Vacation rental market in New Braunfels around Schlitterbahn and the Comal river is hot! You can't go wrong. Please feel free to shoot me an email if you are interested in receiving some current properties for sale.
Maureen Shanklin, Professional Real Estate Broker
The last home that sold in your area was a home listed at 2062 Katy. It was an older home built in the 1920's. It sold for $87,850. I believe the charm of the older home probably gave it it's value. Your home was last listed for $92,000 with a reduction to $89,900. I think if you would have started in the upper $80's you might have sold it. In today's market you would be looking at the upper $70's to low $80's for a sales price. Hope this helps... Mary... more
You might also check with some of the B&B associations to see if they have any multiples. I think it depends on how you look at the property to determine value. If it is really an operating business and that's how you want to value it, then the best way is discounted cash flow using the Steve Rushmore method from HVS. That's the way most hotels are valued. However many B&Bs I've seen aren't actually businesses, but more like hobbies, so you might only want to value the real estate purchase and not the "business" part of it...which I think you might could do unless the property is very unique. Good Luck.... more