Should I Buy a Vacation Rental Property in 2023?
Abstract
Is the Vacation Rental Business Profitable? If you follow the necessary steps needed to buy a vacation rental property, you will reap the many advantages of investing. Where Should You Buy a Vacation Rental Property? A major challenge with buying a vacation rental property is knowing where to buy the best properties that will bring in a significant profit. Mashvisor offers a rental property calculator for your vacation rental property analysis. What Is a Good Rate of Return on a Vacation Rental Property? Firstly, as long as you make a profit from your vacation rental property, you are doing fine. What is a good rate of return on a vacation rental property? If you decide to use the cap rate calculator, a reasonable rate of return is around 10%. If you decide to go to the cash on cash rate calculator, a reasonable rate of return is 8%-12%. But even with the said return rates, some investors will not buy a vacation rental home if it comes up with anything less than a 20% profit. Vacation Rental Property: A Good Investment Opportunity It is an excellent investment if you choose to buy a vacation rental property in 2023. Mashvisor can help you find vacation rental properties and also make sure that you do not incur any loss on your investment property.
