Looking at investment rental property. What is the avg. rental income per year on a (3) bedroom condo near (not on) the beach? Thanks

Asked by Avaught, Oak Island, NC Mon Jan 21, 2013

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Cheryl Kuntz, Agent, Southport, NC
Mon Jan 21, 2013
Does it have previous rental history? There are a lot of variables that factor in. you can go to http://www.rentalsatthebeach.com and see what other units get in rent different times of the year. You also have to factor in how often you block it out for friends, yourself and family to use it. Do you have a real estate agent helping you?
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Avaught, Home Buyer, Oak Island, NC
Mon Jan 21, 2013
Can you be more specific please? I'm looking at a 3 bedroom unit on Oak Island in the Oceanwalk condo section. I assume this will sleep 6-8 adults and will be pet friendly.
Thanks
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Cheryl Kuntz, Agent, Southport, NC
Mon Jan 21, 2013
It depends on how many people it sleeps and how close to the ocean it is but a guesstimate is $24k.
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