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

[Bill S.]

@Scott Tousley so seems a bit like the cart before the horse. Start with what you want of a cash on cash return and then see if a particular property will meet it. Do this for 10 or 20 that are on the market now and see what the average is. That's what's "normal" for that market currently. If that works for you, great. If not, then perhaps you adjust your desired cash on cash return rate or find another investment.