100K in Short Term Rental Income for 500k Purchase

[Matt Schreiber]

Hi Everyone, I wanted to reach out and maybe hear from realtors or investors who feel like it is possible to get 100k in rental income for around a 500k purchase in their market. I personally invest in Panama City Beach, Pawleys Island, Tybee Island, Asheville and Avon, NC. The only one out of those markets that has some potential to hit those numbers is Avon, NC but I would say that is a stretch. I think 500k can get you around 70k with the right property in Avon but that is probably the max. The other markets not really possible or close. I had been looking in Blue Ridge, Bryson City and Gatlinburg but also looks like not even close. Recently I've been making offers and found these two properties right around 500k that each did over 100k in rental income last year. The first one has an HOA that is changing the rules to not allow Short Term Rentals anymore and the second one had 6 offers and I didn't get it. It seems like these big houses or lakefront houses have the potential to do those types of numbers and are still affordable enough in just a few markets but I was curious if anyone was seeing these types of possibilities in their market or in the markets they invest or work in.

https://www.zillow.com/homedetails/189-Headwaters-Rd-Valley-...

https://www.zillow.com/homedetails/6049-Boardwalk-Dr-Tobyhan...