It’s official – travelling is back, and everyone is hyped for a memorable vacation. So naturally, most anticipated travelers want to visit the outdoors to enjoy boating or kayaking.
Vacation rentals are booming in demand, and if you are interested in purchasing a vacation rental, the first step is to learn about the places boasting a solid ROI. This is what this article is about.
- The Poconos, Pennsylvania
This is a lake-dotted, mountainous region in Northeast Pennsylvania. It’s also a great place to buy a lake house. Poconos is where East Coast urbanites find their natural escape.
There are tons of yearly adventures, from hiking to Bushkill Falls and skiing, going snow tubing, and snowboarding. Moreover, the rental-friendly spots like Pocono Lake and Tobyhanna exude a small-town charm.
For these reasons, Poconos is ideal for investment-centric buyers who have sufficient money to make offers on homes after being listed.
Nevertheless, with a potential 14.7% cap rate and the ratio between the market value and the property’s net income, you will quickly gain the sweet reward of your investment.
- McGaheysville, Virginia
This is a tiny Virginia community and is an absolute hidden gem. It’s a gateway to Shenandoah National Park, which displays fields of wildflowers, the famous Appalachian Trail, and cascading waterfalls.
Travelers visit in the two peak seasons, which means landlords can aim for their occupancy goals in summer and winter. Plus, the area’s proximity to Massanutten Resort pulls people towards McGaheysville as it boasts all the lucrative amenities of mountain properties.
- Dubai, UAE
Dubai is an eclectic city brimming with luxurious skyscrapers, alluring beaches, top-rated shopping destinations, and upscale properties.
Foreign investors flock to Dubai to invest in properties and gain a high ROI. However, renting hotel apartments in Dubai is spoiled for choice.
- Sevierville, Tennessee
This is yet another place to smash your occupancy goals because the Great Smoky Mountains are the background of Sevierville. On top of this, 12.1 million people on average visit the national park each year.
Aside from the breathtaking Mother Nature exhibitions, various demanding tourist attractions are scattered here – Dollywood, Ripley Museum, and a mountain coaster.
Sprawling cabins are the most sought-after, and the minimum you can generate is $51,000 yearly. If you can’t find a suitable property here, search in Pigeon Forge or Gatlinburg – both of which are successful in the vacation rental business.
- Bryson City, North Carolina
If you want a place where a casual mountain vibe meets small-town charm, it’s Bryson City. This is a somewhat undiscovered neighbour to the Great Smoky Mountains. It’s a peaceful alternative to Eastern Tennessee hotspots.
With a population of only 1,300, there is a walkable downtown, artistic murals, breweries, and galleries. The Tuckasegee River divides the downtown, and it’s a place to paddle boarding and kayaking.
The basic listing initiates from $195,000. Smaller cabins have a great potential to perform too. But, again, if no properties match your taste here, head over to the surrounding Maggie Valley.
- Surfside Beach, Texas
This is a small town nestled between the Intracoastal Waterway and the Gulf of Mexico. So it’s no wonder why so many people are tempted to escape to this seaside village.
The affordable destination allows you to birdwatch, surf, and eat fresh seafood and fish. However, note that visitors want nearby restaurants and direct access to the beach before buying a house here.
- Branson, Missouri
This is a popular family vacation hub in the Midwest. It is loaded with activities, which means there is something for everyone. For instance, families can go to the Dolly Parton’s Stampede dinner show or Silver Dollar City amusement park. Likewise, nature enthusiasts can explore the touring caves and the picturesque Ozark Mountains.
The average home price is $180,000 with a possible 8.4% cap rate. This means that it’s a great region to break into the Investment market.
But remember, the highest occupancy rate is for the properties boasting full rooms. So even if the more significant properties are expensive, they will generate a high profit.
- Waldport, Oregon
Visitors to Waldport feel they have unearthed one of the Pacific Northwest’s hidden gems. This is an excellent place to experience everything Oregon offers – hiking in the coastal mountains, visiting the rolling dunes, and whale watching.
Although the average yearly profit is only $41,000, some owners have earned $77,000. To ensure that your property outshines everything else, add nature-driven features, such as binoculars, trail maps, and birding guides.
- North Conway, New Hampshire
With 13 surrounding ski hotspots, North Conway is a darling ski village. In addition, this New Hampshire locale resides in the middle of the White Mountains, proving it to be a yearly magnet for nature lovers who come for hiking, fishing, golfing, and leaf-peeping.
These activities make North Conway a prominent place for vacation rental owners who wish to offer a home base for adventurous group travellers.
It is even more perfect for modern travellers, like the ones from Boston, who desire a luxe, private escape. That being said, look out for properties that boast luxurious amenities and sit near the slopes.
- Ruidoso, New Mexico
With a decent combo of Southwestern aesthetic and mountain-town charm, Ruidoso is an enchanting city cradled by the Sierra Blanca mountains, pulling all snow seekers.
Aside from winter adventures, it offers many more activities to do in other seasons, like White Sands National Park, historical sites, a 275-square mile sandbox, and casinos.
The average yearly avenue hovers above $22,000, but it can be stretched to $68,000. You can pull guests by adding a game room, big decks, and hot tubs.
- Windham, New York
Referred to as the “gem of the Catskills” due to the unrivalled outdoor recreation and good premium restaurants, art galleries, and wine bars, Windham lies only 3 hours north of New York. This is a hyped-up place for people wanting an upscale retreat in the mountains.
The average cost of properties here is below $500,000. This is very competitive, and the potential cap rate is 7.1%. In short, Windham is a budget-friendly escape into nature while offering a robust ROI.
