Nashville STR That Actually Pencils: Inside “Hi Felicia” — A $100K+ Producing NOO Investment
In today’s Nashville short-term rental market, most listings don’t make sense on paper.
Some are overpriced.
Some are underperforming.
Some were purchased in 2021 and never re-underwritten for 2026 reality.
And then there’s Hi Felicia.
A fully operational, non-owner occupied (NOO) permitted short-term rental in Nashville already producing $100K+ annually — with $52K already booked this year and over $60K in forward reservations secured.
This isn’t a “hope it performs” property.
This one already does.
Meet Hi Felicia – 2910 Felicia Street, Unit 19, Nashville TN
Price: $839,999
4 Bedrooms | 4.5 Bathrooms | 2,300+ Sq Ft
Sleeps 12
Garage Game Room
Rooftop Deck with Skyline Views
Fully Furnished & Turnkey
NOO STR Permitted
Located just 7 minutes to Broadway, this property checks the three boxes that matter in 2026 Nashville STR investing:
Permitted
Performing
Transferable bookings
The Numbers (Because That’s What Actually Matters)
This is not a projection deck.
This is real revenue.
💰 Averaging $100K+ annually
📅 $52K already on the books this year
📈 $60K+ in future bookings secured
🛏 34+ bookings already confirmed
🎯 Pacing toward $110K+
In a tightening STR market, stabilized performance is everything.
Most buyers today are struggling with:
DSCR hurdles
Appraisal gaps
Revenue inconsistencies
Compression in ADR
Hi Felicia already solves that.
Why This Property Books
Let’s be honest.
In Nashville, you don’t win because you’re close to Broadway.
You win because your property photographs better than the competition.
Hi Felicia was designed for:
Large groups (sleeps 12 comfortably)
Bachelorette traffic
High ADR weekend bookings
Instagram-friendly moments
The rooftop gets the photos.
The garage game room gets the bookings.
The layout keeps the reviews high.
It’s a hospitality asset — not just a townhome.
What Makes This Different From 2021 STR Inventory
We are currently dealing with a lot of STR owners who bought at peak pricing.
Unless they have stellar numbers, many are underwater relative to acquisition price.
This one:
Was purchased correctly
Designed correctly
Operated correctly
Priced realistically for today’s DSCR environment
In 2026 Nashville, underwriting discipline matters more than ever.
As I tell clients:
“Short-term rentals are not passive. They are operating businesses. And the ones that win are the ones that were built intentionally — not emotionally.”
Hi Felicia was built intentionally.
Financing & Structure Considerations
This property is:
Eligible for DSCR financing
Structured to allow booking transfers
Ideal for investors looking to scale
With lenders tightening on speculative projections, stabilized revenue is critical.
When the income already exists, underwriting becomes dramatically easier.
Who This Is For
This is for the investor who:
Understands Nashville’s STR market
Wants permitted inventory
Doesn’t want to renovate
Doesn’t want to rebrand
Doesn’t want to “hope” for revenue
This is not for someone looking to gamble.
It’s for someone looking to operate.
The Reality of Nashville STR in 2026
The Nashville STR market is maturing.
The easy money days are gone.
What’s left are:
Strong operators
Strong locations
Strong design
Strong numbers
Hi Felicia checks all four.
Frequently Asked Questions
Is this property fully permitted for non-owner occupied STR use?
Yes. It is a legally permitted NOO STR in Nashville.
Are the bookings transferable?
Yes. Existing future bookings transfer to the new owner.
What are typical operating expenses?
Expenses vary based on management structure, but we can provide a detailed P&L breakdown for serious buyers.
Can this work with DSCR financing?
Yes — and stabilized income significantly strengthens the file.
How competitive is this price?
In today’s market, pricing a performing NOO STR under $850K with stabilized six-figure revenue is extremely rare.
Final Thoughts
If you’re looking at Nashville short-term rentals in 2026, you already know:
Most don’t pencil.
Hi Felicia does.
And in this market, that’s everything.
If you’d like:
Full financials
Booking breakdown
Expense modeling
Or a private walkthrough
Reach out directly.
Inventory like this doesn’t sit when priced correctly.
Jack Costigan is a top-producing Realtor® and founder of The Costigan Group at Compass Nashville, specializing in short-term rental, investment, luxury advisory, and residential real estate across Greater Nashville and Middle Tennessee. Known for his data-driven strategy, modern marketing approach, and high-touch client experience, Jack advises homeowners, professionals, and investors on identifying and executing high-performing real estate opportunities.
