HomeStakes Top Property Picks June 18
Welcome to this week's exclusive list of some of the most lucrative vacation rental properties across the country! This week we dive into properties across Louisiana, Texas, and Florida that stand out as short-term rentals.
For those new to our lists, or who need a refresher on our criteria and terms used in our lists, please review our post covering HomeStakes Top Property Lists. Here, you'll find all the details on how we break these lists down to the key criteria we are evaluating and why.
This list is designed to save you time and stress when navigating the vacation rental property market, and ultimately make your next investment decision easier and faster. Our team of experts has carefully curated this weekly list based on criteria such as estimated revenue, occupancy rate, daily rate, and all other crucial factors that contribute to a property's success.
If you are not looking to currently buy investment properties, you can learn more about real estate investing with our other FREE resources HERE.
Dive into our top properties of the week and discover what makes them stand out in the vacation rental market. Equip yourself with the knowledge you need to make informed decisions and excel in your vacation rental property investment journey!
New Orleans, Louisiana Vacation Homes
1316 Hillary St, New Orleans, LA 70118
List Price: $625,000
Accommodations: 3 Bed / 2 Bath - 1934 SF on 5,131 sqft lot
Total estimated revenue: $76,069
Occupancy rate: 59%
Daily rate: $353
NOI: $52,500
Location: B+
Property Summary: 3 beds, 2 baths home built in 1925 with wood floors, spacious living area with natural light, updated kitchen and baths, great yard, large primary suite, foyer, front porch, and back deck.
Notes: The interior and exterior of the property are in excellent, turnkey condition, ready for immediate occupancy. Additionally, we have the opportunity to enhance its appeal by incorporating entertainment features into the backyard, further enlivening the space. Situated in close proximity to schools, cafes, restaurants, parks, and recreation centers, and just a 26-minute drive from the New Orleans Lakefront Airport, this location offers convenience and accessibility to various amenities and transportation options.
2104 Iberville St, New Orleans, LA 70112
List Price: $349,900
Accommodations: 3 Bed / 2 Bath - 1,982 SF on 2,214 sqft lot
Total estimated revenue: $60,659
Occupancy rate: 48%
Daily rate: $346
NOI: $39,093
Location: A-
Property Summary: 3 beds, 2 baths with bathtub and a long, private driveway for parking, built in 1900. The interior is tastefully decorated with modern finishes and large windows, offering beautiful city views.
Notes: The interior of the property is in excellent, turnkey condition, while the exterior requires some maintenance, particularly in removing weeds from the pavers and cleaning underneath the house due to its slight elevation. Despite these minor tasks, the property's convenient location near schools, cafes, restaurants, parks, and recreation centers, as well as its close proximity to the New Orleans Lakefront Airport, make it an attractive option for those seeking both comfort and accessibility.
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