Newbie in Naples, FL needs help analyzing a 2/1 villa

[Mustafa Abdulali]

Hello all,

I've been researching real estate for several months and have been reading as much as I can about how to do an analysis of properties. My realtor just sent me a listing for a 2/1 Villa in the East Naples area for $149,900. It has an HOA of $325 but that covers landscaping, pest control, water, irrigation, insurance, sewer, street maintenance and trash removal. The place won't need any renovation and the buyers are willing to include all the furniture.

I'm struggling with calculating the rental income. This area is predominately seasonal rentals (Jan-April). I think I can get $2500/month during the season and maybe $1200/month off season (at least based on my research). What I don't know how to do is calculate the vacancy. This is my first investment property and I'm not familiar with seasonal rentals and how to go about doing them. I downloaded @J. Scott SFH analysis spreadsheet and filled out the numbers and the cash flow was positive (I summed all the rents and divided by 12 to get an average rent of $1500).

Any other Naples based investors that can help me understand the vacancy rate for a seasonal/non-seasonal property?

Thanks for your help!