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re: Rental properties - Sandestin, Seaside, Seagrove, Water color
Posted on 6/29/22 at 10:52 pm to Im4datigers
Posted on 6/29/22 at 10:52 pm to Im4datigers
If you have a really good property company managing the rental you can make some serious income owning one of these. I’d say the average rental rate including all seasons is around $800 a night. If you can rent it out 80% of the year (269 days) you’d bring in around $20,000 a month in rental income.
4
Posted on 6/30/22 at 5:15 am to Catchfalaya
You think the average rate, including winter months, is $800 a night?? And you expect 80% occupancy throughout the year on a beach rental? Where are your beach rentals baww???
Posted on 6/30/22 at 8:59 am to Catchfalaya
quote:
If you have a really good property company managing the rental you can make some serious income owning one of these. I’d say the average rental rate including all seasons is around $800 a night. If you can rent it out 80% of the year (269 days) you’d bring in around $20,000 a month in rental income.
You are also going to have to pay that management company 30%, and then pay taxes, depreciation costs, insurance and/or high HOA fees. You can break even in the right situations, particularly on one bedrooms in OBA, but one bedrooms are not what anyone is looking for in the areas the OP described.
The condos are in the early stages of a decline in prices. I did not think that would happen two months ago, but I was clearly wrong. I suspect there will be at least a 20-25% market correction in the next 18 months. I am almost always in the market, but have no desire to purchase any time soon given the market uncertainty right now and relatively high jumbo rates.
This post was edited on 6/30/22 at 11:27 am
Posted on 6/30/22 at 9:31 am to Catchfalaya
quote:this ain’t happening. May to end of July you may rent it a bunch but after that it is spotty
If you can rent it out 80% of the year (269 days) you’d bring in around $20,000 a month in rental income.
Posted on 7/1/22 at 7:45 pm to Catchfalaya
quote:
you’d bring in around $20,000 a month in rental income
What is the denominator in the ROI equation?
$240,000 per year / what investment
And at what total expense (eg, management company fees)?
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