Selecting a 30A Property: Expectations and Answers to the Questions You're Asking
Posted by Live 30A Real Estate on
Searching for a home/property on 30A? Check out this quick answer guide:
Setting the right expectations
1.) Vacation Rental Income Return & The Real Fees Associated
- Owning a vacation rental on 30A is exciting and fun! And you'll be owning in one of the most beautiful and highly demanded beach destinations in the US, especially the South. But while rental income here is great, real estate prices are also strong - so don't expect 10% and 10%+ ROI to be the common. A fair example - for a home in Seacrest Beach (2019/2020) valued at $850,000, expect a gross rental income around $60,000 - $75,000. Another example on the high end of the spectrum maybe a 8-10 bedroom home on 30A valued at $3,000,000 and can also generate $300,000 gross rental…
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