Updated over 4 years ago on . Most recent reply
Vacation Rental Question From New Investor
Had an idea about purchasing a manufactured home (trailer) and placing it in a beach community and using it as a vacation rental property. Could realistically be rented 25-30 weeks out of the year. Comps in the area go for $250-275/night, for older but similar homes, during peak season. I estimate NOI to be between 15-20k but am just not sure if I am thinking of all basis as I am new to real estate investing.
Does anyone have experience in this sector and does this makes sense?
Thanks