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Updated over 1 year ago,
Broken Bow Oklahoma STR
I'd love some help on this topic!
In the Smokies, it seems that 'bigger is better' and that a view seals the deal. I've been ALMOST convinced that I can drop and 15-20% DP on a $1.3M 4BR STR and net $75K/year. I'm skeptical - also I'd like an exit plan if/when then market declines in the next few years.
So I'd really like to consider a healthy STR market where a $650K home isn't listed for $1.3M.
My compass is leading me towards Broken Bow. I'd love to know what type of property rents in this market and what I should be looking for.
Thanks in advance!