Typical Returns on Short Term Vacation Rentals

[Kyle Seidel]

I am looking to get into short term vacation rentals- specifically in Phoenix. The one thing I can't find is examples of other people who are using a company like Turnkey and what their returns are? Say if I put $50k down on a $200k house what could I reasonably expect for a return? Is it reasonable for me to expect say $3k/mo. in gross rents then after their 18% fee and the mortgage and a typical month of expenses to cash flow say $200/mo.?

If you have any experience with short term vacation rentals (self manage or having a property management company like Turnkey run it) I would love to see an overview of your numbers and if this would be a good investment for me in the Phoenix area. Feel free to include your gross rents, expenses, property management fees, maintenance, other expenses, cash flow, or any numbers you have from other markets as well.