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Updated about 4 years ago,
Finger Lakes NY vacation rental
Hi, I am investing in the Buffalo area and I am looking at a waterfront properties in the finger lakes. Has anyone invested in vacation homes in this area?
I need to better understand the numbers (how many weeks a year can it be rented / seasonality / taxes / cashflow / management fees...).
I am looking at properties 3+ bed 2+ bath with access to the water in the $300-$400k range. Canusus or Canandaigua lakes. From what I see it can be rented between $250 and $400 a night depending on the season and taxes are around $10k. I was hoping to be able to rent 20-25 weeks a year and I am not sure if it's a reasonable assumption.
Thank you!