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Market Research

Oak Island, NC



What are the STR Laws
Look at market: bedrooms, amenities, etc
Find the average annual revenue by bedrooms interested in ex: a 4br = $60,000
Look for the top performing properties of the bedroom counts interested in: top 2 categories in pricing
What do they look like? Style, design
Where are they located?
Amenities
Look for things to do and find golden triangles (google bard)
Setup a search on zillow with what found
Is this an area we want to pursue? If yes look for realtor on Bigger Pockets

Market Stats

STR’s in Residential areas but pretty much any house that is ocean front- atleast 3 streets back is fair game for STR
Zoning Map is very user friendly


View of Market Overview By Bedroom (20% GY)
6
Market
Num BRs
% of market
Fifty % Monthly
Seventy-Five % Monthly
Low Target Home Price
Highest Target Home Price
1
Oak Island, North Carolina
1
3%
1600
2000
$96,000.00
$120,000.00
2
Oak Island, North Carolina
2
13%
3000
4200
$180,000.00
$252,000.00
3
Oak Island, North Carolina
4
22%
5500
8000
$330,000.00
$480,000.00
4
Oak Island, North Carolina
5
20%
7500
12000
$450,000.00
$720,000.00
No results from filter
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Amenities

16% have pools
4% have hot tubs
Could add a golf cart. Not stats on AirDNA for this though.

Top Performing Properties

Ocean front seems to be the best brining in revenue, “walk to beach” seems to do well right behind the ocean front


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