Mammoth Lakes - realistic cash on cash in first year?

[Scott Tousley]

Hey BP, 

No idea if anyone will even see this :) but we are looking at purchasing a 2 bed/2 ba condo in Mammoth within a 10-minute walk to Canyon, Eagle, or village gondola. 

I'm struggling to calculate a decent cash on cash return and wondering if anyone has a baseline for what is a "normal" cash on cash return in the first couple years of an investment property in Mammoth? 

I realize there are a ton of variables that go into it (quality of condo, purchase price, property management), but I'm just struggling to find any deals that make sense and I've been looking for the past 1-2 years.

Thanks! 

Scott