Good afternoon from Germany! I'm looking for insight on the average monthly utility cost for water, sewage, electricity, internet, and anything else I may have forgotten for a 3 BR, 3.5 BA, with pool, in Sevierville. This is my first time trying to determine cash flow on a new construction cabin we are considering. Initial numbers are 21% CoC ROI. Is this good? I used Zillow for property tax and insurance and $80 per month for Internet and Cable TV. What am I missing for expenses if I am self-managing? Thanks.
Investor · Greenville, SC · Member since 2015 · 1k+ posts · 1k+ votes
4y
With a pool cabin expect electric to be around $600/mo and Internet and cable is going to be more like $150. Zillow is probably not recognizing the fact you have a pool for insurance purposes so expect 1600- 2k for ins.
Investor · The worst town to live in, KS · Member since 2016 · 4k+ posts · 4k+ votes
4y
I charge less than most other people do on here, but I have the longest duration of tenant occupancy. Utilities take about 30% of the monthly gross rent.
Investor · Greenville, SC · Member since 2015 · 1k+ posts · 1k+ votes
4y
With a pool cabin expect electric to be around $600/mo and Internet and cable is going to be more like $150. Zillow is probably not recognizing the fact you have a pool for insurance purposes so expect 1600- 2k for ins.
Thanks @Luke Carl. I’ll ask about the gas option for the pool. Good news on the water and septic. The cabin will have a septic and we’ll system. I assume the cleaning crew will take care of the garbage at the end of each stay.
Investor · FL · Member since 2016 · 332 posts · 388 votes
4y
@John Watson So for well, if you have a filtration system budget $60 a month also capex $50 a month total for repair to septic and well. Septic will need pumping every couple years and well pumps break.