Hilton Head Island, Bluffton, & The Surrounding SC Lowcountry
Blog
Mar 13, 2015
What are the costs associated with owning a vacation rental in Hilton Head and is it possible for me to break even if I purchased a condo with 20% down?
First of all, it is very difficult to find a property in the area that will break even after all expenses and your mortgage are paid. The properties do exist but they are generally properties with a high number of bedrooms, close to the beach and with an owner that does quite a bit of the management themselves. A good expectation for cash flow of weekly or short term rental property would be to cover the operating expenses.
When I have clients interested in a vacation property, I provide them with a cash flow analysis which offers a great deal of information about the costs associated with owning and renting a vacation property. Click here to see an example of a property we currently have on the market.
Please get in touch with me if you have specific questions about investing in a vacation property in Hilton Head. I am happy to show you what is currently available and getting you the information you need to see if it works for you and your goals.
If you want to make a little piece of The Island your own, you need more than just a road map and a REALTOR. You need a partner who can make things happen.
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