Considering a condo purchase on the Gulf Coast? One question I am asked frequently is "How much will this condo earn in rental income?". It's a great question and may be very important to your
GULF COAST CONDO INCOME PROJECTIONS
Dated: April 5 2022
Considering a condo purchase on the Gulf Coast? One question I am asked frequently is "How much will this condo earn in rental income?". It's a great question and may be very important to your purchase decision, so let's dive in!
I built a website that provides real-time rental projections and fixed expense breakdowns to help you make an educated decision. Visit https://wizardoffer.com and search for any condo to see it's projected annual income as well as fixed expense estimate. This is a phenomenal tool for buyers. I built it with you in mind!
You will be shocked at the semi-passive income an investment condo can produce, but there are many factors that may affect a condo's income production. The view, location, size of condo, amenities, and location in the building are several of the most important factors. There is no perfect science to projecting future rental potential but we can look at similar units and years past to educate our opinion. My algorithm takes dozens of factors into account to provide you with the best estimate available.
Another important factor is your expected expenses including HOA, Utilities, Property Taxes, And Assessments. My website breaks down these expenses to allow you to be informed as you search for a condo.
If you would like me to look at a specific condo unit and give my thoughts on projected earnings or if you would like rental history on a specific condo or home, contact me at (205) 807-6004.
Benjamin McNeal, Condo Specialist
Realty Executives Gulf Coast
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