[sellinggalveston]

I just had a client tour beachfront homes and I confirmed my 10% theory about Galveston vacation homes... Many of the nice beach homes in Galveston can make 10% or more of the home value. We were looking in the 400k-600k beach-front range and many were bringing in 40k-60k / year. I went on REALTOR tour not long ago and saw a 1,000,000 home with 100k in rent. I think that's pretty good from what I can see across the country... where homes are priced higher but vacation income is lower or the same.

We manage over 50 Vacation rentals and most make 10%... in fact I just put one on the market that I sold to a client over 2 years ago and last year it did 30k in rentals and so we just put it on the market for $335,000... with repeat rentals it should do over 33k this year!

What sort of rental income percentages are others seeing in Vacaton markets?