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Updated about 1 month ago, 11/08/2024
Suggestions for STR location between $250k - $325k?, southeastern quadrant of US
Would appreciate any advice, I would like to invest somewhere in the southeastern quadarant of US (for example I'm open to somewhere like Missouri that isn't traditionally part of the "southeast"), looking for somewhere where I could acquire a SFH STR between $250k - 325k.
So far I've looked mainly in Texas, Dallas seems too high for this, seems you need to be around at least $400k there to really get something decent for an STR. San Antonio seems it may potentially work as it's a bit cheaper than Dallas. I looked at OKC a bit but I'm just not sure the demand for STR's there is sufficient.
I'm looking to get a property with short term stays, 7 days or less. Would like decent occupancy, around 50%+, not too seasonal where it just sits empty half the year also. I would say I lean more towards cities, in case it ever needs to be turned into an LTR, but am open to more vacation-centric destinations.
Any advice is much appreciated, thanks!