STR Opportunity Analysis in Beaufort, SC

[Sam Hall]

Looking at a 4br/3b, 1700 sqft deal in Beaufort, SC about 3 miles from Parris Island to purchase as an STR. The house is in good shape (really just needs some paint), and even includes a pool. I've confirmed with the city that the house can be used as an STR (granted I obtain a business license), and the analysis I have done says this house could do upwards of $70K - $100K a year. I'm very unfamiliar with this market (generally I have invested in FL), but ran across this deal and it seems to be really solid. Is anyone familiar with investing in that area that could confirm/deny the viability of using a 3-4br single family as an STR, or if there is anything I might be missing?

[Ken Boone]

I used to work down there a LOT. Not sure how often they are graduating marines but back then it was every 3 weeks. Whenever I came into town during that time, IF I could get a hotel, the rates where WAAAAYY jacked up. And since people come into town from all over the US, an STR might do real good there. Inshore fishing is also a big thing down there, as well as shrimping, and deep sea fishing. Hunting Island State Park is in Beaufort County as well with a public beach. Don't have 1st hand knowledge of STRs down there but I could see a market.