STR ROI IN BRYSON CITY, NC

[Kelly Olson]

I am looking to invest in STR properties in Bryson City, NC area, I came across a deal and the ROI would be 12.6%. The seller is grossed $69,200 and is asking 549,000. Is 12.6 ROI a decent deal? They seem pretty set on there price. I offered 500k and they turned it down. I am trying to be at 15%, is that realistic for the market? I have one other STR in Cape Coral, FL but bought when the market was much more favorable to investing in STR's.

[Jill Addison]

@Kelly Olson I've been looking at investing in this area for short-term rentals too, but the deeper I looked into it, it just seems like short-term rentals don't cash flow enough more than long-term rentals to make it worth the effort. They used to cash flow 2 to 3 times more than long-term rentals, or even more, but I don't see that that's the case anymore. It's just so much more work to do a short-term rental then a long-term rental, and now that they don't seem to cash flow a multiple of long-term rentals, for me I just don't see that it's even worth it. You could probably get close to this return with a long-term rental. So I'm planning to go back to long-term rentals for income that's way more passive.