HomeStakes Top Properties March 5
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 Georgia, Tennessee, and Florida 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.
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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!
Savannah, Georgia Vacation Homes
2 Sulgrave Rd, Savannah, GA 31406
List Price: $399,900
Accommodations: 3 Bed / 2 Bath - 1,848 SF on 0.33 Acres
Total estimated revenue: $43,792
Occupancy rate: 55%
Daily rate: $218
NOI: $24,419
Location: A+
Property Summary: This house has 3 bedrooms and 2 bathrooms, and it's nicely placed on a corner lot. It has a big living/dining room, a separate family room, and an open kitchen, making it a cozy place for relaxing and having fun. The bedrooms are roomy with big closets for comfort and convenience.
Notes: The interior and exterior are in great ready-to-move-in condition; just consider adding more furniture to make it even more appealing. It's conveniently situated within a short walk to the Mayfair pool and Lake Mayer. Schools are just 3-5 minutes away, airports are within a 30-minute drive, and you'll find shopping, parks, and recreational areas nearby.
315 E Derenne Ave, Savannah, GA 31405
List Price: $375,000
Accommodations: 3 Bed / 2 Bath - 1,386 SF on 0.28 Acres
Total estimated revenue: $32,316
Occupancy rate: 56%
Daily rate: $158
NOI: $14,435
Location: A+
Property Summary: 3-bed, 2-bath home, big fenced yard, beautiful hardwood floors, spacious kitchen with gas cooking, granite countertops, coffee bar, and fireplace in the large living room. Newer essentials include roof, HVAC, and tankless hot water heater. Includes a storage shed.
Notes: The interior of the home is well-maintained, yet the exterior requires attention, specifically with the fence needing repair or replacement and a fresh coat of paint for the backyard. This house is situated in Chatham County, conveniently close to Heard Elementary School, Myers Middle School, and Jenkins High School. Residents can easily walk to shopping centers, restaurants, hospitals, and it's only minutes away from Downtown Savannah and Hunter Army Airfield!
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