galley kitchen with a breakfast nook. Two ample sized bedrooms and the sweetest full bathroom complete the main level. Upstairs, you will find two additional, well-sized bedrooms. Downstairs, there is a full bathroom and a clean basement with 7 ft ceilings and an exterior entrance waiting for your touch. This prime location on a corner lot allows for dreamy south and west exposures drenching the house in the prettiest light. The main house has a newly landscaped front yard, classic front porch and fully fenced backyard. Beyond the aesthetic updates includes all the boring, but important things: new HVAC, plumbing, gutters, electrical updates and more. The possibilities are endless with the equally adorable 1 bedroom/1 bath ADU that was built in 2017. This space has been a successful long-term rental and could be a short-term rental with the appropriate permit. At just under 600 sq/ft, the ADU feels even more spacious with vaulted ceilings and a bright aesthetic. A great room style living room and full kitchen are functional and stylish. Just down the hall is a large bedroom opposite a full bathroom and laundry. The fully fenced yard with raised beds makes the space feel like a totally separate house. The extended neighborhood is known for its tree-lined streets, historic homes, and low-key atmosphere. Close to the Adidas Campus, Madrona Hill Coffee, and all the eateries on North Killingsworth as well as easy freeway access.

• Price: $899,000

• BR/Bath: 5 Bedroom / 3 Bath

• Sq. Feet: 2,916

• Avg. Daily Rate: $527

• Expected Occupancy Rate: 58%

• Expected Annual Revenue: $110,918

• Expected Annual Cash Flow: $25,400

• Expected Cash on Cash: 10.51%

7323 N Shore Dr, Eau Claire, WI 54703

This one-of-a-kind rural home has undergone a complete transformation by its current owners, who meticulously remodeled the property over the past 8 years. From the ground up, no detail was overlooked as the home was taken down to the bare studs and rebuilt with care. Situated across from an 80-acre parcel owned by Eau Claire County—ideal for hunting—and just a short distance from Lake Altoona, the home offers both privacy and convenience. Inside, you'll find a spacious main floor with a master suite, an open-concept living and dining area, and a well-designed lower level featuring two additional bedrooms and a laundry room. Ample storage is available throughout the home, and the versatile loft space is currently used as an office/family room but could easily serve as an additional bedroom. The property also includes a large 4-car detached garage with overhead doors. For a full list of special features and updates completed over the years, contact the listing agent for more information

• Price: $349,900

• BR/Bath: 3 Bedroom / 3 Bath

• Sq. Feet: 2,767

• Avg. Daily Rate: $307

• Expected Occupancy Rate: 52%

• Expected Annual Revenue: $58,104

• Expected Annual Cash Flow: $14,522

• Expected Cash on Cash: 12.77%

253 North Fremont STREET, Whitewater, WI 53190

Relax in nature by the creek in the heart of beautiful Whitewater! Move right in or have an instant rental with this beautiful, updated, full turnkey negotiable, three bed, two bath home. Sunroom is the perfect place to cozy up and read a book, relax by the fireplace and watch the world go by. The large porch is perfect to sit outside in peaceful bliss. The two bedrooms are on the main level and the primary ensuite on the upper level. Gorgeous kitchen and laundry on the main floor makes life a breeze here. Create a spectacular garden in the planter beds outside. There are limitless options to make your own slice of heaven or rental income. Close to parks and everything you need for a happy life. Move right in. Property being sold as-is. Schedule your private showing today

• Price: $249,000

• BR/Bath: 3 Bedroom / 2 Bath

• Sq. Feet: 2,314

• Avg. Daily Rate: $247

• Expected Occupancy Rate: 60%

• Expected Annual Revenue: $54,067

• Expected Annual Cash Flow: $17,455

• Expected Cash on Cash: 20.53%

17710 W Coulee Hite Rd, Spokane, WA 99224

Welcome to this Custom MidCentury home nestled on 26+ acres just west of Spokane. Massive shop! 5 Bedrooms & 3 bathrooms with 3836 sf. Great home with so much character. Large open kitchen to the living room & dining room. Open loft area above. Beautiful stone wood burning fireplaces. New carpet. All appliances are included. Main floor laundry room. In-law set up in the daylight walk-out basement, with kitchenette, wood burning fireplace, multiple bedrooms down & updated bathroom. Covered patios around the home. Massive 66x50 shop, wood & metal shop areas, as well as a loft, a sliding door, and a loading dock. Shop is heated with a wood stove. Year round stream running along the property. Many outbuildings as well. Fenced yard & a garden area. Great location close to Airway Heights, and easy access to Spokane’s Northside. Just 15 Mins to Airway Heights, 15 Mins to 5-Mile, 22 Mins to Airport, 25 Mins to Downtown Spokane. Enjoy country living, yet close to town. Paved all the way!

• Price: $625,000

• BR/Bath: 5 Bedroom / 3 Bath

• Sq. Feet: 3,836

• Avg. Daily Rate: $543

• Expected Occupancy Rate: 68%

• Expected Annual Revenue: $134,769

• Expected Annual Cash Flow: $63,651

• Expected Cash on Cash: 33.54%

5979 Bay Lake Dr N, Saint Petersburg, FL 33708

Welcome to this stunning 4-bedroom, 2.5-bath home nestled in a highly sought-after neighborhood, where beautiful sidewalks lead you through scenic surroundings. Set on a picturesque lake with concrete seawalls, this property offers an oversized 2-car garage and an impressive grand entrance that opens to soaring high ceilings. Perfect for entertaining, the home features a formal dining room, a cozy family room complete with a fireplace, and plenty of space to gather and relax. The interior is fully upgraded with a modern touch, showcasing elegant gold finishes throughout. The new chef’s kitchen boasts abundant cabinet space, a breakfast nook, and a breakfast bar for your entertaining needs. The master bath feels like a personal spa, with a large vanity, a beautifully designed mirror, and a luxurious rain shower for the ultimate in relaxation. With plenty of storage space, a large laundry room, and a screened-in pool and lanai overlooking the tranquil lake, this home is designed for convenience and comfort. Situated in a prime location close to pristine beaches, shopping, dining, and excellent schools, this home offers a blend of beauty, functionality, and unbeatable convenience. Make this incredible home your own and enjoy the best in Florida living!

• Price: $799,900

• BR/Bath: 4 Bedroom / 3 Bath

• Sq. Feet: 2,591

• Avg. Daily Rate: $407

• Expected Occupancy Rate: 73%

• Expected Annual Revenue: $108,917

• Expected Annual Cash Flow: $29,989

• Expected Cash on Cash: 13.94%

1010 N 6th St, Nashville, TN 37207

Enjoy Cleveland Park from your front porch! Fully remodeled 4BR/2BA cottage across the street from highly desirable Cleveland Park in East Nashville. 1,700+ sqft of modern upgrades and historic charm, loaded with updates, including a newer roof & HVAC, granite countertops, updated baths, wood floors, and 4 large bedrooms. Spacious master suite features two walk-in closets and a custom-tiled bath. Stainless steel appliances complete the kitchen. Enjoy a large backyard, private driveway with alley access, and a covered porch overlooking tree-lined sidewalks and beautiful Historic Cleveland Park. The location provides peaceful surroundings with urban convenience. Sitting on a spacious lot zoned SP, the property allows for the addition of a DADU, offering potential for extra income, short-term rental (Airbnb), or guest accommodations. In the heart of vibrant East Nashville, invest in a property with great potential, this home has it all. Schedule a tour today!

• Price: $489,000

• BR/Bath: 4 Bedroom / 2 Bath

• Sq. Feet: 1,725

• Avg. Daily Rate: $400

• Expected Occupancy Rate: 50%

• Expected Annual Revenue: $73,500

• Expected Annual Cash Flow: $19,033

• Expected Cash on Cash: 14.29%