Investing in short-term rentals (STRs) in markets with a high number of active listings can offer strong investment opportunities due to the established demand and competitive environment. These markets provide robust investment potential along with a variety of tourist attractions.
Our latest tool, Chalet Intel, provides comprehensive insights and strategies tailored to investors at all experience levels. It includes a calculator, regulation overview, and much more for each market discussed. Links will be provided for each market, allowing you to conduct a more detailed analysis on your own.
1. Sevierville, Tennessee
Sevierville, TN, offers attractions like Dollywood and numerous outdoor activities, making it a favored destination for families and adventure seekers.
Sevierville has seen a 2.60% increase in home values, with the average price at $369,668. The market boasts an ADR of $222.00 and an occupancy rate of 66%, leading to an annual revenue of $51,755 from 9,828 active rentals. The gross yield is 11.67%, with a cap rate of 7.00%.
For more details on Sevierville’s market, refer to Chalet Intel. Our platform offers comprehensive data and tools for making informed investment decisions.
2. Savannah, Georgia
Savannah, GA, boasts historic districts, beautiful parks, and a vibrant arts scene. Highlights include Forsyth Park, River Street, and numerous historic homes and museums.
Savannah has seen a notable increase in home values by 10.50%, with the average price reaching $307,925. With an ADR of $216.00 and an occupancy rate of 67%, the annual revenue is $57,045 from 3,217 active rentals. The gross yield is 15.44%, and the cap rate is 9.26%.
To delve deeper into Savannah’s investment potential, check out Chalet Intel.
3. Broken Bow, Oklahoma
Broken Bow, OK, has seen a modest decline in home values by -1.70%, with the average home price at $296,750. This market shows promise with an ADR of $315.00 and an occupancy rate of 42%, generating annual revenues of $55,324 from 3,423 active rentals. The gross yield here is 15.54%, with a cap rate of 9.32%.
Discover more about investing in Broken Bow through Chalet Intel. It includes a calculator, regulation overview, and much more.
