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The real question mark is how many weeks of the year can it be rented out? Is 40 weeks unreasonable? From what I've read, there are 12 high season weeks that are easy to rent, so $1500 x 12 = $18000. Maybe another 12 mid season weeks @ $1100 = $13200. So that leaves 28 weeks, less 2 weeks for maintenance @ $800 = $20800. That totals $52000 gross, which would represent about 17.5%, and that's where I'd need to be. That's best case scenario. What I'll need to figure out is what a realistic scenario is.
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The other real question is how much of that do you get to keep. I assume you would put this in to a rental pool that is professionally managed? If so, from what I researched years ago, expect to keep 50% of the gross after deducting management fees and housekeeping. If you are expecting to manage this yourself have you figured out how to attract tenants, transact with credit cards, maintain a website or presence on VRBO, hire housekeeping, keep it stocked with furniture, linens, kitchen stuff, handle emergency and preventative maintenance, etc. Deal with renters who are nice and want a lot of hand holding, deal with renters who are a demanding pain in the arse. It's a lot of work.