Evaluation of 3 Summer months income against cost of 12 months of mortgage payments

[John Underwood]

I was curious as to what my income was for June, July and August at our Lake House in SC.

We have owned this house for 15 years and have a low interest loan.

We could still pick up more bookings in August, but it is pretty full already. Also, someone could cancel in August, but this is very rare for us.

Also, this is just the income vs 12 months of mortgage payments and doesn't include other items like utilities.

The rest of the year is very strong also, but these 3 months are likely the 3 highest earners.

So, Drumroll please.  We are at 106.6% of 12 months mortgage for June, July and August. The bulk coming from Vrbo.

[John Underwood]

Quote from @Bruce Woodruff:

Great news, John....congrats!! Any tips or secrets for people just starting out in the STR market?

 Go back in time and buy at 25% today's prices and get  a 3.5% loan!