Vacation Rental Financing

[Julie Dillon]

Anyone have advice on how to calculate the 'numbers' on vacation rentals?

I believe it can have a good cash flow even with the added expenses as long as the property is in a area of high rental demand and the property itself is priced right to buy. Is there a more precise way of checking the ROI before making an offer?

Added expenses at the outset would be furnishings, decor, household items, linens, etc

Monthly expenses would include property management, housekeeping, landlord insurance, utilities, internet/cable, lawncare, etc.

Any help or advice is appreciated!

Julie