HomeStakes Top Property Picks Aug 20
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 Nevada, South Carolina, and Arizona that stand out as short-term rental markets.
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!
Las Vegas, Nevada, Vacation Homes
8244 Cedar Leaf Dr, Las Vegas, NV 89147
List Price: $469,980
Accommodations: 3 Bed / 2 Bath - 1,592 SF on 4,791 sqft lot
Total estimated revenue: $55,699
Occupancy rate: 61%
Daily rate: $250
NOI: $34,778
Location: B+
Property Summary: This 3-bedroom, 2-bath home, built in 1995, was recently updated with new paint and luxury vinyl plank flooring. The bright interior is filled with natural light, making the living areas feel spacious. The kitchen has a new dishwasher and refrigerator, and the master bathroom includes double sinks for added convenience.
Notes: The interior of the home is in perfect turnkey condition, requiring no immediate work, while the exterior would benefit from backyard cleaning and some landscaping to enhance its visual appeal; conveniently located, the property is close to shopping, dining, parks, markets, schools, and the fire station, as well as being a short drive from the Las Vegas Strip, with Southern Hills Hospital and Medical Center and Valley Health Specialty Hospital just 10 to 11 minutes away, North Las Vegas Airport 23 minutes away, and Downtown Las Vegas 19 minutes away, along with many other amenities.
7460 Schirlls St, Las Vegas, NV 89139
List Price: $665,000
Accommodations: 3 Bed / 2 Bath - 2,220 SF on 0.52 Acres lot
Total estimated revenue: $50,725
Occupancy rate: 56%
Daily rate: $248
NOI: $30,450
Location: A
Property Summary: This 3-bedroom, 2-bath home, built in 1978, has all major systems in great condition, including one new AC unit and new windows. The home sits diagonally on the lot, creating two large side yards ideal for a playground, garden, or RV/boat storage. The backyard features a 9-foot deep pool and spa, with space for lush landscaping and lounging areas. There's also a covered patio overlooking the pool, perfect for enjoying sunrises and stargazing.
Notes: The interior of the home is in perfect turnkey condition and ready for immediate occupancy, while the exterior requires backyard cleaning, some landscaping, and either repainting or repairing the covered patio to improve its appearance, as it currently looks dated; additionally, the property features large side yards that are ideal for a playground, gardens, animals, or RV/boat/car storage, and is conveniently located just minutes from the Las Vegas Strip, International Airport, and two major highways, with close proximity to shopping, dining, parks, markets, schools, fire stations, hospitals, and many other amenities.
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