New Construction High End Vacation Rental Near Disney

[Eve Zaher]

We are about to buy a lot to build on a 6-bedroom house with a pool in a gated upscale golf and waterpark community. We plan to have a management company manage it for 20%. Other similar 6-bedroom houses in that community are bringing in a total of about 190k income a year, expenses are estimated at 168K a year. Cash out of pocket with furniture and theme around 550K. Total debt after 20 percent down 1.4M over 30 years. 

We have smaller rental homes in other area but this is a much bigger investment and our first in STR industry. Granted this property is 15 minutes from Disney I have also heard Disney is slowing down. I would love to know your insight into this deal and the region. Is high-end STR projected to be strong in the area? Someone mentioned if Disney moves because of issues with the city Orlando is doomed financially. Any insight on this would be great, is the COC investment good? Any advice or suggestion you have would be very much appreciated. STR and this area as well as high-end STR are new to us.

[Eve Zaher]

Thank you, everyone! Your suggestions were priceless. Really appreciate it.

We decided to not do this deal.