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Updated over 5 years ago on . Most recent reply
Vacation Rental Formula / Resources
Hello, so i have several SFR and have used a really simple formula for buying them, those are the 1.5-2% rule where the monthly rent has to be 1.5 to 2% of the purchase for it to pass muster. All of those are profitable.
I am looking to get into vacation rentals and have not found a formula that works like this. Does anyone have any resources they would recommend that would assist in seeing if vacation rentals pass as a good investment?
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#2 Short-Term & Vacation Rental Discussions Contributor
- Olympia, WA
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#2 Short-Term & Vacation Rental Discussions Contributor
- Olympia, WA
@Austin S.Whew! 2%! That's pretty great. If you are getting that, then just keep doing that. Great return with less work than a vacation rental.
I am also an engineer and like @John Underwood I use a detailed sheet that covers everything.