Expense Projections for Short Term Rental in Mountain or Lake Markets

[Paul Wolfson]

Hi All. I was wondering if anyone who owns a short term rental in either Broken Bow or Smokies or any other mountain or lake market -- can share their expenses. 

I'm analyzing opportunities but am realizing that without realistic expenses, I may not be getting realistic cash flow projections.

Below are some of my variables:

Type: House

Bedrooms: 3 or 4

Location: Broken Bow, Smokies, High Country, Western North Carolina.

My assumptions:

Supplies: 150/mo

Electricity: 150/mo

Gas/Propane: 0/mo (all appliances usually run on electricity in mountain markets)

Water/Sewer: 25/mo

Internet: 125/mo

Pest Control: 50/mo

HOA: 0mp

Property Taxes: 75/mo

Insurance: 100 home owners insurance + 100 short term rental insurance = 200/mo

Cleaning: 1,300/mo

PMI (10% down): 150/mo