• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Facebook
  • Instagram
  • Pinterest
  • YouTube

 (910) 202-4813

  info@justforbuyersrealty.com

Just For Buyers Realty Wilmington NC Logo

Houses For Sale in Wilmington NC

Just For Buyers Realty-Exclusive Buyers Agents

  • HOME
  • ABOUT YOU
    • Retiring to the area
    • Looking for a vacation home
    • Relocating for your job
    • I’m a Luxury Buyer
    • Staying In The Area
    • First Time Home Buyer
    • LIFESTYLE INTERESTS ?
      • BOATING
      • BICYCLING
      • EQUESTRIAN
      • FLYING
      • GOLF
      • TENNIS
  • ABOUT US
    • Client Philosophy
    • Our Real Estate Team
    • Join Our Team
  • HOME SEARCH
    • Basic Search
    • Map Search
    • Advanced MLS Search
    • MLS Address Search
    • MLS ID Search
  • RESOURCES
    • Local Events
    • Utilities Info
      • Surf City Pender County Utilities
      • North Topsail Utilities
      • Topsail Utilities
      • Carolina Place Utilities List
      • Castle Hayne Utilities
      • Hampstead Utilities
    • School Info
      • New Hanover County Schools
      • Brunswick County Schools
      • Pender County Schools
      • School Search Tool
    • Better Buyer Process™
    • Local Tax Rates
    • North Carolina Title Insurance Premium Rates
    • About Our Neighborhoods
    • Glossary of Real Estate Terms
  • FEATURES
    • Cape Fear Community News
    • Best Deals On The Market
    • Unique Homes
    • Luxury Home Reports
  • Contact

How much can you make from owning a short term vacation rental

September 12, 2023 By Just For Buyers Realty

Are you ready to turn your real estate dreams into a wealth-building reality? We’re here to guide you through the exciting journey of investing in properties for short-term rentals. It all starts with a burning question on every investor’s mind: “How much can I make from rent?”

If you’re eyeing the long-term real estate game, we’ve got you covered. Check out this must-read article we published earlier this year. It tells the story of our own Eric Badalov, who owns multiple homes in the Wilmington area. He shares invaluable insights for aspiring landlords.

But today, we’re here to thrill those of you who crave quick returns with turnkey short-term rentals. When you live by the beach, vacation rentals aren’t just a possibility – they’re your golden ticket to wealth. Picture this: families flock in on a sunny Saturday and depart a week later, leaving your investment brimming with potential.

Now, let’s dive into the intricacies. Short-term property purchases often come with a tad more complexity. Unless you’re paying in cash, lenders might ask for a heftier down payment, somewhere around 20% to 25% of the asking price. And don’t forget to budget for furnishing these lovely homes to entice renters.

But here’s the game-changer – you can leverage your rental income potential to qualify for a loan. Imagine you’re teetering on the edge of mortgage approval, and your financials just don’t quite cut it. Some lenders will take a closer look at the property’s rental history. Prove that your desired property has a track record of cash flow, and voila, that income can count as your own, even before you’ve snagged the property.

Now, let’s get down to brass tacks. How much can you really make?

Our team did the legwork for you. We analyzed 278 properties sold within the past year, all of them boasting official rental histories. We then compared these figures with next summer’s listings on Airbnb and VRBO. After forecasting the rent for the upcoming summer season and making a conservative estimate that your investment property would be booked for 14 weeks straight – from Memorial Day to Labor Day – we factored in another 12 weeks at a slightly lower rate.

Of course, property size and condition play a crucial role in what you can charge. Single-family homes command higher rates than condos, and a five-bedroom property outshines a three-bedroom gem. These numbers are ballpark figures only, but they’ll give you a solid sense of whether the world of short-term rentals is your oyster.

Location Type of Property Range of Annual Income
Wrightsville Beach Condos $37,000 – $56,000
Wrightsville Beach Single Family Homes $97,000 – $125,000
Carolina Beach Condos $25,000 – $40,000
Carolina Beach Single Family Homes $70,000 – $95,000
Kure Beach Condos $39,000 – $55,000
Kure Beach Single Family Homes $73,000 – $98,000
Surf City/Topsail Condos $31,000 – $44,000
Surf City/Topsail Single Family Homes $82,000 – $100,000
Oak Island Condos $21,000 – $30,000
Oak Island Single Family Homes $56,000 – $74,000
Holden Beach Single Family Homes $57,000 – $75,000
Ocean Isle Condos $33,000 – $47,000
Ocean Isle Single Family Homes $91,000 – $108,000
Sunset Beach Condos $20,000 – $32,000
Sunset Beach Single Family Homes $66,000 – $85,000
Bald Head Island Single Family Homes $112,000 – $128,000

Remember, these numbers aren’t all profit. As an investment owner, you’ll have other expenses to consider – monthly fees to property management firms, HOA fees, and regular upkeep and maintenance (because, let’s face it, all rentals need occasional repairs).

However, consider these numbers your springboard to success. Owning a vacation rental is one of the fastest ways to build wealth. If you’re eager to dive deeper into this lucrative venture, the next step is a chat with a Just For Buyers Realty agent. We’re here to help you find the perfect property that’ll fill your bank account with cash. Call us today at 910-202-4813, and let’s make your real estate dreams come true!

Primary Sidebar

We’re Ready To Help You ▷


0 / 180


MLS Search Tools

 Home Search

  Map Search

 By Address

 ID Search

READY TO FIND YOUR NEW HOME?

Just For Buyers Realty is specifically built for home buyers. Start your home search now.

Footer

Contact Just For Buyers Realty

Office: (910) 202-4813

Email: info@justforbuyersrealty.com

Office Location
5 Silva Terra Drive, Suite 140
Wilmington, NC 28412
Map It

Looking for an EBA in another area?

Find An EBA
Privacy Statement (US)
Opt-Out Preferences
Disclaimer