All Forum Posts by: Raj Kaushal

Gross. 

60K+ total revenue, will be really nice to have 60k net though :)

Hi Guys,

Im looking to buy ideally a SFH or townhome (Condo only if low HOA and eligible for traditional funding) for short term rental only. Preferred location is near the beach. Budget up to 600k, yearly revenue potential atleast 60k and upwards. No short term rental restrictions in the area at present or in near future.

What will be your top choices??

Thanks so much!

@Julie McCoy please see my response above.

Thanks for all the replies. Julie, net profit for me is total revenue minus mortgage interest minus taxes minus hoa fees minus cleaning and fixture expenses. So for 40k revenue, assuming 15k mortgage (30% dpayment on 250k house), 5k taxes and hoa, 5k other expenses, it will be net 15k. Thats the number im interested in.

As Im doing my final round of analysis, just thought of putting this question here. I'm quite sold for the Kissimmee area and looking at some properties there. The reason I have almost decided for this market was that the numbers look very good. For a 250-300k SFH, it seems one can net around 35-40k in revenue and even with mortgage and other expenses, net cash flow comes to around 20k! I know there are some other markets where you can get good numbers, but perhaps not this much for so little investment. So I want to put out this question-

Which markets/cities/towns have consistently given very good returns in the last year in terms of pure cash flow? PCB, Scottsdale, Destin, Palm springs, Smokies are some of the markets I have been reading on this forums while going over last few months posts.

Im looking for traditional short term vacation rental markets where people have been doing airbnb since a while. My budget is 275-325k max and im atleast looking for 30-40k potential revenue, more the better. Please answer only if you have first hand experience and numbers to base your opinion. Open to hearing from realtors in any of these markets as well.

Thanks everyone who chipped in, this is awesome information. I guess as someone above said, with STR/AIRBNB properties, if i can get one which already has a listing and reviews, half of the job will be done. I will re-read some of the responses and get back to you guys.

Wow, that was surprising. Thanks folks. Technically its not my first purchase as i own a primary home 1bd 1ba condo in NYC area- which i bought after seeing it once during a weekend tour where i saw 10 other properties.

Im looking to buy a property for short term rental in Kissimmee area. I was planning to fly in there soon, but due to covid my plans keep getting delayed. My realtor there told me some people out of country have bought a property without seeing it and are already making profit. I dont want to lose on good deals and wait for things to be absolutely normal. So, a open question there to see if someone on this platform has really done it or someone you know has done it?