HomeStakes Top Properties List 11/21
Happy Thanksgiving from HomeStakes! We are thankful for all our readers and investors and hope you and yours have a wonderful holiday!
Welcome to this weeks exclusive list of some of the most lucrative vacation rental properties across the country! This week we dive into properties across Nevada, Arizona, and California that standout 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 and the key criteria we are evaluating on 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!
Nevada Vacation Homes
Las Vegas, Nevada, is a powerhouse for short-term rental investments, thanks to its status as a global entertainment capital. This bustling city is famous for its vibrant nightlife, world-class casinos, and extravagant shows, attracting millions of visitors annually, including events like the super bowl for 2024 and the recent F1 Grand Prix. Beyond the glitz of the Strip, Las Vegas hosts a variety of conventions and business conferences, ensuring a year-round influx of guests.
The city's appeal is not limited to leisure and business travelers; it also attracts a growing number of domestic visitors seeking a quick getaway. The high and consistent demand for accommodations in Las Vegas provides an excellent opportunity for short-term rental investors. With its diverse visitor base and endless entertainment options, investing in Las Vegas's short-term rental market offers a potentially lucrative venture with robust occupancy rates.
3853 Chutney St, Las Vegas, NV 89121
List Price: $325,000
Accommodations: 3 Bed / 2 Bath - 1,598 SF on 7,405 sqft lot
Total estimated revenue: $44,771
Occupancy rate: 54%
Daily rate: $227
NOI: $25,271
Location: A+
Property Summary: Freshly renovated 3-bed, 2-bath with new wood laminate flooring, vaulted ceilings and French doors in the living room, upgraded kitchen with new countertops and stainless steel appliances, master suite with a sparkling pool, backyard includes a covered patio with a bar, conveniently located minutes from freeways, schools, parks, and shopping.
Notes: The house boasts an updated interior, it requires decorations, furnitures, to be ready for rental. The backyard needs some cleaning (especially in the pool area), and exterior paint.
4237 Chafer Dr, Las Vegas, NV 89121
List Price: $426,000
Accommodations: 3 Bed / 2 Bath - 1,476 SF on 8,276 sqft lot
Total estimated revenue: $45,900
Occupancy rate: 59%
Daily rate: $213
NOI: $26,253
Location: A+
Property Summary: 3 Beds, 2 Baths, situated on an oversize lot, has sparkling pool and spa. Kitchen has stunning white cabinets and sleek granite countertops, has a remodeled bathroom and large walk in closet, with RV parking.
Notes: Require furniture additions, exterior paint, and lawn mowing for the front yard.
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