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Updated about 2 years ago on . Most recent reply

Cole Schlack's profile image
Cole Schlack's profile image
Cole Schlack
  • Realtor
  • from Hawaii, Hawaii
  • Member since Sep 10, 2015
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Cole Schlack's profile image
Cole Schlack's profile image
Cole Schlack
  • Realtor
  • from Hawaii, Hawaii
  • Member since Sep 10, 2015
Connect
Cole Schlack
  • Realtor
  • Hawaii, HI
95
Votes |
145
Posts
Short-Term & Vacation Rental Discussions

What is the BEST Location for a Return on a $1m STVR investment?

Cole Schlack
  • Realtor
  • Hawaii, HI
Posted

I would like to see what everyone is getting for returns on their Short Term Vacation Rental in the $1m value range

I will start, 

Waikoloa Beach Hawaii, Big Island Hawaii

Value $1m

2022 Gross Rent $87,422 (estimated for the end of the year) 

PM 20%- $16,844

Property Tax $6,360

HOA/Maintenance 11,808

Utilities   $6,780

Supplies $1,770

Net Profit 43,860

  • Cole Schlack
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    Allan Smith's profile image
    Allan Smith's profile image
    Allan Smith
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    • from Nashville, TN
    • Member since Jul 21, 2014
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    Allan Smith's profile image
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    Allan Smith
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    • from Nashville, TN
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    Allan Smith
    • Developer
    • Nashville, TN
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    Allan Smith
    • Developer
    • Nashville, TN
    Replied

    A 4.5% cap rate on an STR seems low. Most short-term rentals I've seen including my own usually have at least a 10% cap. They are more risk so there's usually more income.

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