Realtor · Erie · Member since 2022 · 194 posts · 88 votes
I have a question for my fellow STR specialists. First thought a story! :-)I recently traveled to Omaha NE and found out the Airbnb I was staying at was clearing $50K/ year!!! (It was a SFH with 4beds and 2 baths). I live in CO and have a friend whom is STR'ing a triplex and is clearing $50K! A triplex vs a SFH!!!! That is Crazy to me how big of a difference between the two properties but getting essentially the same dollar return. :-D
With that context my question is, where are you invested in and what kind of ROI are you getting from your investment (in dollars).
(If you are comfortable please comment answers to these questions below).
- Style of home.
- The ROI in dollar value.
- The city or area where your property is located.
- How you chose that location and what research you did before buying.
I'll copy / paste from a former thread I replied to a year and a half ago with some updates.
I answered this question and analyzed vacation rentals almost every day for a few years in my former job. Based on that experience I would consider the following places to look.
My personal top picks: top 3 investor markets - Pigeon Forge/Gatlinburg, TN; Poconos, PA; Branson MO (I own here and I'm a realtor here).
Then the rest:
Hot Springs, AR. Broken Bow, OK Destin, FL Cape Coral, FL. Blue Ridge, GA. Phoenix Metro, AZ
I personally plan to own in the above mentioned areas