This ROI is calculated as the net return from short-term rentals divided by the sum of purchase price, closing costs, and renovation costs.The largest yearly expense is attributed to mortgage repayments (53.4%), followed by turnover fees (11.8%) and utilities (7.21%).Below, you will find a chart showing how the seasonality of vacation rentals impacts gross revenue throughout the year:This chart provides insights into the relative strength of each season.

I'm with the largest mid size multi-family brokerage in St.

Before purchasing, I would make sure to figure out your area's vacancy rate and figure out what the largest corporations are that offer housing to their employees are.

I'm considering investing in New Haven, CT as Yale is the largest hospital network in the U.S.

I plan on putting CAM on the tenants.  

Also they are building SC's largest pool club down the street.We expect it may negatively cash flow a little bit, or break even at best for the next 1 - 2 years, but the equity over the next 5 - 7 years is expected to do well.Additionally, my husband pays a large amount of taxes currently.

I live in the 4th largest metro area in the country. 

Even if you end up paying for some of the mortgage, it will help you eliminate or lower your largest expense: housing.

There are many neighborhoods in Houston that score in the 70s and up on AirDNA, so it is a good market, but you need to be precise about where you're looking.2 - the submarkets within houston that perform well for STR are nowhere near your price point. continue saving or choose a cheaper market. you're looking at the fourth largest city in the US, and the biggest city in the most moved-to state in the union.

Hi John,The value of an extra bedroom is generally the largest among those three items, and it is much less complicated to do than adding a bathroom which includes all the plumbing.