HomeStakes Top Property Picks July 9
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 Sedona, Santa Barbara, and Miami 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!
Miami, Florida, Vacation Homes
11732 SW 173rd Ter, Miami, FL 33177
List Price: $675,000
Accommodations: 3 Bed / 2 Bath - 1,503 SF on 7,949 sqft lot
Total estimated revenue: $75,722
Occupancy rate: 71%
Daily rate: $292
NOI: $52,198
Location: B+
Property Summary: Built in 1961, this remodeled 3-bed, 2-bath home features an open layout, new wood cabinets, quartz countertops, and stainless steel appliances. It has new tile, impact doors, accordion shutters, a redone pool with a saltwater system, LED lighting, and diamond brite resurfacing. The backyard includes a gated entrance for a boat or RV, an irrigation system with well water, and a new shed with electricity.
Notes: The interior and exterior are in perfect turnkey condition for this well-maintained property, which is conveniently located near schools, the airport, hospitals, cafes, supermarkets, dining options, parks, golf courses, various restaurants, and more.
4618 SW 2nd St, Miami, FL 33134
List Price: $1,005,000
Accommodations: 3 Bed / 2 Bath - 878 SF on 5,750 sqft lot
Total estimated revenue: $94,868
Occupancy rate: 74%
Daily rate: $351
NOI: $68,855
Location: B
Property Summary: Built in 1939, this 3-bed, 2-bath home has new impact windows, PVC plumbing, floors, kitchen, and bathrooms. It's divided into a 2/1 and a 1/1 (converted garage). Currently rented on Airbnb with high demand, it's ideal for investment or family living. All furniture and decorations are included in the sale.
Notes: The interior is in perfect turnkey condition, while the exterior needs mowing, weeding, tree trimming, and backyard cleaning; adding some entertainment furniture to the backyard would make it livelier, and the home is conveniently located near schools, the airport, hospitals, cafes, supermarkets, dining options, parks, golf courses, various restaurants, and more.
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