Newbie looking for deal analysis in the carolinas

[Sirju Patel]

Hi!  Looking for a veteran to help and make sure I’m not missing anything on a potential deal, new to short term rentals.  Property is near the beach.  

Low 600s, estimated 75k-85k in revenue, 63k in mortgage + expenses.  Including higher property tax, flood insurance, property management fees, higher utility budget, and more.

my family could use it in off months and I believe will appreciate very well.


 Would like to get any advice for things to look out for or if a bad deal.  Thanks in advance!

[John Underwood]

I would drop this into a spreadsheet and then look at competition to get an idea on projected rates and occupancy. 

Do you need to account for furnishings or does it come furnished?

Make sure you get STR insurance.