re: Sandestin Real Estate Prices....where are they headed?

quote:

---

Fat Bastard..... do you do business in areas comparable to Destin? Just trying to formulate my plan and timing of when to move on this.

---

A good buy for a vacation rental is a property that Gross rents for 10% of its value, a great buy rents for 15% or more.

Most people under estimate expenses and realtors don’t help here.

You are talking likely 2-5% of value in expenses a year, 20% of rent is management fee (that’s 2% if value), mortgage, and then the rest is your net income.